Paragraph 17 No transfer, assignment or sub-licenceI1

United Kingdom

(1)

The Licensee and a Third Party may at any time jointly submit to the F1OGA a written notice that they desire the OGA to transfer the Licence from the Licensee to the Third Party.

(2)

Where the F2OGA receives a notice under paragraph (1) F3it shall have complete discretion to decide whether or not to effect the transfer being sought.

(3)

If the F4OGA decides to effect the transfer being sought, F5it may do so by written notice to the Licensee and the Third Party; and in such case the Third Party shall become the Licensee in place of the Licensee and any liabilities or obligations incurred by the Licensee pursuant to the Licensee shall pass to the Third Party.

Annotations

Textual amendments

F1: Word in Sch. 3 clause 17(1)substituted (1.10.2016) by The Energy (Transfer of Functions, Consequential Amendments and Revocation) Regulations 2016 (S.I. 2016/912), regs. 1(1), 23(59)(a)
F2: Word in Sch. 3 clause 17(2) substituted (1.10.2016) by The Energy (Transfer of Functions, Consequential Amendments and Revocation) Regulations 2016 (S.I. 2016/912), regs. 1(1), 23(59)(b)(i)
F3: Word in Sch. 3 clause 17(2) substituted (1.10.2016) by The Energy (Transfer of Functions, Consequential Amendments and Revocation) Regulations 2016 (S.I. 2016/912), regs. 1(1), 23(59)(b)(ii)
F4: Word in Sch. 3 clause 17(3) substituted (1.10.2016) by The Energy (Transfer of Functions, Consequential Amendments and Revocation) Regulations 2016 (S.I. 2016/912), regs. 1(1), 23(59)(c)(i)
F5: Word in Sch. 3 clause 17(3) substituted (1.10.2016) by The Energy (Transfer of Functions, Consequential Amendments and Revocation) Regulations 2016 (S.I. 2016/912), regs. 1(1), 23(59)(c)(ii)

Commencement

I1: Sch. 3 clause 17 in force at 17.7.2014, see reg. 1(1)