SCHEDULES

F1SCHEDULE A1MORATORIUM WHERE DIRECTORS PROPOSE VOLUNTARY ARRANGEMENTF2

Annotations:
Amendments (Textual)
F2

mod. by SR 2004/307

PART IINTRODUCTORY

Step-in rights

14

1

For the purposes of paragraph 6 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—

a

assume sole or principal responsibility under an agreement for carrying out all or part of the project, or

b

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.