Section 59(2)

The conditions referred to in paragraph (1)(c) are that— all the terms and conditions of such drawdowns or disbursements— were agreed before— in the case of a category 1 loan, 15th September 2014; in the case of a category 2 loan, a category 3 loan or a category 4 loan, 1st March 2022; in the case of a category 5 loan, 29th October 2022; in the case of a category 6 loan, 16th December 2022; have not been modified on or after that date; and a contractual maturity date has been fixed for the repayment in full of all funds made available and for the cancellation of all the rights and obligations under the arrangement.

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Source: legislation.gov.uk · retrieved 2026-08-30