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Xsection 8 aparmwnrs availability12/24/2023 (b) in a case where this section applies by reason of an administrator of a company being appointed under paragraph 14 or 22 of Schedule B1 following filing with the court of a copy of notice of intention to appoint under that paragraph, the date on which the copy of the notice is filed, [ F3 (a) in a case where this section applies by reason of an administrator of a company being appointed by administration order, the date on which the administration application is made, (5) For the purposes of subsection (3), the onset of insolvency is. (b) becomes unable to pay its debts within the meaning of that section in consequence of the transaction under which the charge is created. (a) is at that time unable to pay its debts within the meaning of section 123 in Chapter VI of Part IV, or (4) Where a company creates a floating charge at a time mentioned in subsection (3)(b) and the person in favour of whom the charge is created is not connected with the company, that time is not a relevant time for the purposes of this section unless the company. (d) in either case, at a time between the filing with the court of a copy of notice of intention to appoint an administrator under paragraph 14 or 22 of Schedule B1 and the making of an appointment under that paragraph. [ F2 (c) in either case, at a time between the making of an administration application in respect of the company and the making of an administration order on that application, or (b) in the case of a charge which is created in favour of any other person, at a time in the period of 12 months ending with the onset of insolvency, F1. (a) in the case of a charge which is created in favour of a person who is connected with the company, at a time in the period of 2 years ending with the onset of insolvency, (3) Subject to the next subsection, the time at which a floating charge is created by a company is a relevant time for the purposes of this section if the charge is created. (c) the amount of such interest (if any) as is payable on the amount falling within paragraph (a) or (b) in pursuance of any agreement under which the money was so paid, the goods or services were so supplied or the debt was so discharged or reduced. (b) the value of so much of that consideration as consists of the discharge or reduction, at the same time as, or after, the creation of the charge, of any debt of the company, and (a) the value of so much of the consideration for the creation of the charge as consists of money paid, or goods or services supplied, to the company at the same time as, or after, the creation of the charge, (2) Subject as follows, a floating charge on the company’s undertaking or property created at a relevant time is invalid except to the extent of the aggregate of. (1) This section applies as does section 238, but applies to Scotland as well as to England and Wales. 245 Avoidance of certain floating charges.
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