Paragraph 2

In paragraph 3(2), for the words from “that amount” to the end of the sub-paragraph, there shall be substituted—

“(a)

there are at least 7 incremental periods in the period of deferment;

(b)

there are at least 5 incremental periods in the period of deferment and the amount of the increment for at least one of those periods is calculated in accordance with paragraph 4(2); or

(c)

paragraph 2(1)(b) applies and there is at least one incremental period before the first day of the first accrual period.”.