Common use of Reserve, Hold/Pending and other Protective Actions Clause in Contracts

Reserve, Hold/Pending and other Protective Actions. 8.1. We, the Financial Institution or the Member shall be entitled to withhold and keep as a Reserve, securing performance by the Client of Client’s obligations under this Agreement and the applicable laws and Regulations, a sum equal to the amount of a whole or part of any type of transaction/s and/or a Reserve Percentage, as set in the online account of the Client for the Service and shown to the Client prior to entry into Agreement or in another Commercial Agreement (if applicable). All terms and conditions for Reserve, Hold/Pending and other Protective Actions are dealt with in the respective Legal Agreement for myPOS Account and Merchant Agreement.