Administration ordersN.I.
1.—(1) Where any right to appoint an administrative receiver of a company is conferred by any debentures or floating charge created before the commencement date, the conditions precedent to the exercise of that right are deemed to include the presentation of a petition applying for an administration order to be made in relation to the company.N.I.
(2) In sub‐paragraph (1) “administrative receiver” has the meaning assigned by Article 5(1).