219 Interpretation of this Part

In this Part, unless the context requires otherwise —

„administration order“ means an order of the Court under section 246 in
relation to a protected cell company or any cell thereof;
„administrator“ means a person appointed as such by an administration order
and as referred to in section 246(3);
„cell securities“ means securities created and issued by a protected cell
company in respect of any of its cells;
„cell shares“ means shares created and issued by a protected cell company
in respect of any of its cells;
„cell share capital“ means the proceeds of the issue of cell shares, which
shall be comprised in the cellular assets attributable to that cell;
„cell transfer order“ means an order of the Court under section 238 (3)
sanctioning the transfer of the cellular assets attributable to any cell of a
protected cell company to another person;
„cellular assets“ of a protected cell company means the assets of the
company attributable to the company‘s cells pursuant to section 228(4);
„core“, in relation to a protected cell company, means as defined in section 226;
„core assets“ of a protected cell company comprise the assets of the company
which are not cellular assets;


„creditors“ includes present, future and contingent creditors and, in relation to
a protected cell company which is a mutual fund as defined under section 2 of
the Mutual Fund and Hedge Fund Act, also includes any investor as defined
under section 2 of that Act;
„protected assets“ means —
(a) any cellular assets attributable to any cell of a protected cell
company, in respect of a liability not attributable to that cell; and

(b) any core assets, in respect of a liability attributable to a cell;

„receiver“ means a person appointed as such by a receivership order and as
referred to in section 240(3);
„receivership order“ means an order of the Court under section 240 in relation
to a cell of a protected cell company; and
„recourse agreement“ means as defined in section 229.