sec.92BMNovation if only 1 successor

### sec.92BM Novation if only 1 successor This section applies if there is only 1 successor. The successor— becomes a party to the agreement instead of Allconnex; and assumes all of Allconnex’s rights and liabilities— under the agreement; or that relate to an Allconnex planning matter. The agreement may be enforced by the successor as if it were Allconnex. A right or liability assumed under subsection (2) — may be discharged only by the discharging of it to the successor; and may be enforced only by the successor. s 92BM ins 2012 No. 1 s 23 (sec.92BM-ssec.1) This section applies if there is only 1 successor. (sec.92BM-ssec.2) The successor— becomes a party to the agreement instead of Allconnex; and assumes all of Allconnex’s rights and liabilities— under the agreement; or that relate to an Allconnex planning matter. (sec.92BM-ssec.3) The agreement may be enforced by the successor as if it were Allconnex. (sec.92BM-ssec.4) A right or liability assumed under subsection (2) — may be discharged only by the discharging of it to the successor; and may be enforced only by the successor. - (a) becomes a party to the agreement instead of Allconnex; and - (b) assumes all of Allconnex’s rights and liabilities— (i) under the agreement; or (ii) that relate to an Allconnex planning matter. - (i) under the agreement; or - (ii) that relate to an Allconnex planning matter. - (i) under the agreement; or - (ii) that relate to an Allconnex planning matter. - (a) may be discharged only by the discharging of it to the successor; and - (b) may be enforced only by the successor.