Paragraph 3 Term of LicenceI1

United Kingdom

F1(1)

This licence shall commence on the date on which it is granted.

F2(2)

Unless sooner determined under any of its provisions, this licence shall continue—

(a)

for the Initial Term, subject to clause 10 and (where applicable) clauses 4 and 5;

(b)

for the Second Term, subject to clauses 6 and 10;

(c)

for the Third Term, subject to clauses 8 and 10.

(3)

On expiry of the Third Term, this licence shall determine unless extended in accordance with clause 9.

Annotations

F1: Sch. clause 3(1) substituted (15.9.2017) by The Petroleum and Offshore Gas Storage and Unloading Licensing (Amendment) Regulations 2017 (S.I. 2017/855), regs. 1, 2(6) (with reg. 2(17))
F2: Sch. clause 3(2) substituted (20.1.2010) by The Petroleum Licensing (Amendment) Regulations 2009 (S.I. 2009/3283), regs. 1, 4(4)