Paragraph 42 Power of partial revocationF1I1
United Kingdom
This clause applies in a case where two or more persons are the Licensee and—
an event mentioned in clause 41(2)(c), (d), (e), (f) or (h) occurs in relation to one of those persons;
an event mentioned in clause 41(2)(b) occurs which consists of a breach of clause 40A(2) or (4) in relation to a change in control of one of those persons;
an event mentioned in clause 41(2)(k) occurs in relation to a change in control of one of those persons (see clause 40A); or
an event mentioned in clause 41(2)(l) occurs which consists of a failure by one of those persons as mentioned in that provision.
If the OGA exercises the power in paragraph (2), the rights granted to the person under this licence cease, but without prejudice to any obligation or liability incurred by the person or imposed under the terms and conditions of this licence.
Where this licence is revoked in relation to one person under this clause, it continues to have effect in respect of the other person who constitutes, or persons who together constitute, the Licensee and in relation to whom it is not revoked.
Annotations
Textual amendments
- F1
Words in Sch. clause 40(4) substituted (15.9.2017) by The Petroleum and Offshore Gas Storage and Unloading Licensing (Amendment) Regulations 2017 (S.I. 2017/855), regs. 1, 2(15) (with reg. 2(17))
- F2
Sch. clause 42(1) substituted (11.1.2024) by Energy Act 2023 (c. 52), s. 334(1), Sch. 21 para. 66(2); S.I. 2024/32, reg. 2(d)(iii)
- F3
Word in Sch. clause 42 substituted (1.10.2016) by The Energy (Transfer of Functions, Consequential Amendments and Revocation) Regulations 2016 (S.I. 2016/912), regs. 1(1), 13(42)
- F4
Words in Sch. clause 42(2) substituted (11.1.2024) by Energy Act 2023 (c. 52), s. 334(1), Sch. 21 para. 66(3); S.I. 2024/32, reg. 2(d)(iii)
Commencement
- I1
Sch. clause 42 in force at 6.4.2008, see reg. 1(1)