Paragraph 55

(1)

Any novation agreement, and any agreement resulting therefrom, by which any company which is owned, or is directly or indirectly controlled, by the Secretary of State is substituted for Nuclear Electric plc in any agreement to which any of the other paragraphs of this Schedule, or any of the provisions of the Electricity (Restrictive Trade Practices Act 1976) (Exemptions) Order 1990^f1, applies.

(2)

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

(a)

it does not add to or extend any restrictions or information provisions contained in the agreement which it novates or in respect of which it is a novation; or

(b)

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

(c)

it contains a provision that any restrictions or information provisions which it contains or any provision adding to or extending any restrictions or information provisions contained in the agreement which it novates or in respect of which it is a novation 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.

Annotations

Footnotes

f1: S.I. 1990/759.