5(1)This paragraph has effect where an agreement in force immediately before the coming into force of a provision of this Act removing a requirement for a relevant Broadcasting Act licence provides—
(a)for the agreement to cease to have effect, or
(b)for it to be capable of being terminated,
if a party to the agreement ceases to hold a relevant Broadcasting Act licence of a particular description, or so ceases in a manner described in the agreement.
(2)In this paragraph “relevant Broadcasting Act licence” means—
(a)a licence under Part 1 of the 1990 Act to provide a satellite television service or a licensable programme service;
(b)a licence under that Part to provide the service mentioned in section 49(2) of that Act;
(c)a licence under Part 2 of that Act to provide a local delivery service; or
(d)a licence under Part 3 of that Act to provide a formerly regulated radio service (within the meaning of section 251 of this Act).
(3)The agreement is not to cease to have effect, or to be capable of being terminated, by reason only of the coming into force of the provisions of this Act under which the requirement for the licence is removed.
(4)In relation to times after the commencement of the provision of this Act removing the requirement for a licence to provide a satellite television service or a licensable programme service, a reference to such a licence in the provision of the agreement in question is to have effect as a reference to a licence granted or having effect as if granted as a licence to provide a television licensable content service.
(5)In relation to times after the commencement of the provision of this Act removing the requirement for a licence to provide the service mentioned in section 49(2) of the 1990 Act, a reference to such a licence in the provision of the agreement in question is to have effect as a reference to a licence to provide the public teletext service.
(6)In relation to times after the commencement of the provision of this Act removing the requirement for a licence to provide a licensable sound programme service, a reference to such a licence in the provision of the agreement in question is to have effect as a reference to a licence to provide a radio licensable content service.
(7)References in this paragraph to a provision having effect if a person ceases to hold a licence include references—
(a)to a provision having effect if a licence of his expires without being renewed; and
(b)to a provision having effect if his licence is revoked.
(8)Expressions used in this paragraph and in Part 3 of this Act have the same meanings in this paragraph as in that Part.