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1. Subject to paragraph 2, all rights and liabilities in respect of retail deposits with Bradford & Bingley.
2. The liabilities referred to in paragraph 1 shall not include any liability in respect of any breach of a contract with or other duty in relation to any customer of the retail deposit business arising before the second transfer time.
3. All freehold and leasehold real property of a relevant undertaking relating to—
(a)all retail deposit branches of Bradford & Bingley;
(b)the operation of any branch-type agency of Bradford & Bingley; and
(c)any other properties, including call-centres, which mainly relate to the operation of the retail deposit business of Bradford & Bingley.
4. All contracts, agreements and other arrangements of Bradford & Bingley or a relevant undertaking which relate mainly to—
(a)the retail deposit business of Bradford & Bingley; or
but excluding any qualifying financial contract within the meaning of article 24(4).
5. Any personal property of a relevant undertaking—
(a)situated within any real property transferred by article 16(1)(b); or
(b)relating mainly to the retail deposit business of Bradford & Bingley.
6. All intellectual property which relate to the operation of the retail deposit business of Bradford & Bingley except the Bradford & Bingley brand.
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