Common use of Security and Security Interest Clause in Contracts

Security and Security Interest. Fiserv may from time to time request security from the Company or a guarantor to secure performance of the Company’s obligations under this Agreement. Fiserv may determine that this Agreement, a transaction or any security provided creates a security interest for purposes of the Personal Property Securities Act (PPSA). The Company will do anything necessary to provide documentation to reflect any security or perfect any security interest.

Security and Security Interest. Fiserv may from time to time request security from the Company Merchant or a guarantor to secure performance of the CompanyMerchant’s obligations under this Agreement. Fiserv may determine that this Agreement, a transaction or any security provided creates a security interest for purposes of the Personal Property Securities Act (PPSA). The Company Merchant will do anything necessary to provide documentation to reflect any security or perfect any security interest.