[F1Third exception: utilitiesN.I.
59D.—(1) Article 59A does not prevent the appointment of an administrative receiver of a project company of a project which—
(a)is a utility project, and
(b)includes step-in rights.
(2) In this Article—
(a)“utility project” means a project designed wholly or mainly for the purpose of a regulated business,
(b)“regulated business” means a business of a kind listed in paragraph 10 of Schedule 1A,
(c)“step-in rights” has the meaning given by paragraph 6 of that Schedule, and
(d)“project company” has the meaning given by paragraph 7 of that Schedule.]
F1Arts. 59A - 59J and preceding cross - heading inserted (27.3.2006) by Insolvency (Northern Ireland) Order 2005 (S.I. 2005/1455 (N.I. 10)), arts. 1(3), 5(1) (with art. 4); S.R. 2006/21, art. 2 (with S.R. 2006/22, arts. 2 - 7)