4.—(1) On the Transfer Date, there shall be transferred to and vested in the governing body of the University all property, rights, liabilities and obligations to which, immediately before the Transfer Date, the governing body of the College was entitled or subject.
(2) The vesting of property, rights, liabilities and obligations under this article shall have effect notwithstanding–
(a)anything to the contrary in; or
(b)any condition relating to the transfer of such property, rights, liabilities or obligations contained in,
any enactment, rule of law or obligation.
(3) References to the College or the governing body of the College in any–
(a)agreement, deed, bond, instrument, notice or other form of writing;
(b)action or proceeding pending or existing at the Transfer Date by or against the governing body of the College before any court or other tribunal; or
(c)other document whatsoever relating to or affecting any property, right, liability or obligation of the governing body of the College which vests by virtue of this article in the governing body of the University,
shall be taken on or after the Transfer Date as referring to the University or the governing body of the University as appropriate.