Schedule 3: Winding-up and Bankruptcy Petitions Interpretation
Paragraph 4 provides definitions of terms used throughout this Schedule. References to the "tenant" in Schedule 3 include guarantors, anyone else who is liable on an indemnity basis for payment of rent under a business tenancy, and former tenants who are liable for the payment of rent under a business tenancy. The effect of this is that Schedule 3’s provisions on winding up and bankruptcy apply to petitions and orders against tenants; and also, where such persons are liable for protected rent debt, against guarantors, including where an indemnity has been provided, and former tenants whether they remain liable under an authorised guarantee agreement or due to privity of contract.