Common use of Ownership of Cash Clause in Contracts

Ownership of Cash. Armored Carrier agrees that the Cash is the sole and exclusive property of Xxxxx Fargo and that Armored Carrier shall not at any time have any interest (including any security interest or right of setoff) in such Cash and shall not setoff against the Cash any claims it may now have or claims that may accrue to it in the future against Client, Xxxxx Fargo or any other person. Armored Carrier agrees that Xxxxx Fargo shall have all right, title, and interest in and to the Cash, regardless of physical location, and may treat the Cash as its asset until it is dispensed from the Covered Machines. Upon demand by Xxxxx Fargo, all Cash shall be surrendered by Armored Carrier to Xxxxx Fargo. At no time shall Armored Carrier assert or otherwise claim any interest in the Cash that would under any circumstances be contrary to Xxxxx Fargo’s treatment of the Cash as “vault cash” as defined in section 204.2(k) of Regulation D.

Ownership of Cash. Armored Carrier agrees that the Cash is the sole and exclusive property of Xxxxx Wxxxx Fargo and that Armored Carrier shall not at any time have any interest (including any security interest or right of setoff) in such Cash and shall not setoff against the Cash any claims it may now have or claims that may accrue to it in the future against Client, Xxxxx Wxxxx Fargo or any other person. Armored Carrier agrees that Xxxxx Wxxxx Fargo shall have all right, title, and interest in and to the Cash, regardless of physical location, and may treat the Cash as its asset until it is dispensed from the Covered Machines. Upon demand by Xxxxx Wxxxx Fargo, all Cash shall be surrendered by Armored Carrier to Xxxxx Wxxxx Fargo. At no time shall Armored Carrier assert or otherwise claim any interest in the Cash that would under any circumstances be contrary to Xxxxx Wxxxx Fargo’s treatment of the Cash as “vault cash” as defined in section 204.2(k) of Regulation D.