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Gas Industry (Residual Provisions) Act 1994
122Substitution of party to agreement
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122 Substitution of party to agreement
On the rights and liabilities of GASCOR under an agreement vesting in, or becoming liabilities of, the transferee on the relevant date in accordance with section 119—
(a) the transferee becomes a party to the agreement in place of GASCOR; and
(b) the agreement has effect on and after the relevant date as if the transferee had always been a party to the agreement.
New s. 123 inserted by No. 51/2002 s. 3.