Document ID: chunk:federal_register_of_legislation:C2013C00609:clause:2_56
Version: federal_register_of_legislation:C2013C00609
Segment Type: clause
Provision Reference: sch 2 cl 56
Character Range: 112158–112949

56  Paragraph 68(2)(d)
Omit:
 (d) the transferee‑granted interest secures performance of an advance made, or an obligation incurred, by the transferee's secured party before:
 (i) the transferor‑granted interest is re‑perfected as mentioned in paragraph (1)(d); and
 (ii) the notice is given under paragraph (1)(e);
  but only to the extent of the advance or obligation.
Substitute:
 (d) the transferee‑granted interest secures performance of an advance made, or an obligation incurred, by the transferee's secured party before:
 (i) the transferor‑granted interest is re‑perfected as mentioned in paragraph (1)(d); and
 (ii) the notice is given under paragraph (1)(e);
but only to the extent of the advance or obligation.
Note: The amendment made by this item corrects a formatting error.