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SCHEDULE 10Protective provisions

PART 7For the protection of the Canal and River Trust

Capitalised sums

97.  Any capitalised sum which is required to be paid under this Part must be calculated by multiplying the reasonable cost of the maintenance or renewal works to the waterway necessitated as a result of the operation of the authorised development by the number of times that the maintenance or renewal works will be required during the operation of the authorised development.