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Article 40
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The term of a securities lending transaction may be no longer than 6 months at most from the initial date of the lending transaction.
Before the expiration of the term under the preceding paragraph, the term of the loan may be extended with the consent of both the borrowing and lending parties. Such an extension may not exceed 6 months, and no more than two extensions may be granted. Neither party may demand alteration of any other terms or conditions of the loan.
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