Paragraph 9 Payment of consideration for licenceF1I1
United Kingdom
The Licensee shall make to the Minister as consideration for the grant of this licence—
payments of royalty in accordance with clauses 10 and 11 of this licence; and (b)payments in accordance with Schedule 2 to this licence.
The Licensee shall not by reason of determination of the licence or surrender of any part of the licensed area be entitled to be repaid or allowed any sum payable to the Minister pursuant to this licence before the date of determination or surrender.
Annotations
Textual amendments
- F1
Regulations (except reg. 9(2)(c), Sch. 5) cease to have effect (for specified purposes) (30.6.2015) by The Petroleum Licensing (Applications) Regulations 2015 (S.I. 2015/766), regs. 1, 3 (with reg. 4(7))
Commencement
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Sch. 3 clause 9 in force at 30.6.1995, see reg. 1