Common use of Safeguarding Clause in Contracts

Safeguarding. 12.1 Your Balance will be safeguarded in accordance with the Payment Services Regulations 2017. 12.2 We have sole discretion over the establishment and maintenance of any pooled account holding Your Balance. Funds associated with Your PayFac Account will be held in a separate account from Our corporate funds. We will not use Your funds for Our corporate purposes (including the granting of any security or similar interest), will not voluntarily make Your funds available to Our creditors in the event of bankruptcy or for any other purpose and will not knowingly permit Our creditors to retrieve Your funds. 12.3 You will not receive interest or any other earnings on any funds that We handle for You.

Safeguarding. 12.1 11.1 Your Balance will be safeguarded in accordance with the Payment Services Regulations 2017. 12.2 11.2 We have sole discretion over the establishment and maintenance of any pooled account holding Your Balance. Funds associated with Your PayFac Pay360 Account will be held in a separate account from Our corporate funds. We will not use Your funds for Our corporate purposes (including the granting of any security or similar interest), will not voluntarily make Your funds available to Our creditors in the event of bankruptcy or for any other purpose and will not knowingly permit Our creditors to retrieve Your funds. 12.3 11.3 You will not receive interest or any other earnings on any funds that We handle for You.

Safeguarding. 12.1 Your Balance will be safeguarded in accordance with the Payment Services Regulations 2017. 12.2 We have sole discretion over the establishment and maintenance of any pooled account holding Your Balance. Funds associated with Your PayFac Pay360 Account will be held in a separate account from Our corporate funds. We will not use Your funds for Our corporate purposes (including the granting of any security or similar interest), will not voluntarily make Your funds available to Our creditors in the event of bankruptcy or for any other purpose and will not knowingly permit Our creditors to retrieve Your funds. 12.3 You will not receive interest or any other earnings on any funds that We handle for You.

Safeguarding. 12.1 Your Balance will be safeguarded safeg uarded in accordance with the Payment Services Regulations Reg ulations 2017. 12.2 We have sole discretion over the establishment and maintenance of any pooled account holding Your Balance. Funds associated with Your PayFac Account will be held in a separate sep arate account from Our corporate funds. We will not use Your funds fun ds for Our corporate purposes (including the granting of any security or similar interest), will not voluntarily make Your funds available to Our creditors in the event theevent of bankruptcy or for any other purpose and will not knowingly permit Our creditors to retrieve Your funds. 12.3 You will not receive interest or any other earnings on any funds that We handle for You.