Csp. 14:35
Movenm PnopErry Srcunmy lxrnnrsrs
No.9l20L7
(2) For the avoidance of doubt it is declared that every prior security inierest
perfected by a fomnl or inforrral mode recognized by courmon law continues to be
legally valid and enforceable.
(3) For the avoidance of doubt it is declared that every prior socurity inbrcst,
perfected otherwise than by a formal or infonnal method recognized by common law,
continues tobeperfectedandrctains itspriority if a notice inrelationthereto is registered
in the Collateral Registry withfu dne months after the fixed date.
FIRST SCIIEDTiLE (Section O
RscrsrRnfloN or Noncns vffir Rsspgcr rro Moverm kopmrv
Srgnrrv Imrnnsm
PARTI
hslh/m.rARv
Interpretation in First Schedule
|. In this Schedule"designated field" means the space on the prescribed reglstry notice form
designated for entering the specified type of inforrratim;
"intellectual property" means
(a) a copyright
-
(c)
as defined in section 2(l) of the Copyright and
Neighbouring Rights Act fChapter 26 :051:
industrial property rights as &fined in section 2(l) of the Industrial
Designs Act [Chapnr 26 :0211
a trade mart as defined in section 2(1) of the Trade Marks Act
(d)
any otherrights related to the rights $er our in paragraph (a), (b) or
(b)
[Chapter 26:Ml; and
(c);
"inventory" means angible asses held by the detrtor for sale or lease in the
ordinary course of his or her busiress, including raw and semi-processed
materials;
"negotiable document" nlgans a document, such as a warehouse receipt or
a bill of lading" that embodies a right to delivery of tangible assets and
satisfies the requirerrents for negotiability;
"negotiable instrument'' means a bill of exchange, cheque and promissory note
as defined in the Bills of Excbange ActlChapter I 4:021and a negotiable
certificate ofdepoeit as prescribed in section 20 ofth Building Societies
Aa[Chapter 24:427:
"perfected security interest" means a security interest created by a secudty
agreenrent and perfected in accqdance with paragraph 2;
"registrant" means tlre person who submits tbe prescribedreglstry notice form
to the Collateral Registry.
PARTN
Cnr,ciloN op Sncunrry Acnmr'rEt.rr
Creation and registration of security agrcerrunt
2. (1) A debtor may create a security interest by entering into a security agrcement
with
a secured ereditor.
157