49Request by applicant for grant of licence

#### 49 Request by applicant for grant of licence (1) Where, at the expiration of the period specified in an instrument under subsection 47(1), only one application has been made under that subsection in respect of the block specified in the instrument, the Joint Authority may reject the application or may, by instrument in writing served on the applicant, inform him that it is prepared to grant to him a licence in respect of that block. (2) Where, at the expiration of the period specified in an instrument under subsection 47(1), 2 or more applications have been made under that subsection in respect of the block specified in the instrument, the Joint Authority may reject any or all of the applications and, if it does not reject all of the applications, may: (a) if only one 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 one of the applicants, whose application has not been rejected and who has specified in his application an amount that he would be prepared to pay that is not less than the amount specified in the application of any other applicant whose application has not been rejected; inform him that it is prepared to grant to him a licence in respect of that block and that he will be required to pay the amount specified in the application. (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 him; 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. (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 him, or within such further period, not exceeding 3 months, as the Designated Authority, on application in writing served on him before the expiration of the first‑mentioned period of 3 months, allows: (a) by instrument in writing served on the Designated Authority, request the Joint Authority to grant to him the licence; and (b) if the first‑mentioned 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 him—pay that balance. (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 him—has not paid that balance; 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.