SCHEDULES
F1SCHEDULE 1AEXCEPTIONS TO PROHIBITION ON APPOINTMENT OF ADMINISTRATIVE RECEIVER: SUPPLEMENTARY PROVISIONS
Debt
5.
he debt of at least £50 million referred to in Article 59B(1)(a) or 59F(2)(a)—
(a)
may be incurred at any time during the life of the capital market arrangement or financed project, and
(b)
may be expressed wholly or partly in foreign currency (in which case the sterling equivalent shall be calculated as at the time when the arrangement is entered into or the project begins).