Paragraph 70

(1)

Any agreement which constitutes an Escrow Agreement made pursuant to Clause 41 of the agreement specified in paragraph 1 in Part I of this Schedule.

(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, the form of agreement set out in Schedule 7 to the agreement specified in paragraph 1 in Part I of this Schedule; 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 shall not take effector 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.