The Carbon Dioxide Transport and Storage (Licensed Operators) Administration (England and Wales) Rules 2025
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
As published
82 Adjustment where dividend paid before time
(1) Where a creditor has proved for a debt of which payment is not due at the date of the declaration of a dividend, the creditor is entitled to the dividend equally with other creditors, but subject as follows.
(2) For the purpose of dividend (and no other purpose), the amount of the creditor’s admitted proof (or, if a distribution has previously been made to the creditor, the amount remaining outstanding in respect of the creditor’s admitted proof) is to be reduced by applying the following formula—
Amount
£
=
C
×
106
%
±
D
%
-
6
%
3
where—
“x” is the value of the admitted proof, and
“n” is the period beginning with the date on which the T&S company entered T&S administration and ending with the date on which the payment of the creditor’s debt would otherwise be due expressed in years (part of a year being expressed as a decimal fraction of a year).
Your change, as a redline
82 Adjustment where dividend paid before time
(1) Where a creditor has proved for a debt of which payment is not due at the date of the declaration of a dividend, the creditor is entitled to the dividend equally with other creditors, but subject as follows.
(2) For the purpose of dividend (and no other purpose), the amount of the creditor’s admitted proof (or, if a distribution has previously been made to the creditor, the amount remaining outstanding in respect of the creditor’s admitted proof) is to be reduced by applying the following formula—
Amount
£
=
C
×
106
%
±
D
%
-
6
%
3
where—
“x” is the value of the admitted proof, and
“n” is the period beginning with the date on which the T&S company entered T&S administration and ending with the date on which the payment of the creditor’s debt would otherwise be due expressed in years (part of a year being expressed as a decimal fraction of a year).
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