Common use of Rule Against Perpetuities Clause in Contracts

Rule Against Perpetuities. The Parties do not intend that there shall be any violation of the Rule Against Perpetuities, the Rule Against Unreasonable Restraints on the Alienation of Property, or any similar rule. Accordingly, if any right or option to acquire any interest in the Properties, in the Assets or any part thereof, or in any real property exists under this Agreement, such right or option must be exercised, if at all, so as to vest such interest within time periods permitted by applicable rules. If, however, any such violation should inadvertently occur, the Parties hereby agree that a court shall reform that provision in such a way as to approximate most closely the intent of the Parties within the limits permissible under such rules.

Rule Against Perpetuities. The Parties do not intend that there shall be any violation of the Rule Against Perpetuities, the Rule Against Unreasonable Restraints on the Alienation of Property, or any similar rule. Accordingly, if any right or option to acquire any interest in the PropertiesClaims and/or the Real Property, in the Assets or any part thereofa Participating Interest, or in any real property assets exists under this Agreement, such right or option must be exercised, if at all, so as to vest such interest within the time periods period(s) permitted by applicable rules. If, however, any such violation should inadvertently occur, the Parties hereby agree that a court shall reform that provision in such a way as to approximate most closely the intent of the Parties within the limits permissible under such rules.

Rule Against Perpetuities. The Parties do not intend that there shall be any violation of the Rule Against Perpetuities, the Rule Against Unreasonable Restraints on the Alienation of Property, or any similar rule. Accordingly, if any right or option to acquire any interest in the Properties, in a Participating Interest, in the Assets or any part thereofAssets, or in any real property exists under this Agreement, such right or option must be exercised, if at all, so as to vest such interest within time periods permitted by applicable rules. If, however, any such violation should inadvertently occur, the Parties hereby agree that a court shall reform that provision in such a way as to approximate most closely the intent of the Parties within the limits permissible under such rules.

Rule Against Perpetuities. The Parties do not intend that there shall be any violation of the Rule Against Perpetuities, the Rule Against Unreasonable Restraints on the Alienation of Property, the Rule Against Remote Vesting, or any similar rule. Accordingly, if any right or option to acquire any an interest in the Properties, in the Assets Additional Property, Mineral Rights or any part thereof, or in any real property Other Rights exists under this Agreement, such right or option must be exercised, if at all, so as to vest such interest within time periods permitted by applicable rules. If, however, any such violation should inadvertently occur, the Parties hereby agree that a court shall reform that provision in such a way as to approximate most closely the intent of the Parties within the limits permissible under such rules.

Rule Against Perpetuities. The Parties do not intend that there shall be any violation of the Rule Against Perpetuitiesrule against perpetuities, the Rule rule Against Unreasonable Restraints unreasonable restraints on the Alienation alienation of Propertyproperty, or any similar rule. Accordingly, if any right or option to acquire any interest in the PropertiesProperty, in a Participating Interest, in the Assets or any part thereofAssets, or in any real property exists under this Agreement, such right or option must be exercised, if at all, so as to vest such interest within time periods permitted by applicable rulesrules and law. If, however, any such violation should inadvertently occur, the Parties hereby agree that a court shall reform that provision in such a way as to approximate most closely the intent of the Parties within the limits permissible under such rules.

Rule Against Perpetuities. The Parties Participants do not intend that there shall be any violation of the Rule Against Perpetuitiesrule of perpetuities, the Rule Against Unreasonable Restraints on rule against unreasonable restraints or the Alienation alienation of Propertyproperty, or any similar rule. Accordingly, if any right or option to acquire any interest in the Properties, in a Participating Interest, in the Assets or any part thereofAssets, or in any real property exists under this Agreement, such right or option must be exercised, if at all, so as to vest such interest within time periods permitted by applicable rules. If, however, any such violation should inadvertently occur, the Parties Participants hereby agree that a court shall reform that provision in such a way as to approximate most closely the intent of the Parties Participants within the limits permissible under such rules.

Rule Against Perpetuities. The Parties do not intend that ------------------------- there shall be any violation of the Rule Against Perpetuitiesrule of perpetuities, the Rule Against Unreasonable Restraints on rule against unreasonable restraints or the Alienation alienation of Propertyproperty, or any similar rule. Accordingly, if any right or option to acquire any interest in the PropertiesProperty, in a Participating Interest, in the Assets or any part thereofAssets, or in any real property exists under this Agreement, such right or option must be exercised, if at all, so as to vest such interest within time periods permitted by applicable rules. If, however, any such violation should inadvertently occur, the Parties Participants hereby agree that a court shall reform that provision in such a way as to approximate most closely the intent of the Parties Participants within the limits permissible under such rules.

Rule Against Perpetuities. The Parties do not intend that there shall be any violation of the Rule Against Perpetuitiesrule of perpetuities, the Rule Against Unreasonable Restraints on rule against unreasonable restraints or the Alienation alienation of Propertyproperty, or any similar rule. Accordingly, if any right or option to acquire any interest in the Properties, in a Participating Interest, in the Assets or any part thereofAssets, or in any real property exists under this Agreement, such right or option must be exercised, if at all, so as to vest such interest within time periods permitted by applicable rules. If, however, any such violation should inadvertently occur, the Parties Participants hereby agree that a court shall reform that provision in such a way as to approximate most closely the intent of the Parties Participants within the limits permissible under such rules.