(a) revoke a write-down order, or
(b) vary (or further vary) a write-down order.
(2) Section 377A(2)(b) applies to the making of an order under this section as it applies to the making of the write-down order.
(3) In varying (or further varying) a write-down order the court may, in particular -
(a) remove one or more of the insurer's liabilities from the scope of the order (but removing all such liabilities from the scope of the order takes effect as a termination of the order);
(b) bring one or more of the insurer's liabilities within the scope of the order (on such terms as the court may specify);
(c) further reduce the value of one or more of the insurer's liabilities;
(d) increase the value of one or more of the insurer's liabilities to any amount less than the value the liability had before the write-down order took effect;
(e) vary any term specified in the order, including the period for which a reduction in the value of a liability has effect;
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