Paragraph 4 Automatic termination of licenceF1I1
United Kingdom
This licence shall automatically cease and determine—
on the termination of the principal licence, and
on the grant of a petroleum exploration and development licence in respect of an area which includes the whole of the exploration area.
Where a petroleum exploration and development licence is granted in respect of part of the exploration area, this licence shall automatically cease and determine as regards that part.
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 conditions of this licence.
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
- I1
Sch. 4 clause 4 in force at 30.6.1995, see reg. 1