Common use of Security Interest in Accounts and Settlement Reserve Clause in Contracts

Security Interest in Accounts and Settlement Reserve. You grant us a security interest in all Accounts or other deposits (whether general or special) of yours at the Bank, and in all funds in such Accounts or other deposits, to secure your obligations to us under this Agreement. This security interest will survive termination of this Agreement. We may hold any funds on deposit with us by you after termination of this Agreement for up to 90 days following the expiration of any return or chargeback rights regarding any request or ACH entry processed by you using the System or, if later, until any other claims to such funds have expired. You may be required to maintain a reserve (“Settlement Reserve”) of an amount to be solely determined by the Bank. You acknowledge and agree that any Settlement Reserve will be deposited in a Bank account for exclusive use by the Bank for purposes of offsetting any of your obligations under this Agreement. You authorized the Bank to immediately replenish the Settlement Reserve to an amount to be determined by the Bank via an ACH debit to your account or by a direct deposit to the Settlement Reserve if your Settlement Reserve falls below the required amount. You grant the Bank a security interest in any Settlement Reserve to enable the Bank to enforce any obligation owed by you under this Agreement without notice or demand to you. Your obligation to maintain a Settlement Reserve shall survive the termination of this Agreement, with such obligation lasting until all of your obligations under this Agreement have been fully offset. The Bank’s security interest shall continue until all of your obligations under this Agreement have been fully offset.

Security Interest in Accounts and Settlement Reserve. You grant us a security interest in all Accounts or other deposits (whether general or special) of yours at the Bank, Bank (with the exception of accounts which cannot legally be pledged or which would realize adverse tax consequences as a result of granting a security interest) and in all funds in such Accounts or other deposits, to secure your obligations to us under this Agreement. This security interest will survive termination of this Agreement. We may hold any funds on deposit with us by you after termination of this Agreement for up to 90 days following the expiration of any return or chargeback rights regarding any request or ACH entry processed by you using the System or, if later, until any other claims to such funds have expired. You may be required to maintain a reserve (“Settlement Reserve”) of an amount to be solely determined by the Bankus. You acknowledge and agree that any Settlement Reserve will be deposited in a Bank account for exclusive use by the Bank for purposes of offsetting any of your obligations under this Agreement. You authorized the Bank to immediately replenish the Settlement Reserve to an amount to be determined by the Bank via an ACH debit to your account or by a direct deposit to the Settlement Reserve if your Settlement Reserve falls below the required amount. You grant the Bank us a security interest in any Settlement Reserve to enable the Bank us to enforce any obligation owed by you under this Agreement without notice or demand to you. Your obligation to maintain a Settlement Reserve shall survive the termination of this Agreement, with such obligation lasting until all of your obligations under this Agreement have been fully offset. The Bank’s Our security interest shall continue until all of your obligations under this Agreement have been fully offset.

Security Interest in Accounts and Settlement Reserve. You grant us a security interest in all Accounts or other deposits (whether general or special) of yours at the Bankwith us, and in all funds in such Accounts or other deposits, to secure your obligations to us under this AgreementSection 5. This security interest will survive termination of this AgreementSection 5. We may hold any funds on deposit with us by you after termination of this Agreement Section 5 for up to 90 sixty (60) days following the expiration of any return or chargeback rights regarding any request or ACH entry Entry processed by you using the System ACH Services or, if later, until any other claims to such funds have expired. You may be required to maintain a reserve (“"Settlement Reserve”") of an amount to be solely determined by the Bankus. You acknowledge and agree that any Settlement Reserve will be deposited in a Bank account an Account for exclusive use by the Bank us for purposes of offsetting any of your obligations under this AgreementSection 5. You authorized the Bank authorize us to immediately replenish the Settlement Reserve to an amount to be determined by the Bank us via an ACH debit to your account Account or by a direct deposit to the Settlement Reserve if your the Customer's Settlement Reserve falls below the required amount. You grant the Bank us a security interest in any Settlement Reserve to enable the Bank us to enforce any obligation owed by you under this Agreement Section 5 without notice or demand to you. Your obligation to maintain a Settlement Reserve shall survive the termination of this AgreementSection 5, with such obligation lasting until all of your obligations under this Agreement Section 5 have been fully offset. The Bank’s Our security interest shall continue until all of your obligations under this Agreement Section 5 have been fully offset.

Security Interest in Accounts and Settlement Reserve. You grant us to the Bank a security interest in all your Accounts or and other deposits (whether general or special) of yours at the Bank, and in all funds in such Accounts or other deposits, to secure your obligations to us under this Agreement. This security interest will survive termination of this Agreement. We may hold any funds on deposit with us by you after termination of this Agreement for up to 90 45 days following the expiration of any return or chargeback rights regarding arising out of or relating to your use of any request or ACH entry processed by you using of the System Services or, if later, until any other claims to such funds have expired. You may be required to maintain a reserve (a “Settlement Reserve”) of an amount to be solely determined by the BankBank in its sole discretion. You acknowledge and agree that any Settlement Reserve will be deposited in a Bank account for exclusive use by the Bank for purposes of offsetting any of your obligations under this Agreement. You authorized authorize the Bank to immediately replenish the Settlement Reserve to an amount to be determined by the Bank via an ACH debit to your account Account or by a direct deposit to the Settlement Reserve if your Settlement Reserve falls below the required amount. You grant the Bank a security interest in any Settlement Reserve to enable the Bank to enforce any obligation owed by you under this Agreement without notice or demand to you. Your obligation to maintain a Settlement Reserve shall survive the termination of this Agreement, with such obligation lasting until all of your obligations under this Agreement have been fully offset. The Bank’s security interest shall continue until all of your obligations under this Agreement have been fully offset.

Security Interest in Accounts and Settlement Reserve. You grant us to the Bank a security interest in all your Accounts or and other deposits (whether general or special) of yours at the Bank, and in all funds in such Accounts or other deposits, to secure your obligations to us under this Agreement. This security interest will survive termination of this Agreement. We may hold any funds on deposit with us by you after termination of this Agreement for up to 90 45 days following the expiration of any return or chargeback rights regarding arising out of or relating to your use of any request or ACH entry processed by you using of the System Services or, if later, until any other claims to such funds have expired. You may be required to maintain a reserve (“Settlement Reserve”) of an amount to be solely determined by the BankBank in its sole discretion. You acknowledge and agree that any Settlement Reserve will be deposited in a Bank account for exclusive use by the Bank for purposes of offsetting any of your obligations under this Agreement. You authorized authorize the Bank to immediately replenish the Settlement Reserve to an amount to be determined by the Bank via an ACH debit to your account Account or by a direct deposit to the Settlement Reserve if your Settlement Reserve falls below the required amount. You grant the Bank a security interest in any Settlement Reserve to enable the Bank to enforce any obligation owed by you under this Agreement without notice or demand to you. Your obligation to maintain a Settlement Reserve shall survive the termination of this Agreement, with such obligation lasting until all of your obligations under this Agreement have been fully offset. The Bank’s security interest shall continue until all of your obligations under this Agreement have been fully offset.