Finance Leasing Manual - FLM37.14

Part II Schedule 12: second condition: terms of contract conditional at 26/11/96

The second (alternative) requirement (see FLM37.13) is that instead the following three conditions are satisfied:

• the contract is unconditional or, if the contract is conditional, the conditions are satisfied by the following deadline - either:

• by 31 January 1997 or, if later, six months after the written contract is made, or

• within such further time as the Board may allow (see below);

• no terms remain to be agreed after that deadline; and

• the contract in its final from is not 'materially different' from the contract as it stood when it was made (see FLM37.18).

Requests for the Board to exercise their power to extend the deadline mentioned above should be referred to BTD4 Leasing.