---
kind: "section"
citation: "30 C.F.R. § 583.335"
title: "30"
number: "583.335"
heading: "What is the term of the agreement?"
url: "https://uscodex.org/cfr/30/583.335"
---

# §583.335. What is the term of the agreement?

- (a) An agreement will terminate upon one of the following, whichever occurs first:
  - (1) The agreement expires by its own terms, unless the term is extended prior to expiration under [§ 583.345](/cfr/30/583.345.md);
  - (2) The project is terminated, as set forth in [§ 583.350](/cfr/30/583.350.md); or
  - (3) A party to the agreement notifies BOEM, in writing, that sufficient OCS sand, gravel, and/or shell resources, up to the amount authorized in the agreement, have been obtained to complete the project.
- (b) Absent extraordinary circumstances, no agreement will be for a term longer than five years from its effective date.

## Notes

### Authority

Authority: 43 U.S.C. 1334.

### Source

Source: 82 FR 45973, Oct. 3, 2017, unless otherwise noted.