[(1) During a moratorium, the company may make one or more relevant payments to a person that (in total) exceed the specified maximum amount only if—
(a) the monitor consents,
(b) the payment is in pursuance of a court order, or
(c) the payment is required by section A31(3) or A32(3).
(2) In subsection (1)—
“relevant payments” means payments in respect of pre-moratorium debts for which the company has a payment holiday during the moratorium (see section A18);
“specified maximum amount” means an amount equal to the greater of—
(a) £5000, and
(b) 1% of the value of the debts and other liabilities
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