{"component": "clause", "props": {"groups": [{"size": 10, "snippet_links": [], "snippet": "Section 1.1(b).........................................2", "samples": [{"hash": "ilrqPW887Mu", "uri": "/contracts/ilrqPW887Mu#initial-expiration-date", "label": "Merger Agreement (Royal Bank of Canada)", "score": 18.0, "published": true}, {"hash": "fwW8GuIMWQe", "uri": "/contracts/fwW8GuIMWQe#initial-expiration-date", "label": "Merger Agreement (Prism Financial Corp)", "score": 18.0, "published": true}, {"hash": "a15uHWYKz3M", "uri": "/contracts/a15uHWYKz3M#initial-expiration-date", "label": "Merger Agreement (Prism Financial Corp)", "score": 18.0, "published": true}], "hash": "d2c75ee169a39e680fd018db079217ab", "id": 1}, {"size": 6, "snippet_links": [], "snippet": "\u201cInitial Expiration Date\u201d shall have the meaning set forth in Section 1.1(d).", "samples": [{"hash": "hFJttIz9XvQ", "uri": "/contracts/hFJttIz9XvQ#initial-expiration-date", "label": "Merger Agreement (Maxim Integrated 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"maximum-amount", "type": "clause", "offset": [147, 161]}, {"key": "measurement-date", "type": "definition", "offset": [178, 194]}, {"key": "merger-closing-date", "type": "definition", "offset": [255, 274]}, {"key": "merger-consideration", "type": "definition", "offset": [288, 308]}], "snippet": "Section 2.01(a) Intervening Event Adverse Recommendation Change Section 6.02(b) Legal Restraints Section 8.01(a) Material Contract Section 4.10(a) Maximum Amount Section 7.03(c) Measurement Date Section 4.02(a) Merger Recitals Merger Closing Section 3.02 Merger Closing Date Section 3.02 Merger Consideration Section 3.08(c)", "samples": [{"hash": "fXJZ3DDrLPp", "uri": "/contracts/fXJZ3DDrLPp#initial-expiration-date", "label": "Merger Agreement (Concentra Biosciences, LLC)", "score": 36.6194387406, "published": true}, {"hash": "dRwo1jvyOY6", "uri": "/contracts/dRwo1jvyOY6#initial-expiration-date", "label": "Merger Agreement (iTeos Therapeutics, Inc.)", "score": 36.5509910583, "published": true}, 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"clause", "offset": [754, 761]}, {"key": "merger-sub", "type": "clause", "offset": [801, 811]}, {"key": "periods-of", "type": "clause", "offset": [901, 911]}, {"key": "business-days", "type": "definition", "offset": [922, 935]}, {"key": "length-of", "type": "clause", "offset": [946, 955]}, {"key": "to-be-determined", "type": "definition", "offset": [973, 989]}, {"key": "by-parent", "type": "clause", "offset": [990, 999]}, {"key": "sole-discretion", "type": "definition", "offset": [1007, 1022]}, {"key": "in-order-to", "type": "clause", "offset": [1024, 1035]}, {"key": "satisfaction-of", "type": "clause", "offset": [1047, 1062]}, {"key": "with-respect-to", "type": "clause", "offset": [1108, 1123]}, {"key": "following-the", "type": "definition", "offset": [1159, 1172]}, {"key": "the-company", "type": "clause", "offset": [1460, 1471]}, {"key": "prior-written-consent", "type": "clause", "offset": [1474, 1495]}, {"key": "outside-date", "type": "clause", "offset": [1539, 1551]}, {"key": "in-addition", "type": "clause", "offset": [1555, 1566]}, {"key": "required-by", "type": "definition", "offset": [1628, 1639]}, {"key": "applicable-law", "type": "definition", "offset": [1640, 1654]}, {"key": "applicable-rules", "type": "definition", "offset": [1658, 1674]}, {"key": "the-us", "type": "clause", "offset": [1721, 1728]}, {"key": "securities-and-exchange-commission", "type": "clause", "offset": [1730, 1764]}, {"key": "its-staff", "type": "definition", "offset": [1780, 1789]}], "snippet": "Section 1.1(d) is amended and restated as follows: \u201cUnless extended in accordance with the terms of this Agreement, the Offer shall expire at 12:00 midnight, Eastern Time, on April 1, 2015 (which is one minute after 11:59 p.m., Eastern Time, on March 31, 2015) (the \u201cInitial Expiration Date\u201d) or, if the Initial Expiration Date has been extended in accordance with this Agreement, the date to which the Offer has been so extended (the Initial Expiration Date, or such later date 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If on any then scheduled Expiration Date, all of the conditions to the Offer (including the Minimum Condition and the other conditions set forth in Annex I) have not been satisfied, or waived by Merger Sub, Merger Sub shall (and Parent shall cause Merger Sub to) extend the Offer for successive periods of up to ten Business Days each, the length of each such period to be determined by Parent in its sole discretion, in order to permit the satisfaction of such conditions; provided, however, that (i) with respect to the extension, if any, immediately following the Initial Expiration Date, Merger Sub shall (and Parent shall cause Merger Sub to) extend the Offer to 12:00 midnight, Eastern Time, on April 8, 2015 (which is one minute after 11:59 p.m., Eastern Time, on April 7, 2015) and (ii) Merger Sub shall not be required to, and shall not without the Company\u2019s prior written consent, extend the Offer beyond May 1, 2015 (the \u201cOutside Date\u201d). In addition, Merger Sub shall extend the Offer