50Request by applicant for grant of licence

#### 50 Request by applicant for grant of licence 50 Request by applicant for grant of licence > > (1) Where, at the expiration of the period specified in an instrument under section 48 (1), only 1 application has been made under that subsection in respect of the block specified in the instrument, the Minister may reject the application or may, by instrument in writing served on the applicant, inform the applicant that the Minister is prepared to grant to the applicant a licence in respect of that block. > > > (2) Where, at the expiration of the period specified in an instrument under section 48 (1), 2 or more applications have been made under that subsection in respect of the block specified in the instrument, the Minister may reject any or all of the applications and, if the Minister does not reject all of the applications, may— > > > > > (a) if only 1 application remains unrejected—by instrument in writing served on the applicant, or > > > > > (b) if 2 or more applications remain unrejected—by instrument in writing served on the applicant, or on 1 of the applicants, whose application has not been rejected and who has specified in the application an amount, or a rate of royalty, that the applicant would be prepared to pay that is not less than the amount, or the rate of royalty, specified in the application of any other applicant whose application has not been rejected, > > > > inform the applicant— > > > > > (c) that the Minister is prepared to grant to the applicant a licence in respect of that block, and > > > > > (d) that the applicant will be required to pay— > > > > > > > (i) the amount specified in the application, > > > > > > > (ii) royalty at the rate specified in the application, or > > > > > > > (iii) royalty at the rate specified in the application and the amount specified in the instrument under section 48 (1), > > > > > > as the case may be. > > > (3), (4) (Repealed) > > > (5) An instrument under any of the preceding provisions of this section shall contain— > > > > > (a) a summary of the conditions subject to which the licence is to be granted, > > > > > (b) a statement of the balance of the amount, if any, that the applicant will be required to pay in respect of the grant of the licence to the applicant, and > > > > > (c) a statement to the effect that the application will lapse— > > > > > > > (i) if the applicant does not make a request under subsection (6), or > > > > > > > (ii) in a case where the instrument contains a statement referred to in paragraph (b)—if the applicant does not pay the balance of the amount referred to in that statement or enter into an agreement under section 110 in respect of that balance. > > > > > > > (iii) (Repealed) > > > (6) An applicant on whom there has been served an instrument under any of the preceding provisions of this section may, within a period of 3 months after the date of service of the instrument on the applicant, or within such further period, not exceeding 3 months, as the Minister, on application in writing served on the Minister before the expiration of the firstmentioned period of 3 months, allows— > > > > > (a) by instrument in writing served on the Minister, request the Minister to grant to the applicant the licence, and > > > > > (b) if the firstmentioned instrument contains a statement of the balance of an amount that the applicant will be required to pay in respect of the grant of the licence to the applicant—pay that balance or enter into an agreement under section 110 in respect of that balance. > > > > > (c) (Repealed) > > > (7) Where an applicant on whom there has been served an instrument under subsection (1) or (2)— > > > > > (a) has not made a request under subsection (6), or > > > > > (b) if the instrument contains a statement of the balance of an amount that the applicant will be required to pay in respect of the grant of a licence to the applicant—has not paid that balance or entered into an agreement under section 110 in respect of that balance, > > > > > (c) (Repealed) > > > > within the period applicable under subsection (6), the application lapses upon the expiration of that period. > > > (8) Where the application of an applicant on whom there has been served an instrument under subsection (2) lapses as provided by subsection (7), subsection (2) applies in respect of the application or applications, if any, then remaining unrejected. > > **s 50:** Am 1991 No 85, Schs 1 (10), 2 (15).