Prescribed Part definition
Prescribed Part has the meaning given to it in paragraph 63 (Prescribed Part) of Section 1 Part H (Prescribed information).
Prescribed Part means a proportion of the net property of the Company achieved from floating charge asset realisations which must be made available for the unsecured creditors of the Company in accordance with section 176A of the Act;
Prescribed Part means the amount of floating charge realisations that the insolvency officeholder must set aside for the benefit of unsecured creditors in accordance with section 176A of the Insolvency ▇▇▇ ▇▇▇▇ and Article 3 of The Insolvency ▇▇▇ ▇▇▇▇ (Prescribed Part) Order 2003 (in each case, as may be amended or re-enacted from time to time).
Examples of Prescribed Part in a sentence
Locations Use Prior month ending balance Prescribed Part of Floating Charge Run mid month report Other Inventory Reserves Use Prior month ending balance I hereby certify that this is the Bi-Monthly Report provided pursuant to clause 7.4.1(c) (Reporting) of the common terms deed dated 31 January 2006 and made between, among others, Millennium Inorganic Chemical Limited, Banc of America Securities LLC as Arranger and Bank of America N.A. as Agent and Security Trustee.