Textual Amendments
F1Word in the heading to Pt. VI substituted (subject to other provisions of the amending Act) (1.4.1996) by 1995 c. 25, s. 120, Sch. 22 para. 128 (with ss. 7(6), 115, 117); S.I. 1996/186, art. 3
(1)The period specified in an agreement under section 127 above as the period for which it is made shall not be less than five years.
(2)An agreement under section 127 above shall remain in force until the occurrence of whichever of the following events first occurs, that is to say—
(a)the period specified in the agreement, as mentioned in subsection (1) above, comes to an end;
(b)the applicant’s licence expires or is revoked;
(c)the applicant ceases to be the occupier of the relevant land or, if he has previously ceased to be the occupier of a part or parts of that land, ceases to be the occupier of the remainder of it;
(d)the agreement is terminated under subsection (4) below.
(3)At any time while an agreement under section 127 above is in force, the applicant may apply to the [F2Agency] to terminate the agreement.
(4)If, on an application for the termination of an agreement under section 127 above, the [F2Agency]is satisfied that, by reason of any change of circumstances since the agreement was made, it ought to be terminated, it may terminate the agreement, either unconditionally or subject to such conditions (whether as to any payment to be made by the applicant or otherwise) as the [F2Agency]and the applicant may agree.
Textual Amendments
F2Words in s. 128 substituted (subject to other provisions of the amending Act) (1.4.1996) by 1995 c. 25, s. 120, Sch. 22 para. 128 (with ss. 7(6), 115, 117); S.I. 1996/186, art. 3