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SECTION C SECTION C

Original text. Later amendments are not shown.

The aggregate value of any bridging debt owed to a society shall, for the purposes of section 20 of the Act, comprise the aggregate of the amounts outstanding in respect of—

(a)

the principal sum lent,

(b)

any interest on that principal sum, and

(c)

any other sums required to be paid to the society under the terms of the bridging loan under which the bridging debt is owed.