Operation of this schedule
7 Operation of this schedule
The operation of this schedule must not be regarded as—
a breach of contract or confidence or otherwise as a civil wrong, or
a breach of a contractual provision prohibiting, restricting or regulating the assignment or transfer of assets, rights or liabilities, or
giving rise to a remedy by a party to an instrument, or causing or permitting the termination of an instrument, because of a change in the beneficial or legal ownership of an asset, right or liability, or
an event of default under a contract or other instrument.
No attornment to the transferee by a lessee from the transferor is required.
The operation of this schedule includes the making of a transfer order.
This Act’s bill:Explanatory memorandumSecond reading speech
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