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 Purchaser’s first priority ownership or security interest in all Receivables (whether existing or thereafter arising) sold by it;

Appears in 4 contracts

Sources: Receivables Purchase Agreement (Ferguson Enterprises Inc. /DE/), Receivables Purchase Agreement (Ferguson Enterprises Inc. /DE/), Receivables Purchase Agreement (Ferguson PLC)

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

Appears in 3 contracts

Sources: Receivables Purchase Agreement (Ferguson Enterprises Inc. /DE/), Receivables Purchase Agreement (Ferguson PLC), Receivables Purchase Agreement (Ferguson PLC)

Ownership; Security Interest. It has taken or caused to be taken all actions, including necessary filings, to evidence the Purchaser’s first priority ownership or security interest in all Receivables (whether existing or thereafter arising) sold by it);

Appears in 1 contract

Sources: Purchase and Contribution Agreement (Phillips 66)