The holder of a replacement licence to provide Channel 51 may apply to Ofcom2, at any time in the review period3, for a review of the financial terms on which that replacement licence is held4. No such application for such a review may be made, however: (1) at any time when an application for a review is made in consequence of new obligations5, and the review is pending6; or (2) at any time in the period of 12
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