1(1)Sub-paragraph (2) below shall have effect for the purposes of, or in connection with, the vesting in the Commission by virtue of section 128(1) of this Act of property, rights or liabilities of the Cable Authority.U.K.
(2)Any agreement made, transaction effected or other thing done by or in relation to the Cable Authority which is in force or effective immediately before the transfer date shall have effect as from that date as if made, effected or done by or in relation to the Commission, in all respects as if the Commission were the same person, in law, as the Cable Authority; and accordingly references to the Cable Authority—
(a)in any agreement (whether or not in writing) and in any deed, bond or instrument,
(b)in any process or other document issued, prepared or employed for the purpose of any proceeding before any court or other tribunal or authority, and
(c)in any other document whatever (other than an enactment),
shall be taken as from the transfer date as referring to the Commission.
2(1)Where immediately before the transfer date there is in force an agreement which—U.K.
(a)confers or imposes on the Cable Authority any rights or liabilities which vest in the Commission by virtue of section 128(1), and
(b)refers (in whatever terms and whether expressly or by implication) to a member or officer of the Cable Authority,
the agreement shall have effect, in relation to anything falling to be done on or after the transfer date, as if for that reference there were substituted a reference to such person as the Commission may appoint or, in default of appointment, to the member or employee of the Commission who corresponds as nearly as possible to the member or officer of the Authority in question.
(2)References in this paragraph to an agreement include references to a deed, bond or other instrument.