SCHEDULES
SCHEDULE 3Treasury licences: purposes
Prior obligations
9.
To enable, by the use of a designated person's frozen funds or economic resources, the satisfaction of an obligation of that person (whether arising under a contract, other agreement or otherwise), provided that—
(a)
the obligation arose before the date on which the person became a designated person, and
(b)
no payments are made to another designated person, whether directly or indirectly.