(1) A passenger terminal licence or a general licence:
(a) comes into force on the date stated in the licence document or, if no date is stated, the date on which the licence is granted; and
(b) subject to this Part, remains in force until the expiry or earlier termination of the lease or sub - lease of the airport site or part of the airport site on which the licensed premises are situated.
(2) A function licence:
(a) comes into force on the date stated in the licence document or, if no date is stated, the date on which the licence is granted; and
(b) subject to this Part, remains in force until the earlier of:
(i) the end of the last trading hour permitted under the conditions of the licence; and
(ii) the end of the period of 1 month beginning on the day the licence comes into force.