Public-private partnership project companiesU.K.
[F117(1)For the purposes of paragraph 15 a project has “step-in rights” if a person who provides finance in connection with the project has a conditional entitlement under an agreement to—
(a)assume sole or principal responsibility under an agreement for carrying out all or part of the project, or
(b)make arrangements for carrying out all or part of the project.
(2)In sub-paragraph (1) a reference to the provision of finance includes a reference to the provision of an indemnity.]