Common use of Security Interest in Refined Products Sales Agreement Clause in Contracts

Security Interest in Refined Products Sales Agreement. As security for the prompt and complete payment and performance in full of all obligations of Buyer to Seller hereunder, Buyer hereby grants to Seller a security interest in all of Buyer’s right, title and interest in, to and under the following, in each case, whether now owned or existing or hereafter acquired or arising and wherever located: (i) All sales agreements with Off-Takers, for the Refined Products, including the MSCG Sales Agreement;