Article 7 - Purposes of administration

(1) The Administrator of a Company must perform his functions with the objective of:
(A) rescuing the Company, or the whole or any part of its undertaking, as a going concern;
(B) achieving a better result for the Company's creditors as a whole than would be likely if the Company were wound up without first being in administration; and
(C) realising property in order to make a distribution to one or more Secured Creditors.
(2) Subject to (4), the Administrator of a Company must perform his functions in the interests of the Company's creditors as a whole.
(3) The Administrator must perform his functions with the objective specified in (1)(A) unless he thinks either:
(A) that it is not reasonably practicable to achieve that objective; or
(B) that the objective specified in (1)(B) would achieve a better result for the Company's creditors as a whole.
(4) The Administrator may perform his functions with the objective specified in (1)(C) only if:
(A) he thinks that it is not reasonably practicable to achieve either of the objectives specified in (1)(A) and (B); and
(B) he does not harm the interests of the creditors of the Company as a whole unless it is necessary to do so.
(5) The Administrator of a Company must perform his functions as quickly and efficiently as is reasonably practicable.