Version Superseded: 26/06/2020
Point in time view as at 06/04/2003. This version of this provision has been superseded.
Insolvency Act 1986, Paragraph 4J is up to date with all changes known to be in force on or before 09 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
[F1[F24J(1)For the purposes of paragraph 4B a project has “step-in rights” if a person who provides finance in connection with the project has a conditional entitlement under an agreement to—
(i)assume sole or principal responsibility under an agreement for carrying out all or part of the project, or
(ii)make arrangements for carrying out all or part of the project.
(2)In sub-paragraph (1) a reference to the provision of finance includes a reference to the provision of an indemnity.]]
Textual Amendments
F1Sch. A1 inserted (11.5.2001 so far as is necessary to give effect to Sch. A1 paras. 5, 45(1)-(3)(5) and 1.1.2003 in so far as not already in force) by 2000 c. 39, s. 1, Sch. 1 para. 4; S.I. 2001/1751, art. 2; S.I. 2002/2711, art. 2 (subject to transitional provisions in arts. 3-5)
F2Sch. A1 paras. 4A-4K inserted (1.1.2003) by S.I. 2002/1990, art. 3(3); S.I. 2002/2711, art. 2 (subject to transitional provision in arts. 3-5 of the commencing S.I.)
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