Paragraph 7 Payment of consideration for licenceI1
United Kingdom
(1)
The Licensee shall make to the Minister as consideration for the grant of this licence—
(a)
payments of royalty in accordance with clauses 8 and 9 of this licence; and
(b)
the payment specified in Schedule 2 to this licence.
(2)
The Licensee shall not by reason of the determination of this licence or the surrender of any part of the licensed area be entitled to be repaid all or any part of the sum payable to the Minister hereunder.
Annotations
Commencement
- I1
Sch. 13 clause 7 in force at 15.2.1999, see art. 1