UCL Handbook

lodging a Notice of Intention to Appoint an Administrator or Notice of Appointment of an Administrator at the Court in accordance with paragraph 26 or paragraph 29 of Schedule B1 to the 1986 Act, an application to the Court for an Administration Order under paragraph 12 of Schedule B1 to the 1986 Act (other than paragraph 12 (1)(c)) or where an Administrator is appointed or an Administration Order is made in respect of it (“‘Administrator” and “Administration Order” having the meanings attributed to them respectively by paragraphs 1 and 10 of Schedule B1 to the 1986 Act); or an Administrative Receiver (as defined by section 251 of the 1986 Act), a Law of Property Act Receiver (appointed under section 109 of the Law of Property Act 1925) or any Receiver appointed by the Court under the Supreme Court Act 1981 or any other Receiver is appointed over any assets which, in the opinion of the Board, are material to the Club’s ability to fulfill its obligations as a member of the League; or a winding up order is made by the Court under section 122 of the 1986 Act or a provisional liquidator is appointed under section 135 of the 1986 Act; or ceasing or forming an intention to cease wholly or substantially to carry on business save for the purpose of reconstruction or amalgamation or otherwise in accordance with a scheme of proposals which have previously been submitted to and approved in writing by the Board; or being subject to any insolvency regime in any jurisdiction outside England and Wales which is analogous with the insolvency regimes detailed in (a) to (g) above; and/or have any proceeding or step taken or any court order in any jurisdiction made which has a substantially similar effect to any of the foregoing. “Long Term Loan” means a loan transfer in excess of 93 days of a Player who is a qualifying Player within the terms of the Rules “Match Officials” means the referee, the assistant referees and any fourth official appointed to a Competition Match “Membership Year” means the period in each calendar year from the holding of one annual general meeting of the Company to the holding of the next annual general meeting “National League System” means the system of competitions controlled by the FA where promotion and relegation links exist between participating Leagues “Non Contract Player” means any Player (other than a Player on a Scholarship) who is eligible to play for a Club but has not entered into a written contract of employment “Officer” means an individual who is required to make an Owners’ and Directors’ Declaration by the FA “Owners’ and Directors’ Declaration” means a declaration to The FA required from an Officer from time to time “Paid in Full” shall mean when a Club has either 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 “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. shareholders passing a resolution pursuant to section 84(1) of the 1986 Act to voluntarily wind up; or a meeting of creditors is convened pursuant to section 95 or section 98 of the 1986 Act; or

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