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- Original (As made) - Welsh
This is the original version (as it was originally made).
42. Where a qualifying body is a party to the agreement, it will give notice in writing to the Relevant Body forthwith when—
(a)it passes a resolution or a court of competent jurisdiction makes an order that the contractor be wound up;
(b)circumstances arise which might entitle a creditor or a court to appoint a receiver, administrator or administrative receiver for the contractor;
(c)circumstances arise which would enable the court to make a winding up order in respect of the contractor; or
(d)the contractor is unable to pay its debts within the meaning of section 123 of the Insolvency Act 1986(1) (definition of inability to pay debts).
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