186 Exceptions with respect to priorities

Notwithstanding sections 184 and 185 —


(a) the order of priorities of charges is subject to —

(i) any express written consent of the holder of a charge that varies
the priority of that charge in relation to one or more other
charges that it would, but for the consent, have had priority
over; or

(ii) any written agreement between chargees that affects the
priorities in relation to the charges held by the respective
chargees; and


(b) a registered floating charge is postponed to a subsequently registered
fixed charge unless the floating charge contains a prohibition or
restriction on the power of the company to create any future charge
ranking in priority to or equally with the charge.