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Article 15 Interpretation of Part III

Northern Ireland

(1)

In this Part—

  • “basic service” means the provision of—

    1. (a)

      means of communication;

    2. (b)

      power, lighting or heating; or

    3. (c)

      any other service on which undertakings depend, including housing, water supplies, drainage and other facilities for meeting the requirements of persons employed in industrial undertakings;

  • F1“holding company” and “subsidiary” have the meanings given by F2section 1159 of the Companies Act 2006;

  • “public utility undertaking” includes any company or authority which carries on a gas, electricity or public transport or harbour undertaking.

(2)

In this Part references to the guaranteeing of a loan shall be construed as references to guaranteeing (whether wholly or in part and whether solely or jointly with other guarantors) the payment either of the interest or of the principal, or of both, of the loan.

Annotations

Textual amendments

F1

1990 NI 10

F2

Words in art. 15(1) in definition of "holding company" and "subsidiary" substituted (1.10.2009) by Companies Act 2006 (Consequential Amendments, Transitional Provisions and Savings) Order 2009 (S.I. 2009/1941), art. 2(1), Sch. 1 para. 53 (with art. 10)