Common use of Ownership; Security Interest Clause in Contracts

Ownership; Security Interest. It has taken or caused to be taken all actions, including necessary filings, to evidence the Administrative Agent’s (on behalf of the Purchasers and the XX Xxxxx) first priority undivided percentage ownership or security interest in all Receivables (whether existing or thereafter arising) and in the Related Security and Collections with respect thereto;

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Ferguson PLC), Receivables Purchase Agreement (Ferguson PLC)

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Ownership; Security Interest. It has taken or caused to be taken all actions, including necessary filings, to evidence the Administrative Agent’s (on behalf of the Purchasers and the XX Xxxxx) first priority undivided percentage ownership or security interest in all Receivables (whether existing or thereafter arising) and in the Related Security and Collections with respect thereto);

Appears in 1 contract

Samples: Receivables Purchase Agreement (Phillips 66)

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Ownership; Security Interest. It has taken or caused to be taken all actions, including necessary filings, to evidence the Administrative Agent’s (on behalf of the Purchasers and the XX Xxxxx) first priority undivided percentage ownership or security interest in all Receivables (whether existing or thereafter arising) and in the Related Security and Collections with respect thereto;; (i)

Appears in 1 contract

Samples: Receivables Purchase Agreement (Ferguson PLC)

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