Article 7 Benefit of the Order
Subject to paragraph (4), the undertaker may—
transfer to another person (“the transferee”) any or all of the benefit of the provisions of this Order (including any of the numbered works) and such related statutory rights as may be agreed in writing between the undertaker and the transferee; or
grant to another person (“the lessee”) for a period agreed between the undertaker and the lessee any or all of the benefit of the provisions of this Order (including any of the numbered works) and such related statutory rights as may be so agreed in writing between the undertaker and the lessee.
Where an agreement has been made in accordance with paragraph (1) references in this Order to the undertaker, except in paragraphs (3), (5) and (6), include references to the transferee or lessee.
The exercise by a person of any benefits or rights conferred in accordance with any transfer or grant under paragraph (1) is subject to the same restrictions, liabilities and obligations as would apply under this Order if those benefits or rights were exercised by the undertaker.
Where consent of the Secretary of State is not required pursuant to paragraph (4), the undertaker must notify the Secretary of State in writing before transferring or granting a benefit referred to in paragraph (1).
The notification referred to in paragraph (5) must—
be signed by the undertaker and the transferee or lessee;
include the name and contact details of the person to whom the benefit of the powers will be transferred or granted;
contain details of the powers to be transferred or granted;
include details of the restrictions, liabilities and obligations that will apply to the person exercising the powers transferred or granted;
where only part of the benefit of the Order is being transferred or granted, include a plan showing the works or areas to which the transfer or grant relates; and
specify the date on which the transfer will take effect (such date to be no earlier than one week from the date of the receipt of the notification).