Common use of Pledge in favour of eSett Clause in Contracts

Pledge in favour of eSett. 2.1 The Account Holder hereby irrevocably and unconditionally, on the terms and conditions set out herein, grants a security interest in and pledges to eSett, all rights and interests in and to the Pledged Cash Account including both present and future credit balances and any interest accrued but not yet capitalised.