(i) In this section -
'specified loan', in relation to a company, means -
(I) any loan or advance made to the company before 6 February 2003 (other than a loan referred to in paragraph (II)), or
(II) any loan or advance in respect of which any interest paid is, or if charged would be, deductible if the company were within the charge to Irish tax -
(A) in computing the company's profits or gains for the purposes of Case I of Schedule D, or
(B) in computing the company's profits or gains for the purposes of Case V of Schedule D;
'relevant period', in relation to a loan to which section 247 applies, means the period beginning 2 years before the date of application of the proceeds of the loan and ending on the date of application of the proceeds of the loan.
(ii) Where at any time in the relevant period in relation to a loan to which section 247 applies the investing company recovered any amount of capital from the company concerned, other than a repayment in respect of a specified
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