?
7
(2)
"existing" ( 現有
)
) means existing,
outstanding or in force immediately before the appointed day;
"liabilities" (1
) includes duties and
obligations of every description (whether present or future, actual or contingent);
"merger agreement" means the merger agreement executed, pursuant to the provisions of the Commercial Bank Act of Norway of 24th May 1961 and the provisions of chapter 14 of the Joint-Stock Companies Act of Norway of 4th June 1976, on 23rd October 1989 by the Boards of Directors of Bergen Bank and DnC respectively and sanctioned by resolutions passed on 1st November 1989 by the Supervisory Boards of Bergen Bank and DnC respectively and on 28th November 1989 by Extraordinary General Meetings of the shareholders of Bergen Bank and DnC respectively;
"property" ( 財產
) means property and
assets of every description and rights of every description (whether present or future, actual or contingent), and includes property held on trust and securities, benefits and powers of every description;
"security" ( A + 押 ) includes a mortgage or
charge (whether legal or equitable and including any sub-mortgage), debenture, bill of exchange, promissory note, guarantee, lien, pledge (whether actual or constructive), hypothecation, assignment by way of security, indemnity, right of set-off, agreement or undertaking (whether in writing or not) or other means (in each case made, granted, arising or subsisting under any applicable law) of securing payment or discharge of a debt or liability (whether present or future, actual or contingent);
"undertaking" ( 業務 ) means the business
and all existing property and liabilities of DnC of whatsoever nature;
"will" ( other testamentary writing.
囑 ) includes a codicil and any
Any reference in this Ordinance to property or liabilities of DnC is a reference to property or liabilities to which DnC is for the time being entitled or subject (whether beneficially or in any fiduciary capacity), wherever such property or liabilities are situated or arise and whether or not capable of being transferred or assigned by DnC, and whether DnC is entitled to such property or subject to such liabilities under the law of Hong Kong or under the law of any country or territory outside Hong Kong.
3