OpenLegislation

Paragraph 6 Payment of consideration for licenceI1

United Kingdom

(1)

The Licensee shall pay to the Minister during the term of this licence the consideration for the grant of this licence specified in Schedule 1 to this licence at the times and in the manner so specified.

(2)

The Licensee shall not by reason of determination of this licence or of any reduction in the exploration area be entitled to be repaid or allowed any part of any sum payable to the Minister pursuant to this licence.

Annotations

Commencement

I1

Sch. 11 clause 6 in force at 15.2.1999, see art. 1