SCHEDULES
C1SCHEDULE 7 Transfer of relevant activities in connection with railway administration orders
Application of Schedule
1
1
This Schedule shall apply in any case where—
a
the court has made a railway administration order in relation to a protected railway company (“the existing appointee"); and
b
it is proposed that, on and after a date appointed by the court, another company (“the new appointee") should carry on the relevant activities of the existing appointee, in place of the existing appointee.
2
In this Schedule—
“the court”, in the case of any protected railway company, means the court having jurisdiction to wind up the company;
“other appointee” means any company, other than the existing appointee or the new appointee, which is the holder of a licence under section 8 of this Act F1or of a F2railway undertaking licence and which may be affected by the proposal mentioned in sub-paragraph (1)(b) above;
“the relevant date” means such day, being a day before the discharge of the railway administration order takes effect, as the court may appoint for the purposes of this Schedule; and
“special railway administrator”, in relation to a company in relation to which a railway administration order has been made, means the person for the time being holding office for the purposes of section 59(1) of this Act.
3
Any reference in this Schedule to “assignment” shall be construed in Scotland as a reference to assignation.
Sch. 7 restricted (18.12.1996) by 1996 c. 61, s. 19(7)