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Paragraph 3 Term of licence

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

  • Sch. 6 incorporated in part (with modifications) (temp.) by Petroleum Act 1998 s. 5 Sch. 1 para. 25-27

This licence unless sooner determined under any of the provisions hereof shall be and continue in force for the term of twenty years next after [ ]; but if the terms and conditions hereof are duly performed and observed it may be continued for a further period or periods under clause 4.