Hong Kong Ordinances

MASS TRANSIT RAILWAY ORDINANCE - SECT 52I

Waiver of prohibition of vesting

(1) A provision contained in any contract or other document-

   (a)  prohibiting or having the effect of prohibiting the vesting under
        section 52B, 52D, 52E or 52F(1); or

   (b)  to the effect that a default shall occur or be deemed to occur, or any
        right or liability shall cease, as a result of the vesting under
        section 52B, 52D, 52E or 52F(1), and to which KCRC is a party, is
        deemed to have been waived.

(2) A provision contained in any contract or other document-

   (a)  prohibiting or having the effect of prohibiting the vesting under
        section 52C or 52F(3); or

   (b)  to the effect that a default shall occur or be deemed to occur, or any
        right or liability shall cease, as a result of the vesting under
        section 52C or 52F(3), and to which the Corporation is a party, is
        deemed to have been waived. (Part IXA added 11 of 2007 s. 20)