Initial Expiration Clause Samples

Initial Expiration. Unless the Offer is extended pursuant to and in accordance with this Agreement, the Offer will expire at midnight, Eastern time, at the end of the day on the date that is the later of (A) 20 Business Days (for this purpose calculated in accordance with Section 14d-1(g)(3) promulgated under the Exchange Act) after the date that the Offer is first commenced (within the meaning of Rule 14d-2 promulgated under the Exchange Act) and (B) the expiration of the Transaction Solicitation Period. If the Offer is extended pursuant to and in accordance with this Agreement, then the Offer will expire on the date and at the time to which the Offer has been so extended.