Chwilio Deddfwriaeth

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The Gas (Designation of Pipelines) Order (Northern Ireland) 2005

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  • Y Diweddaraf sydd Ar Gael (Diwygiedig)
  • Gwreiddiol (a wnaed Fel)

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Cessation of Designation

3.—(1) This Order shall cease to have effect where, on any date subsequent to the date on which this Order comes into operation –

(a)a licence granted under Article 8(1)(a) of the Gas Order authorising a person (“a relevant licensee”) to convey gas through that pipeline is revoked or assigned; or

(b)there is an insolvency event occurring in respect of a relevant licensee.

(2) For the purpose of paragraph (1)(b) an “insolvency event” occurs in relation to a relevant licensee if it:

(a)is deemed unable to pay its debts (within the meaning of Article 103(1) or (2) of the Insolvency Order) or if any voluntary arrangement is proposed in relation to it under Article 14 of the Insolvency Order;

(b)has a receiver (which expression shall include an administrative receiver within the meaning of Article 5(1) of the Insolvency Order) of the whole or any material part of its assets or undertaking appointed;

(c)has an administration order under Article 21 of the Insolvency Order made in relation to it;

(d)has any resolution for winding up passed in relation to it; or

(e)becomes subject to an order for winding up by a court of competent jurisdiction.

(3) In paragraph 2(a) the reference to Article 103(1) of the Insolvency Order shall be construed as, a reference to that provision as if in sub-paragraph (a) for “£750” there was substituted “£250,000”.

(4) For the purposes of paragraph (2)(a) a licensee shall not be deemed to be unable to pay its debts if any such demand as is mentioned in Article 103(1)(a) of the Insolvency Order, is being contested in good faith by that licensee with recourse to all appropriate measures and procedures.

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