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Contravention of term on which grant is made.
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5.—Where—
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(a) a grant is made after the passing of this Act under the Principal Act, the Act of 1957 or the Act of 1959,
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(b) the grant is made subject to any term restricting the disposal of factory sites or premises, or machinery and equipment (or any part of such sites or premises or such machinery and equipment) or, if the grantee is a company, shares in its capital, and
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(c) there is a contravention of such term,
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the amount paid to the grantee in respect of the grant shall thereupon become repayable by the grantee to An Foras Tionscal and, in default of being repaid, shall be recoverable as a simple contract debt in any court of competent jurisdiction.
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