OpenLegislation

Paragraph 12 Payment of consideration for LicenceI1

United Kingdom

(1)

The Licensee shall make to the F1OGA as consideration for the grant of this Licence payments in accordance with Schedule 2 to this Licence.

(2)

The Licensee shall not by reason of determination of this Licence or surrender of any part of the Licensed Area be entitled to be repaid or allowed any sum payable to the OGA pursuant to this licence before the date of determination or surrender.

Annotations

Textual amendments

F1

Word in Sch. clause 12 substituted (1.10.2016) by The Energy (Transfer of Functions, Consequential Amendments and Revocation) Regulations 2016 (S.I. 2016/912), regs. 1(1), 13(14)

Commencement

I1

Sch. clause 12 in force at 6.4.2008, see reg. 1(1)