(h)
(i)
(j)
shall, for the purpose of enforcing or realizing that security, be deemed to continue in effect notwithstanding the vesting of the undertaking in First Pacific Bank;
(iv) any security referred to in subparagraph (i), (ii) or (iii) and which extends to future advances or liabilities shall, on and from the appointed day, be available to First Pacific Bank (whether for its own benefit or, as the case may be, for the benefit of any other person) as security for the payment or discharge of future advances and future liabilities to the same extent and in the same manner in all respects as future advances by, or liabilities to, Far East Bank or,
as the case may be, First Pacific Bank were secured thereby immediately before that day.
Where by virtue of this Ordinance any right or liability of Far East Bank is deemed to become a right or liability of First Pacific
Pacific Bank, First Pacific Bank and all other persons shall, on and from the appointed day, have the same rights, powers and remedies (and in particular the same rights and powers as to taking
to taking or resisting legal proceedings or making or resisting applications to any authority) for ascertaining, perfecting or enforcing that right or liability as if it had at all times been a right or liability of First Pacific Bank; and any legal proceedings or application to any authority existing or pending immediately before the appointed day by or against Far East Bank may be continued by or against First Pacific Bank.
Any judgement or award obtained by or against Far East Bank and not fully satisfied before the appointed day shall on that day, to the extent to which it is enforceable by or against Far East Bank, become enforceable by or against First Pacific Bank.
Nothing in this Ordinance shall terminate or prejudicially affect the appointment, authority rights ΟΙ powers of any receiver or of any receiver and manager appointed by Far East Bank, whether alone or with others, before the appointed day.
Accounting treatment of Far East Bank and First Pacific Bank
(1)
On and from the appointed day, by virtue and notwithstanding the provisions of
any
of this Ordinance
8.
other Ordinance-
1