Common use of Duration of Loan Clause in Contracts

Duration of Loan. 1. The Loan shall start on the day of effectuation of this Loan Agreement and terminate on 9 March 2018, including time necessary for transportation and de-installation of the exhibition. 2. The Loan shall terminate upon the expiration of the term of loan. 3. The Borrower must request the GMB in writing to prolong duration of the loan at least three weeks before the scheduled date of expiry. 4. The GMB can prolong duration of the loan. 5. If the Borrower fails to adhere to the terms and conditions set forth herein the GMB reserves the right to cancel the Loan at any time. 6. Upon the termination of the Loan, the Borrower shall be obliged to return the Items to the GMB in the condition corresponding to the purpose of use agreed herein.

Duration of Loan. 1. The Loan shall start on the day of effectuation of this Loan Agreement and terminate on 9 March 201831 October 2017, including time necessary for transportation and de-installation of the exhibition. 2. The Loan shall terminate upon the expiration of the term of loan. 3. The Borrower must request the GMB in writing to prolong duration of the loan at least three weeks before the scheduled date of expiry. 4. The GMB can prolong duration of the loan. 5. If the Borrower fails to adhere to the terms and conditions set forth herein the GMB reserves the right to cancel the Loan at any time. 6. Upon the termination of the Loan, the Borrower shall be obliged to return the Items to the GMB in the condition corresponding to the purpose of use agreed herein.

Duration of Loan. 1. The Loan shall start on the day of effectuation of this Loan Agreement and terminate on 9 March 19 October 2018, including time necessary for transportation and de-installation of the exhibition. 2. The Loan shall terminate upon the expiration of the term of loan. 3. The Borrower must request the GMB in writing to prolong duration of the loan at least three weeks before the scheduled date of expiry. 4. The GMB can prolong duration of the loan. 5. If the Borrower fails to adhere to the terms and conditions set forth herein the GMB reserves the right to cancel the Loan at any time. 6. Upon the termination of the Loan, the Borrower shall be obliged to return the Items to the GMB in the condition corresponding to the purpose of use agreed herein.