Common use of Lapse of Time Clause in Contracts

Lapse of Time. By the Board of Directors of Xxxxxx or MFL if the Effective Time of the Exchange has not occurred on or prior to August 31, 1999.

Lapse of Time. By the Board of Directors of Xxxxxx or MFL if the Effective Time of the Exchange has not occurred on or prior to August 31April 30, 1999.