OpenLegislation

Paragraph 4 Automatic termination of licence

Original text. Later amendments are not shown.

(1)

This licence shall automatically cease and determine—

(a)

on the termination of the principal licence, and

(b)

on the grant of an exploration, appraisal, or development licence in respect of an area which includes the whole of the exploration area.

(2)

Where an exploration, appraisal or development licence is granted in respect of part of the exploration area, this licence shall automatically cease and determine as regards that part.

(3)

Any termination or partial termination of this licence shall be without prejudice to any obligation or liability imposed upon the Licensee or incurred by him under the terms and conditons of this licence.