In this Order unless the context otherwise requires -

"the Act" means the Building Societies Act 1986;

"creditors", in relation to a society extends to members holding shares in the society, other than deferred shares, as regards the principal of those shares and all interest due there on in accordance with their terms;

"issue terms" in relation to an issue of deferred shares means the provisions of a document which sets out, or of a connected series of documents which set out, the rights and obligations of the society and shareholders in respect of those shares;

"relevant consent" means consent applied for by the society otherwise than in consequence of a provision among the issue terms requiring the society so to apply or granting the society any benefit for so applying or imposing a sanction against failure so to apply;

"the Schedule" means the Schedule to this Order; and

"society" in relation to deferred shares means a society which proposes to issue or, as the case may be, has issued, such shares.