(h)
(ii)
(iii)
(iv)
benefit of any other person) as security for the payment or discharge of that liability;
in relation to any security deemed to be vested in Den norske Bank in accordance with the provisions of this Ordinance and any liabilities thereby secured, Den norske Bank shall be entitled to the rights and priorities and be subject to the obligations and incidents to which DnC would have been entitled and subject if it had continued to hold the security;
without prejudice to the generality of subparagraph (ii), in any case where any existing liability subsists between DnC and Bergen Bank in respect of which DnC or Bergen Bank, or a nominee or agent of or trustee for DnC or Bergen Bank holds security, that liability shall, for the purpose of enforcing or realizing that security, be deemed to continue in effect notwithstanding the vesting of the undertaking in Den norske Bank;
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 Den norske 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 liabilities to the same extent and in the same manner in all respects as future advances by, or liabilities to, DnC were secured thereby immediately before that day.
Where by virtue of this Ordinance any right or liability of DnC is deemed to become a right or liability of Den norske Bank, Den norske 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 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 Den norske Bank; and any legal proceedings or application to any authority existing or pending immediately before the appointed day by or against DnC may be continued by or against Den norske Bank.
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