Term of Licence
This section has no associated Explanatory Memorandum
3.—(1) This Licence shall commence with the later of—
(a)the Start Date; and
(b)the date on which this licence was granted.
(2) Unless sooner determined under any of its provisions, and provided always that its terms and conditions continue to be performed and observed, this licence shall continue—
(a)for the Initial Term, subject to clauses 4, 6 and 9;
(b)for the Second Term, subject to clauses 5, 6 and 9; and
(c)for the Production Period, subject to clauses 7, 8 and 9.
(3) On expiry of the Production Period, the licence shall determine unless extended in accordance with clause 8.