Paragraph 9A Payments by the MinisterI1
United Kingdom
(1)
If in any chargeable period the Licensee delivers to the Minister in pursuance of clause 11 of this licence petroleum having a value greater than the relevant percentage of the aggregate of—
(a)
the value of the petroleum delivered (ignoring any such excess as is mentioned in clause 9(6D) of this licence), and
(b)
the value of the petroleum relating to that period,
the Minister shall pay to the Licensee a sum equal to the difference.
(2)
In this clause, “chargeable period” and “relevant percentage” have the same meanings as in clause 9 of this licence.
Annotations
Commencement
- I1
Sch. 4 clause 9A in force at 15.2.1999, see art. 1