PART 8 Grant Stage

CHAPTER 5 Completion of the award process

109 Refunds
Where, following the grant of licences, the total amount a bidder has on deposit at that time is an amount that is greater than the total auction sum payable by that bidder to OFCOM, OFCOM shall refund to that bidder a sum in pounds which is the difference between—
(a) the amount which is the total auction sum payable by that bidder to OFCOM (if any); and
(b) the amount the bidder has on deposit.