No.917,017 Mov*gt g PRorngtt' Srcunny INtERE.qrs Cap. 14:35 rerrains perfwted and retains uftatever pnority it had over the righs of competing claimants before the fransfer: Provided that the secured cneditor must negister an amendment uotice adding the tnnsferee's identifier and addrcss as a new debtor within ten worting days after the secured creditor acquires knowledge of the transfer and the transferee's identifier. (2) If the secured creditorregiste$ an anrendment notice after the expiration of the period indicated in subparagraph (1) or dces mt regist€r an amendment notice at all- (a) a security O) intercst created by the ransferee of such collateral has primity over the security interest to which the aarendment notice relates; and a person who buys, leases or licenses the collateral after its transfer but beforc the registration of the amendment notice acquires its rights free of tb security interest to which the amendment notice relates. (3) In the case of successive hnsfers of the collateral, subparagraphs (1) and (2) apply to the last transfer. PARTNI Pruonrrres Competing security interests creatcd by sanu dcbtor 7. (1) Subject to this Part,prio'rity among competing security interests ceatedby the same &btorin the same collateral is determined according o 6e timeofregistration of a notice in the Collateral Regisry. (2) The priority of a security interest with respect to which a notice has been regisrered in the Collateral Reglstry before the conclusion of a security agreerrent or, in the case of a security interest in a fuuue asset, beforp the debtor acquires rights in the asset or the powet to encumber it, is detercrined according to the time of registration. (3) A security interest created by the a debtor in a mllateral and perfected by regisration of a notice in the Collateral Regrstry has priority over any other security interest created by the same debtor in the same collateral and perfected by any formal or infomral mode recognised by c,ommon law, regardless of the time of the latter perfection. (4) Priority among competing security interests crealed by the same debtor in the same collateral and perfected by any fomral or inforrral mode recognised by commn law is determined by order of time, with t&e tirne of the first perfection having pntrity over subsequent perfections. Competing security interects created by dffirent dzbtors A security intercst created by debtor is subordinate to a security intffest in the if, before &e debtor acqufued the collateral, it was subject to the security interest created and perfected by the other pmson. 8. a saare collateral created by another person Irrelevance of bnwled.ge of existence of security interest 9. The knowledge or lack of knowledge of the existence of a security interest on the part of a secured creditor does not affect its priority un&r this Act. Future advances andfuture assets 10. (1) subject to the rights ofnon-consensual creditors under paragraph 14, the a security interest applies to all secured obligations, induAing o6figations incurred after the security intercst was perfected. pncitygf 166