If you have a launch licence, you must keep doing what the licence says even after it expires or is revoked. This includes any promises you made to indemnify, which you can read about in section 10(3). You have to keep doing these things until everything to do with the launch is finished.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM6966449.
The obligations of a licensee under a launch licence (including, without limitation, any obligations under an indemnity required under section 10(3)) survive the expiry or revocation of the launch licence and continue until all matters connected to the launch or launches under the launch licence have been completed.
