CHAPTER IIIU.K.Primary requirements and release or forfeiture of the security
Article 53U.K.Primary requirements
Maintenance of the tenders after the time limit referred to in Article 40(4)(b) and the payment of the price in accordance with Article 49 shall constitute primary requirements within the meaning of Article 20 of Regulation (EEC) No 2220/85.
Article 54U.K.Release and forfeiture of the security
1.For unsuccessful tenderers, the security as provided for in Article 44 shall be released immediately after the decision referred to in Article 46(2) and 50(2).
2.For successful tenderers, the security shall be released in respect of the quantities for which the selling price has been paid in accordance with Article 49.
3.Except in cases of force majeure, the security shall be forfeited in respect of quantities for which the payment has not been made in accordance with Article 49 and the sale shall be cancelled in respect of these quantities not paid.