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(f) to draw, accept, make and endorse any cheque, bill of exchange or promissory note
in the name and on behalf of the troubled financial institution, and, for the purpose
of carrying on the business of the troubled financial institution in terms of paragraph
(a), to impose any additional liability upon the troubled financial institution;
(g) to raise money in any way;
(h) to bring or defend in the name and on behalf of the troubled financial institution any
action or other legal proceeding of a civil nature and, subject to any law relating to
criminal procedure, any criminal proceeding:
(i) to agree to any offer of composition made to the troubled financial institution by any
debtor or contributory and take any reasonable part of the debt in discharge of the
whole or give reasonable time;
(j) to compromise or admit any claim or demand against the troubled financial
institution, including an unliquidated claim;
(k) to execute in the name and on behalf of the troubled financial institution all deeds,
receipts and other documents and for that purpose to use the troubled financial
institution’s seal;
(l) to prove a claim in the estate of any contributory or debtor and receive payment in
full or a dividend in respect thereof;
(m) to submit to the determination of arbitrators any dispute concerning the troubled
financial institution or any claim or demand by or upon the troubled financial
institution;
(n) to elect to adopt or to abandon any contract, entered into by the troubled financial
institution before the commencement of the administration to buy or receive in
exchange any immovable property, transfer of which has not been effected in favour
of the troubled financial institution:
Provided that—
(i) if the administrator does not make an election within six weeks after being
required in writing to do so, the person entitled under the contract may apply
by motion to the court for cancellation of the contract and delivery of
possession of the immovable property and the court may make such order as
it thinks fit;
(ii) nothing in this paragraph contained shall affect any concurrent claim against
the troubled financial institution for damages for non-fulfilment of the
contract;
(o) to terminate any lease entered into by the troubled financial institution as lessee by
notice in writing to the lessor, subject however to the following terms and
conditions—
(i) nothing in this paragraph contained shall affect any claim by the lessor
against the troubled financial institution for damages he or she may have
sustained by reason of the non-performance of the terms of the lease;
(ii) if the administrator does not, within three months of the commencement of
the administration, notify the lessor that he or she is prepared to continue the
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