Movmls Cap. 14:35 PRopERTy Sscuntrr lutnnssrs No.9l2fiL7 (2) Forthe avoidance of doubt it is declaredthat a security interest in atangtble asset in connection with which an intellectuat property right is used does not extend to ttre intellectual property, and a security interest in intellectual property does not exterd to a tangible asset in connestion with which that intellectuat property is usd. Special provisiotts to secure rights to proceeds 6. ( I ) If a security interest in an asset is perfected, a security interest in any proceeds of that asset is perfecGd wittrout any further action by the debtor or the secured creditor if ttre p'roceedi are in the forrr of money, receivables, negotiable instruments or rigbts !o payment of funds credited to a deposit account' (2) If a security interest in an asset is perfected, a seeurity interest in any type of proceeds of that asset other than the types of prcceeds refured to in subparagraph ttiis perfecrcd for ten working days after the proceeds arise or thereafter if, before the expiry of the ten working days, the security intenest in the proceeds is perfected by registration in ttre Collateral Regisry' PARTIII RscnrRATIoN Rrqtmgrarwrs Debtor's authorisation for re gistration ?. ( I ) Regisration of an initial notice is ineffective unless authorised by the debts in writing. (2) Registration of an amendment notice that adds collateral not included in the security agreement is ineffective unless authorised by the debtor in writing. (3) Registration of an amendment notice that adds adebtoris irrcffective unless authorised by the additional dehu in writing. (4) Authorisation may be given before or after regisftation of a notice. (5) A notice may be registercd before the creation of a security interest or the conclusion of a secutity agreement to which the notice relates' (6) A written security agreerrent is sufficient to constitute authorisation by the debtor for the regisration of a notice. One tntice suffitientfor secuity lnteresls under maltiple security agreentents 8. The registration of a single notice may relate to security interesb created by the debtor under one or more security agrcements with the same secured creditor. Puhlic access 9. ( l) Any person may submit a notice to the Collateral Regisry, if such person (a) (b) - has establisbd a user account with the collateral Registry; and has paid the Prescribed fe. (2) An amendment or cancellation notice may only be submitted ttnough the and by the person that is authorised to submit such notice under this Act' account user (3) Any person may submit a search r€que$t to the Collateral Registry using the prescribed search request form. (4) If access is refirsed, the Collateral Regrstry must @mmunicate the reason registrant m searcher promptly. the to Reiection of registration of notice or search reqaest 10. (l) The Collateral Registry must reject ttre registration of a notice information is entered in one of tnot€ of the required designated fields. 159 if no

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