27 Limitations on exercise of Secretary of State’s powers under sections 25 and 26.U.K.
(1)Section 25 or (as the case may be) section 26 of this Act only has effect—
(a)if on the termination or (as the case may be) on the expiry or termination of the Concession the Secretary of State is satisfied that there is a reasonable prospect of agreement on a new Concession in the near future; and
(b)until either there is such agreement and the new Concession comes into operation or (as the case may be) he ceases to be so satisfied.
(2)Where either of those sections ceases to have effect on the coming into operation of a new Concession, this section is without prejudice to the subsequent operation of either of those sections on the expiry or termination of the new Concession.