35 Termination and variation of section 20(2) agreements by the [Authority]

35  Termination and variation of section 20(2) agreements by the [Authority]

(1) This section applies in any case where services for the time being provided under a section 20(2) agreement by the [Authority] or a wholly owned subsidiary of the [Authority] have been designated under section 23(1) above ....

(2) If, in a case where this section applies, a franchise agreement is entered into in respect of all the services for the time being provided under the section 20(2) agreement, the [Authority] shall serve a notice on the parties to the section 20(2) agreement terminating that agreement on such date (“the termination date”) as may be specified in the notice.

(3) Where notice is served under subsection (2) above, the parties to the section 20(2) agreement—

(a) shall

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