SCHEDULE 3
PART 1FORM OF APPLICATION FOR A TRANSMISSION LICENCE
Note
References to shares—
a
in relation to an applicant with a share capital, are to allotted shares;
b
in relation to an applicant with capital but no share capital, are to rights to share in the capital of the applicant;
c
in relation to an applicant without capital, are to interests—
i
conferring any right to share in the profits or liability to contribute to the losses of the applicant; or
ii
giving rise to an obligation to contribute to the debts or expenses of the applicant in the event of a winding up.