Clause 16

All deeds, bonds, agreements, instruments and working arrangements, subsisting immediately before the appointed day, affecting any of the property, rights, interests, liabilities and obligations transferred to or vested in the Council under section 15(a) shall continue in force on and after that day and shall be enforceable by or against the Council as if, instead of the National Theatre Trust or a person acting on behalf of the National Theatre Trust, the Council had been named therein or had been a party thereto.