OpenLegislation

Paragraph 50

Original text. Later amendments are not shown.

(1)

Any agreement which constitutes a Supplemental Agreement made pursuant to Clause 2 of the Master Agreement.

(2)

The condition which must be satisfied by an agreement of a description specified in sub-paragraph (1) above is that —

(a)

it is in, or is substantially in, one or more of the forms of agreements exhibited as Exhibits 1 to 6 to the Master Agreement; or

(b)

it is in, or is substantially in, a standard form of agreement, other than those referred to in sub-paragraph (2)(a) above —

(i)

of which a copy has been provided to the Department before this Order is made, or

(ii)

of which a copy is provided to the Department not less than 21 days before the date on which the agreement is made and in respect of which the Department does not, within 21 days of the provision of the copy, give notice of objection to the party providing it; or

(c)

it is in the terms of a draft of which a copy is provided to the Department before the date on which the agreement is made; or

(d)

it contains a provision that any restrictions or information provisions which it contains shall not take effect or shall cease to have effect —

(i)

if a copy of the agreement is not provided to the Department within 28 days of the date on which the agreement is made, or

(ii)

if, within 28 days of the provision of the copy, the Department gives notice of objection to the party providing it.