授予专营权是一项特别优惠，这构成一项权利和义务由承授人执行。

The grant of franchise is a special privilege that constitutes a right and a duty to be performed by the grantee.

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凡按揭人没有如此偿付，则该判令会成为绝对判令，该土地亦会在不受按揭人的衡平法赎回权和其后承按人的权益约束的情况下归予承按人。

If the mortgagor fails to do so, the decree is made absolute and the land vests in the mortgagee free of the mortgagor's equity of redemption and free of the interests of subsequent mortgagee.

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承授者行使部分或全部的期 权， 须在本协议生效日的第八个周年日之前完成。

All or any part of the Option may be exercised by the Optionee no later than the eighth (8th) anniversary of the date of this Agreement.

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承授者行使部分或全部的期 权， 须在本协议生效日的第八个周年日之前完成。

All or any part of the Option may be exercised by the Optionee no later than the eighth (8th) anniversary of the date of this Agreement.

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