Your lease or grant terminates on whichever of the following dates occurs first:
(a) The expiration of the applicable term of your lease or grant, unless your term is automatically extended under Sec. 585.235 or Sec. 585.236, a request for renewal of your lease or grant is pending a decision by BOEM, or your lease or grant is suspended or renewed as provided in this subpart;
(b) A cancellation, as set forth in Sec. 585.437; or
(c) Relinquishment, as set forth in Sec. 585.435.