SCHEDULES
SCHEDULE 2Treasury licences: purposes
PART 3Purposes relating only to non-UN designated persons
Prior obligations
8.
To enable, by the use of a designated person's frozen funds or economic resources, the satisfaction of an obligation of that person (whether arising under a contract, other agreement or otherwise), provided that—
(a)
the obligation arose before the date on which the person became a designated person, and
(b)
no payments are made to another designated person, whether directly or indirectly.