Paragraph 26 I1

In paragraph 99 (charges and liabilities upon vacation of office by administrator), in sub-paragraph (4), for the words from the beginning to “cessation”, where first occurring, substitute “ A sum falling within sub-paragraph (4A) ”.

After that sub-paragraph insert—

“(4A)

A sum falls within this sub-paragraph if it is—

(a)

a sum payable in respect of a debt or liability arising out of a contract that was entered into before cessation by the former energy administrator or a predecessor;

(b)

a sum that must be repaid by the company in respect of a grant that was made before cessation under section 165 of the Energy Act 2004 as is mentioned in subsection (4) of that section;

(c)

a sum that must be repaid by the company in respect of a loan made before cessation under that section or that must be paid by the company in respect of interest payable on such a loan;

(d)

a sum payable by the company under subsection (4) of section 166 of that Act in respect of an agreement to indemnify made before cessation; or

(e)

a sum payable by the company under subsection (5) of section 167 of that Act in respect of a guarantee given before cessation.”

In sub-paragraph (5) of that paragraph, for “(4)” substitute “ (4A)(a) ”.