6
CAP. 1146]
First Pacific Bank Limited
[1989 Ed.
“Far East Bank” (47) means Far East Bank, Limited; "First Pacific Bank" (-7) means First Pacific Bank Limited; "excluded property" (M) means the common seal of Far East Bank, documents (other than accounting records) required to be kept by Far East Bank pursuant to the Companies Ordinance (Cap.32) and the issued shares in the capital of First Pacific Bank beneficially owned by Far East Bank; “existing” () means existing, outstanding or in force immediately before
the appointed day;
"liabilities" (*) includes duties and obligations of every description (whether
present or future, actual or contingent);
"property" (M) 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 but does not include the excluded property;
"security" () 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" (*) means the business and all existing property, other than the excluded property, and liabilities, other than those relating to the excluded property, of Far East Bank of whatsoever nature;
“will” (1) includes a codicil and any other testamentary writing.
(2) Any reference in this Ordinance to property or liabilities of Far East Bank is a reference to property or liabilities to which Far East Bank 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 Far East Bank, and whether Far East Bank 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) Any body politic or corporate and any other person or persons whose rights are affected by any of the provisions of this Ordinance shall be deemed to be mentioned herein.
3. Appointed day
The directors of Far East Bank may appoint a day for the purposes of this Ordinance. Far East Bank and First Pacific Bank shall give joint notice in the Gazette stating the day so appointed save that, in the event that such day proves not to be the appointed day for any reason, Far East Bank and First Pacific Bank shall give further joint notice in the Gazette stating the day so appointed.
6
CAP. 1146]
First Pacific Bank Limited
[1989 Ed.
“Far East Bank” (47) means Far East Bank, Limited; "First Pacific Bank" (-7) means First Pacific Bank Limited; "excluded property" (M) means the common seal of Far East Bank, documents (other than accounting records) required to be kept by Far East Bank pursuant to the Companies Ordinance (Cap. 32) and the issued shares in the capital of First Pacific Bank beneficially owned by Far East Bank; “existing” () means existing, outstanding or in force immediately before
the appointed day;
"liabilities" (*) includes duties and obligations of every description (whether
present or future, actual or contingent);
"property" (M) 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 but does not include the excluded property;
"security" () 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" (*) means the business and all existing property, other than the excluded property, and liabilities, other than those relating to the excluded property, of Far East Bank of whatsoever nature;
“will” (1) includes a codicil and any other testamentary writing.
(2) Any reference in this Ordinance to property or liabilities of Far East Bank is a reference to property or liabilities to which Far East Bank 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 Far East Bank, and whether Far East Bank 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) Any body politic or corporate and any other person or persons whose rights are affected by any of the provisions of this Ordinance shall be deemed to be mentioned herein.
3. Appointed day
The directors of Far East Bank may appoint a day for the purposes of this Ordinance. Far East Bank and First Pacific Bank shall give joint notice in the Gazette stating the day so appointed save that, in the event that such day proves not to be the appointed day for any reason, Far East Bank and First
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