Lease or Grant Termination
§585.432 — When does my lease or grant terminate? Your lease or grant terminates on whichever of the following dates occurs first:
(a) The expiration of the applicable term of your lease or grant, unless your term is automatically extended under §585.235 or §585.236, a request for renewal of your lease or grant is pending a decision by BOEM, or your lease or grant is suspended or renewed as provided in this subpart; |
(b) A cancellation, as set forth in §585.437; or |
(c) Relinquishment, as set forth in §585.435. |