SCHEDULE 4Licences or Consents for Certain Existing Services
Right of certain successors in title to grant of consent
4
Subject to paragraph 11 of this Schedule, where such a consent as is referred to in paragraph 3 of this Schedule granted to any person is continued in force in respect of a London bus service by the said paragraph 3, the Executive shall, on the application of a successor in title to the undertaking of that person so far as it consists of the provision of that service, grant to that successor in title—
(a)
except where the consent so continued was permanent, a consent on the like terms ; or
(b)
where the consent so continued was permanent, a consent such as to permit the continuation of that service by that successor in title in the same form for a period of one year.
5
Subject to paragraph 11 of this Schedule, while a consent granted by the Executive to any person in respect of a London bus service under paragraph 4 of this Schedule remains in force, the Executive shall on the application of any successor in title to the undertaking of that person so far as it consists of the provision of that service grant a consent on the same terms to that successor in title.