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Insolvency Act 1986
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- UK Public General Acts
- 1986 c. 45
- SCHEDULE 2A
- Paragraph 5
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- 15/09/2003- Amendment
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Valid from 15/09/2003
DebtE+W+S
[F15The debt of at least £50 million referred to in section 72B(1)(a) or 72E(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).]
Textual Amendments
F1Sch. 2A inserted (15.9.2003) by 2002 c. 40, s. 250(2), 279, Sch. 18 (with s. 249(6)); S.I. 2003/2093, art. 2(1), Sch. 1 (subject to arts. 3-8 (as amended by S.I. 2003/2332, art. 2))
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