71(1)A TTH election in respect of a TTH asset—
(a)has effect, if it is approved in accordance with paragraph 61 or 62, from the licence transfer date,
(b)continues to have effect indefinitely in relation to seller, and
(c)continues to have effect in relation to the purchaser unless it is withdrawn in accordance with the provisions of this Schedule.
(2)References in this Schedule to the “effective date of a TTH election” are to be construed in accordance with sub-paragraph (1)(a).