Common use of Final Expiration Clause in Contracts

Final Expiration. The expiration date of this Confirmation is not subject to automatic extension beyond [insert a fixed calendar date 25 years plus 30 calendar days from the date of issuance of the Standby], and any pending automatic one-year extension shall be ineffective beyond that date.

Appears in 1 contract

Sources: Memorandum of Understanding

Final Expiration. The expiration date of this Confirmation Standby is not subject to automatic extension beyond [insert a fixed calendar date 25 years plus 30 calendar days from the date of issuance of the Standbyissuance], and any pending automatic one-year extension shall be ineffective beyond that date.

Appears in 1 contract

Sources: Memorandum of Understanding