Canada–Nova Scotia Offshore Petroleum Resources Accord Implementation and Offshore Renewable Energy Management Act — C-7.8 105
Definitions 105 (1) In this Division, assignment of security interest means a notice of the assignment of a security interest or any part thereof in respect of which a security notice has been registered under this Division; ( cession de sûreté ) court means the Supreme Court of Nova Scotia and includes a judge of that Court; ( tribunal ) Deputy Registrar means such person as the Regulator may designate as the Deputy Registrar for the purposes of this Division; ( directeur adjoint ) discharge means a notice of the discharge of a security notice or postponement and includes a partial discharge; ( mainlevée ) instrument means a discharge, postponement, security notice, transfer or an assignment of a security interest; ( acte ) operator’s lien means any charge on or right in relation to an interest or a share in an interest (a) that arises under a contract (i) to which the interest owner or holder of the interest or share is a party, (ii) that provides for the operator appointed under the contract to carry out any work or activity, in the portions of the offshore area to which the interest or share applies, related to the exploration for or the development or production of petroleum or to offshore renewable energy projects, and (iii) that requires the interest owner or holder to make payments to the operator to cover all or part of the advances made by the operator in respect of the costs and expenses of such work or activity, and (b) that secures the payments referred to in subparagraph (a)(iii); ( privilège de l’exploitant ) postponement means a document evidencing the postponement of a security notice or operator’s lien; ( cession de priorité ) Registrar means such person as the Regulator may designate as the Registrar for the purposes of this Division; ( directeur ) secured party means the person claiming a security interest under a security notice; ( partie garantie ) security interest means any charge on or right in relation to an interest or a share in an interest that secures (a) the payment of an indebtedness arising from an existing or future loan or advance of money, (b) a bond, debenture or other security of a corporation, or (c) the performance of the obligations of a guarantor under a guarantee given in respect of all or any part of an indebtedness referred to in paragraph (a) or all or any part of a bond, debenture or other security of a corporation, and includes a security given under section 426 of the Bank Act , but does not include an operator’s lien; ( sûreté ) security notice means a notice of a security interest; ( Version anglaise seulement ) transfer means a transfer of an interest or a share in an interest. ( transfert ) Assignees deemed secured parties (2) Where an assignment of security interest is registered under this Division, a reference in this Division to a secured party shall, in respect of the security notice to which the assignment of security interest relates, be read as a reference to the assignee named in the assignment of security interest. 1988, c. 28, s. 105; 1991, c. 46, s. 586; 1999, c. 31, s. 30 2024, c. 20, s. 154 2024, c. 20, s. 204