Paragraph 8 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 9 and 10 of this licence;
(b)
deliveries of petroleum in accordance with clause 11 of this licence; and
(c)
payments in accordance with 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 or allowed any sum payable to the Minister hereunder before the date of the determination or surrender.
Annotations
Commencement
- I1
Sch. 4 clause 8 in force at 15.2.1999, see art. 1