the CAA said - Heathrow Airport

CAP 1027
Appendix B: Heathrow Airport Limited Licence (April 2013 draft)
Change to contractual ring fence
10. The Licensee shall not amend, vary, supplement or modify or concur
in the amendment, variation, supplementation or modification of any of
the finance documents in respect of credit rating requirements
(whether in each case in the form of a written instrument, agreement
or document or otherwise) (a “Variation”) unless it has given prior
written notice thereof to the CAA. The Licensee shall, as soon as
reasonably practicable:
a) notify the CAA of the possibility of any such Variation; and
b) provide a summary of the executed change.
11. The provisions of this Condition shall not apply to any administrative
or procedural Variation.
Definition
12. In this Condition 8 the Covenantor means a company or other person
which is at any time an ultimate holding company of the Licensee.
Condition 9: Continuity of service plan
1. The purpose of the continuity of service plan shall be to describe in
detail the legal, regulatory, operational and financial information that
an administrator, receiver, new management or similar could
reasonably be expected to require in order for it to efficiently carry out
its functions and to remain compliant with its aerodrome licence.
2. The Licensee shall prepare and at all times maintain a continuity of
service plan fulfilling the requirements of Condition [9.]1.
3. The continuity of service plan prepared under Condition [9.] 2 shall be
submitted to the CAA as follows:
a) the first continuity of service plan shall be submitted as soon
as practicable, and in any event not later than [1 October
2014];
b) subsequent continuity of service plans within [ ] business days
of the CAA's written request.
4. The form, scope and level of detail of the plan referred to in this
Condition shall be approved by the CAA, (such approval not to be
unreasonably withheld or delayed).
April 2013 Page 272