Article 6 Benefit of OrderI1

England and Wales

(1)

Subject to paragraph (2), the relevant provisions are for the benefit of the undertaker only.

(2)

The undertaker may, with the consent of the Secretary of State,—

(a)

transfer to another person (the “transferee”) any or all of the benefit of the relevant provisions and such related statutory rights as may be agreed between the undertaker and the transferee; or

(b)

grant to another person (the “lessee”) for a period agreed between the undertaker and the lessee any or all of the benefit of the relevant provisions and such related statutory rights as may be agreed between the undertaker and the lessee.

(3)

The exercise by a person of any benefits or rights conferred in accordance with any transfer or grant under paragraph (2) is subject to the same restrictions, liabilities and obligations as would apply under this Order if those benefits or rights were exercised by Tidal Lagoon (Swansea Bay) plc^f1 (company number 08141301).

(4)

In this Order, “undertaker” means—

(a)

in relation to a relevant provision or related statutory rights, Tidal Lagoon (Swansea Bay) plc or, where the benefit of a relevant provision or related statutory rights are transferred or granted under paragraph (2), any person who for the time being has the benefit of the provision or related statutory rights;

(b)

in the case of any other provision, Tidal Lagoon (Swansea Bay) plc or any other person who for the time being has the benefit of the provision under section 156 (benefit or order granting development consent) of the 2008 Act.

(5)

In this article, “relevant provision” means any of the following—

(a)

articles 9 to 11;

(b)

articles 13 to 37;

(c)

article 47.

Annotations

Commencement

I1: Art. 6 in force at 30.6.2015, see art. 1

Footnotes

f1: The registered office of Tidal Lagoon (Swansea Bay) plc is Suite 6 J Shed, Kings Road, Swansea SA1 8PL.