UCL Handbook 2015 2016

paid (in cleared funds) to the supervisor of its CVA or its administrator, sufficient funds to pay all its creditors in full (100p in the £) and to cover the costs of the CVA or the administration and confirmation of this fact has been received in writing from the supervisor/administrator; or paid (in cleared funds) sufficient to settle in full (100p in the £) any debts owed to creditors outside a CVA “Pitch” means a Grass Pitch or Football Turf Pitch. “ Pitch Test” means the test(s) conducted by a FIFA accredited field test institute or UKAS accredited test institute in accordance with the requirements of the FIFA Quality Concept or IATS. “Player” means any Contract Player, Non Contract Player or other Player who plays or who is eligible to play for a Club “Players’ Agent” means a person who, for reward, represents, negotiates on behalf of, advises or otherwise acts for a Principal in the context of either the transfer of a player’s registration, the terms of a contract between a player and a Club or the terms of a contract between a manager and a Club. “Playing Season” means the period between the date on which the first league fixture in the Competition is played each year until the date on which the last league fixture in the Competition is played. For Clubs participating in play off matches this does include the period when play off matches are played. “Play Off Position” means the position of a Club in the table at the end of each Playing Season which is provided for in Rule 13 as qualifying the Club to take part in a playoff match to qualify for promotion to the next step of football for the next Playing Season “Principal” means a Club, a manager, an official of a Club, or a player employing an Agent for one of the purposes set out in the definition of Agent above “Rules” means these rules under which the Competition is administered “Satisfied” shall mean that a creditor has consented, and provided evidence of such, to accept a sum in full and final settlement of its debt from a Club. For the avoidance of doubt, a vote to approve a Company Voluntary Arrangement (‘CVA’) by the creditors of a Club, held in accordance with Insolvency Law in operation from time to time, shall deem those debts admitted to the CVA as being Satisfied. The Board shall determine at its absolute discretion whether an amount is Satisfied under the Rules “Scholar” means a player aged sixteen or over who has signed a Scholarship with a Premier League or Football League Club or licensed Football Conference Club, and who has completed a registration form for Scholars in accordance with FA Rules and Regulations “Scholarship” means a Scholarship as set out in Rule C 3 (a) (i) of the Rules of the FA “Secured” shall mean that one of the following legally recognised undertakings has been provided for the payment of the specified sum in full by the AGM at the end of the Playing Season in which the transfer of membership takes place: (i) A solicitor’s undertaking for the full amount outstanding; In each case to be paid and satisfied in full by no later than the AGM at the end of the Playing Season in which the transfer took place. The Board shall determine at its absolute discretion whether an amount is Secured or Satisfied under the Rules “Short Term Loan” means a loan transfer for a period of no fewer than 28 days and no more than 93 days in any one season “Significant Interest” means the holding and/or possession of the legal or beneficial interest in, and/or the ability to exercise the voting rights applicable to, shares or other securities in the Club which confer in aggregate on the holder(s) thereof ten (10) per cent or more of the total voting rights exercisable in respect of the Shares of any class of Shares of the Club. All or part of any such interest may be held directly or indirectly or by contract including, but not limited to, by way of membership of any group that (ii) A bank guarantee is held for the full amount outstanding;

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