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Regulation 25 A trigger event

Original text. Later amendments are not shown.

(1)

The event specified in this regulation is that the tied pub tenant sends the pub-owning business, during the relevant period, a relevant analysis which demonstrates that a trigger event has occurred.

(2)

In paragraph (1)—

(a)

“the relevant period” means the period of 56 days beginning with the day after that on which the trigger event occurred;

(b)

“a relevant analysis” means a written analysis of the level of trading which is forecast for a period beginning with the day on which the trigger event occurred and ending at least 12 months later.