Permitted Purpose

Means a purpose of any or all of the following things:
(a) the Authorised Business of the Licensee;
(b) any business or activity of the Licensee to which the
Authority has given its consent under paragraph 6(c)
of Condition 9 (Independence and autonomy of the
Licensee); and
(c) any payment or transaction made or undertaken by
the Licensee in accordance with Part C of Condition
27 (Indebtedness and transfers of funds).

« Back to Glossary Index
Feedback
close slider