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8.—(1) If OFCOM receive notice from the holder of a licence to which regulation 4, regulation 6, or regulation 7 applies of its intention to make payment in ten equal instalments of the total sum prescribed in any of those regulations, that holder of a licence—
(a)shall not be required to make payment of that total sum at the prescribed time other than in accordance with this paragraph; and instead
(b)shall make payment of the sum in ten equal instalments with the first instalment to be paid to OFCOM on the day which shall be the same day as the total sum was due to be paid to OFCOM and each subsequent instalment to be paid on the same day in each of the nine consecutive months thereafter (or in a month in where there is no such day, on the last day of the month).
(2) Where at any time the holder of a licence fails to make payment in accordance with paragraph (1)(b), all of the outstanding instalment payments, if any, shall become immediately due for payment.
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