Page:Temporary Protection Measures for Business Tenants (COVID-19 Pandemic) Ordinance (Cap. 644).pdf/11

Temporary Protection Measures for Business Tenants (COVID-19 Pandemic) Ordinance Ord. No. 2 of 2022 Section 7 :(b) the overall financial condition of the landlord.

(3) During the affected period, the lender of a secured loan is barred from taking, or continuing to take, any one or more of the actions specified in subsection (5) in respect of the repayment default.

(4) Any action (or any part of an action) taken by the lender of a secured loan in respect of the repayment default described in subsection (1)(b)(i), if pending when the affected period begins, is to be stayed until the expiry of the affected period.

(5) The actions are—
 * (a) enforcing the security created on the subject premises (or on any interest in the subject premises or any rent receivable in respect of the subject premises);
 * (b) suing for repayment of the amount in default;
 * (c) recovering interest or surcharge on the amount in default;
 * (d) exercising any of the powers mentioned in paragraphs 2, 3, 4, 5, 6, 7, 8 and 9 of the Fourth Schedule to the Conveyancing and Property Ordinance (Cap. 219);
 * (e) entering into possession of the subject premises;
 * (f) letting or selling the subject premises;
 * (g) applying for delivering the possession of the subject premises;
 * (h) enforcing other collateral securities for the secured loan;
 * (i) making demand against, or suing, the landlord under any other right of recourse as a result of the repayment default triggering any contractual cross default clause;