Common use of Authorization Period Clause in Contracts

Authorization Period. GKM's engagement hereunder shall become -------------------- effective on the date hereof and, unless extended in writing by Palisades or the Company and GKM, shall expire on the earlier of (i) the final closing date of the Private Placement, and (ii) September 30, 1999 (in either case, the "Termination Date"; the period from the date hereof through the Termination Date being hereinafter referred to as the "Authorization Period").