4
reference therein to MEFIL there were substituted a reference to Emirates Bank.
(3) No testamentary gift shall be adeemed by reason only the operation of any of the provisions of this Ordinance.
7.
Supplementary provisions
Without prejudice to the generality of any other provision this Ordinance but subject to any provision of this
of
of
Ordinance to the
contrary effect, the following provisions of this section shall have effect
-
(a)
(b)
awards,
All existing contracts, agreements, certificates, conveyances, deeds, leases, licences, notices, permits, guarantees, documents granting or comprising any security, bonds, indemnities, mandates, instructions and other instruments and undertakings entered into by, made with, given to or by or addressed to MEFIL (whether alone or with any other person and whether as principal or agent and whether in writing or not), other than those entered into, made, given to or by or addressed to MEFIL
in relation to the excluded property and the agreement by Emirates Bank to pay the purchase consideration for the undertaking to MEFIL shall be construed and have effect on and from the appointed day as if-
(i)
(ii)
(iii)
Emirates Bank had MEFIL;
been a party thereto instead of
for any reference (however worded and whether express or implied) to MEFIL there were substituted, as respects anything falling to be done on or after the appointed day, a reference to Emirates Bank; and
any reference (however worded and whether express or implied) to the directors or to any director, officer or employee of MEFIL
were, as respects anything falling to be done on or after the appointed day, a reference to the directors of Emirates Bank or, as the case may require, to such director, officer or employee of Emirates Bank as Emirates Bank may appoint for that purpose or, in default of appointment, to the director, officer or employee of Emirates Bank who corresponds as nearly as may be to the first-mentioned director, officer or employee.
Paragraph (a)(ii) shall, subject to the provisions of section 15, apply to any statutory provision, to any provision of any existing contract to which MEFIL was not a party and to any provision of any other existing document (not being a contract or a will) as they apply to a contract to which that paragraph applies.