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A copy of the notice shall be recorded in the Copyright Office before the effective date of termination, as a condition to its taking effect.
If either party considers it necessary to terminate this memorandum of understanding, it may do so by notifying the other party six months in advance of the effective date of termination.
The effective date of termination, which must be stated in the advance notice, is required to fall within the 5 years following the end of the applicable 35- or 40-year period, but the advance notice itself must be served earlier.
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Provisions of this chapter or any other Act requiring the termination of assistance under this chapter or any other Act shall not be construed to require the termination of guarantee commitments that were entered into prior to the effective date of the termination of assistance.
Funds obligated under the authority of such chapter or Act prior to the effective date of the termination of assistance may remain available for expenditure for the necessary expenses of winding up programs related to such termination notwithstanding any provision of law restricting the expenditure of funds.
A further grant, or agreement to make a further grant, of any right covered by a terminated grant is valid only if it is made after the effective date of the termination.
See 2009, 2010, and 2011 Amendment notes, Effective and Termination Dates of 2009 Amendment notes, Effective Date of 2010 Amendment note, and Effective and Termination Dates of 2011 Revival notes below.
Effective and termination dates of existing rate regulations, see Effective and Termination Dates of 1966 Amendment note under this section.
See 2011 and 2015 Amendment notes, Effective and Termination Dates of 2011 Revival notes, and Effective and Termination Dates of 2015 Revival notes below.
See 2009 and 2011 Amendment notes, Effective and Termination Dates of 2009 Amendment notes, and Effective and Termination Dates of 2011 Revival notes below.
Effective and termination dates of control of interest rates provisions, see Effective and Termination Dates of 1966 Amendment note above.
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CEO of Professional Science Editing for Scientists @ prosciediting.com