Common use of Pledges, liens or other securities Clause in Contracts

Pledges, liens or other securities. The Account Holder shall not pledge or hypothecate the Payment Account or use the Payment Account as security or as a guarantee in any manner whatsoever. Any such use shall constitute grounds for termination of the Contract.

Appears in 9 contracts

Samples: Payment Services Framework Contract, Payment Services Framework Contract, Payment Services Framework Contract

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