Paragraph 15 Termination of agreement

(1)

This agreement terminates when the Part 4A code right ceases to be conferred on the operator by, or otherwise to bind, the required grantor under paragraph 27G of the code.

(2)

Sub-paragraph (1) does not apply to paragraph 8 (requirement for indemnification of the required grantor) or paragraph 9 (requirement for insurance).

(3)

Paragraphs 8 and 9 terminate when the earliest of the following occurs—

(a)

the operator and required grantor agree in writing that paragraphs 8 and 9 should terminate,

(b)

a replacement agreement^f1 comes into effect, or

(c)

no further indemnity liabilities or insurance liabilities may arise and any existing claims in respect of those liabilities have been resolved.

(4)

In this paragraph—

“indemnity liabilities” has the meaning given to it by paragraph 8(3),
“insurance liabilities” has the meaning given to it by paragraph 9(4).

Annotations

Footnotes

f1: “replacement agreement” has the meaning given to it in paragraph 27G(2) of Schedule 3A to the Communications Act 2003.