domain name status

The domain name has expired. What steps will be taken by the Joint Administrators?

The Companies’ website and trading platform had been taken down prior to the Joint Administrators’ appointment. We were aware that the domain name from which the Companies traded, www.collateraluk.com, was being offered for sale at an online auction. Acquiring the domain name itself would not assist with the orderly wind down of the Companies’ affairs, so the Joint Administrators did not attempt to purchase the domain name.

8. SUSPENSION OF SERVICES

8.1 Liquid Web may suspend some or all of the Services without liability to Customer if Customer (i) fails to pay the applicable fees for the Services when due (ii) the Services are being used, have been used, or will, with commercially reasonable certainty, be used in breach of these Terms of Service; (iii) Customer fails to cooperate with an investigation of any suspected breach of the Acceptable Use provisions of these Terms of Service; (iv) Liquid Web reasonably believes that the Services have been accessed or utilized in any way by a third party without Customer’s consent, or (v) suspension of services is reasonably necessary to protect Liquid Web’s hosting environment and/or its customers.

8.2 Liquid Web will provide Customer reasonable advance notice of a suspension based on a violation of these Terms of Service and a chance to cure the violation on which the suspension is based, unless Liquid Web determines, in its reasonable commercial judgment, that an immediate suspension is necessary to protect Liquid Web’s network and its customers’ data from an imminent, significant operational, network integrity or security risk.

8.3 Suspensions based on Customer’s breach of these Terms of Service will not relieve Customer’s obligation to pay for the suspended Services during the period of suspension. Any suspension imposed under this paragraph will be terminated upon Customer’s cure of the breach causing the suspension. In the event the Customer is unable to cure the breach within fifteen (15) days from the date on which the breach occurred, the suspension may be treated as a termination for Cause. If Customer’s Services are compromised, then Customer must resolve the cause of the compromise before Liquid Web will reinstate service.

8.4 In the case that Service is suspended for Customer’s breach of these Terms of Service Liquid Web shall have the right to deny access to, and/or, destroy data stored on the compromised server or account. Liquid Web may at its own discretion allow access to a suspended account.

9. TERMINATION FOR CAUSE

9.1 Customer may, upon written notice, terminate an Order for breach of these Terms of Service if Liquid Web (i) materially fails to provide the Services as agreed and does not remedy that failure within fifteen (15) days of your written notice describing the failure; (ii) materially fails to meet any other obligation stated in the Order and does not remedy that failure within thirty (30) days of Customer’s written notice describing the failure.

9.2 Liquid Web may, upon written notice, terminate an Order if Customer (i) provided materially inaccurate or incomplete information of the purpose of obtaining the Services; (ii) Customer did not have the legal right or authority to enter the Order; (iii) Customer fails to make payment of any invoiced overdue amount within five (5) Business Days of our written notice of delinquency; (iv) Customer made payment arrangements via credit card or other third party, and the third party refuses to honor or reverses Liquid Web’s charges; (v) Customer is in breach of the Acceptable Use provisions of these Terms of Service and (v) Customer fails to comply with any other obligation stated in the applicable Order and does not remedy the failure within fifteen (15) days of Liquid Web’s written notice to Customer describing the failure.

9.3 Either party may terminate an Order with immediate effect on written notice if the other party (or we reasonably believe that the other party) (i) is unable to pay its debts; (ii) enters into compulsory or voluntary liquidation; (iii) convenes a meeting of its creditors; (iv) has a receiver or manager or an administrator appointed (or an application is made to the court for the same); or (v) ceases for any reason to carry on business or takes or suffers any similar action which means that it may be unable to pay its debts (each an "Insolvency Event"). Notwithstanding anything to the contrary in the Order, the fees for the Services shall become due immediately upon the occurrence of an Insolvency Event.