What is the priority level of the security right for purchase financing on the returns or inventory of accounts receivable compared to the security rights established on the accounts receivable registered in the Register at an earlier date?
The security right for purchase financing on the returns or inventory of accounts receivable has lower priority than the security rights established on the accounts receivable registered in the Register at an earlier date, unless the Pledgee, the holder of security right for purchase financing, notifies the other Pledgee.