Paragraph 5 Payment of consideration for licenceF1I1
United Kingdom
The Licensee shall pay to the F2OGA during the term of this licence the consideration for the grant of this licence specified in the Schedule to this licence at the times and in the manner so specified.
The Licensee shall not by reason of the determination of this licence be entitled to be repaid or allowed any part of any sum payable to the OGA pursuant to 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))
- F2
Word in Sch. 5 clause 5 substituted (1.10.2016) by The Energy (Transfer of Functions, Consequential Amendments and Revocation) Regulations 2016 (S.I. 2016/912), regs. 1(1), 6(13)
Commencement
- I1
Sch. 5 clause 5 in force at 30.6.1995, see reg. 1