8If at any time—
(a)after the [F1Corporation] have served an acceptance notice in respect of a retained interest, and
(b)before the date on which compensation becomes payable in respect of that interest,
the [F1Corporation] enter into an agreement in that behalf with the person who for the time being has the right to receive any such compensation, then, on payment to that person of such consideration as may be agreed, the [F1Corporation] shall be relieved of any contingent liability under subsection (4) or subsection (6) of section 3 of this Act in respect of that retained interest; and where any such agreement is entered into, paragraph 7 above shall apply in relation to the payment of the consideration agreed as it applies in relation to a payment of compensation at the time referred to in that paragraph.
Textual Amendments
F1Sch. 2 para. 8: for "Board" and "Board's" wherever they occur in the Act (with specified exceptions) there is substituted "Corporation" and "Corporation's" by Coal Industry Act 1987 (c. 3, SIF 86), s. 1(2), Sch. 1 para. 28(2).