for any period or periods required by applicable Law or applicable rules, regulations, interpretations or positions of the U.S. Securities and Exchange Commission (the \u201cSEC\u201d) or its staff.", "samples": [{"hash": "32TWbawOuDS", "uri": "/contracts/32TWbawOuDS#initial-expiration-date", "label": "Agreement and Plan of Merger (Valeant Pharmaceuticals International, Inc.)", "score": 24.201915741, "published": true}, {"hash": "2zLcqAcdPId", "uri": "/contracts/2zLcqAcdPId#initial-expiration-date", "label": "Agreement and Plan of Merger (Salix Pharmaceuticals LTD)", "score": 24.201915741, "published": true}], "hash": "6e447d016fbfd5147702113c48a79878", "id": 6}, {"size": 1, "snippet_links": [{"key": "upon-the-effective-date", "type": "clause", "offset": [0, 23]}, {"key": "the-lease", "type": "clause", "offset": [42, 51]}, {"key": "to-provide", "type": "clause", "offset": [69, 79]}, {"key": "day-of", "type": "clause", "offset": [131, 137]}, {"key": "full-calendar-month", "type": "definition", "offset": [163, 182]}, {"key": "rent-commencement-date", "type": "definition", "offset": [197, 219]}], "snippet": "Upon the Effective Date, Section 2.5.2 of the Lease shall be amended to provide that the Initial Expiration Date shall be the last day of the ninety-eighth (98th) full calendar month following the Rent Commencement Date.", "samples": [{"hash": "38rRCuxM9Za", "uri": "/contracts/38rRCuxM9Za#initial-expiration-date", "label": "Office Lease Agreement (Smartsheet Inc)", "score": 33.2272415161, "published": true}], "hash": "8078d0847d69eefeab1baa3426ac33c3", "id": 7}, {"size": 1, "snippet_links": [], "snippet": "The Initial Expiration Date will be April 30, 2001.", "samples": [{"hash": "347Y6Hx9s2v", "uri": "/contracts/347Y6Hx9s2v#initial-expiration-date", "label": "Lease (Paramark Enterprises Inc)", "score": 18.0, "published": true}], "hash": "52fb6755488182b286590da28602b975", "id": 8}, {"size": 1, "snippet_links": [{"key": "intellectual-property", "type": "definition", "offset": [8, 29]}], "snippet": "1.01(a) Intellectual Property...................................................................................4.14 IRS..................................................................................................4.11(b) ISRA.................................................................................................6.12(c) Knowledge............................................................................................9.17(d) Liens...................................................................................................4.01", "samples": [{"hash": "5n7XqGHeOsH", "uri": "/contracts/5n7XqGHeOsH#initial-expiration-date", "label": "Merger Agreement (Block Drug Co Inc)", "score": 18.0, "published": true}], "hash": "d89a685935a16324656f2651815311a2", "id": 9}, {"size": 1, "snippet_links": [{"key": "upon-the-effective-date", "type": "clause", "offset": [0, 23]}, {"key": "section-251", "type": "clause", "offset": [25, 38]}, {"key": "the-lease", "type": "clause", "offset": [42, 51]}, {"key": "to-provide", "type": "clause", "offset": [69, 79]}], "snippet": "Upon the Effective Date, Section 2.5.1 of the Lease shall be amended to provide that the \u201cInitial Expiration Date\u201d shall be December 31, 2026.", "samples": [{"hash": "38rRCuxM9Za", "uri": "/contracts/38rRCuxM9Za#initial-expiration-date", "label": "Office Lease Agreement (Smartsheet Inc)", "score": 33.2272415161, "published": true}], "hash": "64acec4daced1804117d410eb124be51", "id": 10}], "next_curs": "CmASWmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjwLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IiBpbml0aWFsLWV4cGlyYXRpb24tZGF0ZSMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"size": 36, "parents": [["miscellaneous", "Miscellaneous"], ["anti-money-laundering-ofac-requirements", "Anti-Money Laundering/OFAC Requirements"], ["original-lease", "Original Lease"]], "title": "Initial Expiration Date", "children": [], "id": "initial-expiration-date", "related": [["commencement-expiration-date", "COMMENCEMENT/EXPIRATION DATE", "COMMENCEMENT/EXPIRATION DATE"], ["lease-expiration-date", "Lease Expiration Date", "Lease Expiration Date"], ["amounts-outside-expiration-date", "Amounts; Outside Expiration Date", "Amounts; Outside Expiration Date"], ["extension-of-expiration-date", "Extension of Expiration Date", "Extension of Expiration Date"], ["expiration-date", "Expiration Date", "Expiration Date"]], "related_snippets": [], "updated": "2025-08-17T05:59:45+00:00", "also_ask": [], "drafting_tip": null, "explanation": "The Initial Expiration Date clause defines the specific date on which an agreement or contract is set to end unless renewed or extended. In practice, this clause establishes a clear timeline for the duration of the parties' obligations, such as a lease ending after one year or a service contract concluding on a set anniversary. Its core function is to provide certainty regarding the contract's term, helping both parties plan for renewal, renegotiation, or termination, and preventing misunderstandings about when contractual duties cease."}, "json": true, "cursor": ""}}