SCHEDULES

SCHEDULE 11E+W+S Transitional Provisions and Savings

Part IE+W+S Company Insolvency and Winding Up

Administration ordersE+W+S

1(1)Where any right to appoint an administrative receiver of a company is conferred by any debentures or floating charge created before the appointed day, the conditions precedent to the exercise of that right are deemed to include the presentation of a petition applying for an administration order to be made in relation to the company.E+W+S

(2)“Administrative receiver” here has the meaning assigned by section 251.