Paragraph 4 Right of Secretary of State to revoke licenceF1

(1)

The Secretary of State may revoke the licence for failure to pay any consideration payable under the licence.

(2)

Any revocation under paragraph (1) is without prejudice to any obligation or liability incurred by the Licensee or imposed upon the Licensee by or under the terms and conditions of the licence.

Annotations

Textual amendments

F1: Sch. 3A inserted (9.2.2018) by The Scotland Act 2016 and Onshore Petroleum (Consequential, Transitional and Saving Provisions and Model Clauses) Regulations 2018 (S.I. 2018/56), reg. 1(2), Sch. 2 (with regs. 9, 11)