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Paragraph 3 Term of LicenceI1

United Kingdom

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

This licence shall commence with the Start Date, and (unless terminated or revoked in accordance with its provisions) shall continue until the end of the Licence Period.

(2)

Where an application is made to the Minister not later than three months before the end of the Licence Period, the Minister may decide that the Licence Period is to be extended for such further period as the Minister and the Licensee may agree.

(3)

The extension may be made subject to such modification of the terms and conditions of this licence as the Minister considers appropriate; and (subject to any such modification) this clause shall apply to the Licence Period as so extended.

(4)

This licence shall in any event terminate if, at any time—

(a)

a Lease that has been granted has expired, or been determined or revoked; and

(b)

no rights are then exercisable under any other Lease.

Annotations

Commencement

I1

Sch. para. 3 in force at 13.11.2009, see reg. 1(1)