Section 583.335 - What is the term of the agreement?(a) An agreement will terminate upon one of the following, whichever occurs first:(1) The agreement expires by its own terms, unless the term is extended prior to expiration under § 583.345 ;(2) The project is terminated, as set forth in § 583.350 ; or(3) A party to the agreement notifies BOEM, in writing, that sufficient OCS sand, gravel, and/or shell resources, up to the amount authorized in the agreement, have been obtained to complete the project.(b) Absent extraordinary circumstances, no agreement will be for a term longer than five years from its effective date.