SCHEDULES
SCHEDULE 3Powers of Associated British Ports
Restrictions on certain descriptions of financial arrangement
22
1
The Holding Company may from time to time impose restrictions on the descriptions of financial arrangement which may be entered into by Associated British Ports and its subsidiaries.
2
The Holding Company may, in particular, prohibit Associated British Ports and its subsidiaries from entering into specified descriptions of financial arrangement—
a
absolutely, or
b
without the consent of the Holding Company,
and may set a limit on the aggregate amount of the liabilities which Associated British Ports and its subsidiaries may incur in respect of arrangements of any specified description.
3
Restrictions imposed under this paragraph may be varied or revoked by the Holding Company from time to time.