Swiss Pass 2 for 1 deal - can I validate in July ?

If I buy the Swiss Pass 2 for 1 deal prior to the May 25 deadline, can I use it for travel in July 2012 ? In one area site says you must buy AND TRAVEL by May 25, but all the details listed when you go to purchase the 2 for 1 deal do not list the TRAVEL by May 25 restriction - it looks like you are buying a regular pass than can be validated at any time within next 6 month. Do I have to TRAVEL by May 25?
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