Common use of Financial Security Clause in Contracts

Financial Security. 8.4.1 As a condition of our acceptance of your order, or if we have reason to be concerned about your ability to pay at any time and based on the outcome of a credit assessment conducted in relation to you, we may ask you to provide a security in the form of a cash deposit to be held by us, or a bank guarantee in a form acceptable to us, or to increase any security previously provided. 8.4.2 If you fail to provide adequate security within 5 working days of our request, we may, without liability, suspend the Service to you in accordance with the Agreement until we receive adequate security. 8.4.3 We may access the security at any time to pay outstanding Charges you owe us but only after giving you at least 5 working days’ notice that we intend to access the security if you fail to pay the Charges within that period. 8.4.4 We will refund you the security deposit less any amounts owing, without interest, within 10 working days of the sooner of you satisfactorily completing the terms of the security arrangements, or cancellation of the Service.