Security Retention. 22.1 The Contractor will not be entitled to retain any monetary amount, fee or levy from any progress payment request made as security retention or applicable stipulation.
Security Retention. The Customer may deduct 5 % of the order value upon pay- ment of the invoice as security against any defects, provided that such amount retained is payed into an escrow account (Sperrkonto) in relation to which the Customer and the Con- tractor have authority to act jointly, but not individually. Upon the release to the Contractor of any amount retained, the Con- tractor shall be entitled to any interest accrued during the pe- riod the amount was held in escrow.
Security Retention. If the Chargee, acting reasonably, considers that any amount paid or credited under any Loan Document is capable of being avoided or otherwise set aside under any laws relating to insolvency or otherwise that amount shall not be treated as paid for the purposes of determining whether the Secured Liabilities have been paid.
Security Retention. If the ABL Agent, acting reasonably, considers that any amount paid or credited under any Loan Documents is capable of being avoided or otherwise set aside under any laws relating to insolvency or otherwise, that amount shall not be treated as paid for the purposes of determining whether the Secured Obligations have been paid.
Security Retention. No amount paid to a Secured Party under a Loan Document will be considered irrevocably or unconditionally discharged for any purpose of this Debenture if the Administrative Agent, acting reasonably, considers that such amount is capable of being avoided or otherwise set aside under any laws relating to insolvency or otherwise and the Administrative Agent shall be entitled to retain the Charges securing any such amount in such circumstances.
Security Retention. If the Clearing House, acting reasonably, considers that any amount paid or credited under any Relevant Agreement is capable of being avoided or otherwise set aside under any laws relating to insolvency or otherwise, that amount shall not be treated as paid for the purposes of determining whether the Guaranteed Liabilities have been paid.
Security Retention. The Gateway Services and the related data transmission shall be provided in accordance with the applicable requirements set by the Payment Card Industry Data Security Standards (“PCI-DSS”). Additionally, HelloPayments shall maintain appropriate technical and organization measures to secure Merchant Data from accidental loss and from unauthorized access, use, alteration, or disclosure. HelloPayments acknowledges that it is responsible for the security of cardholder data that HelloPayments possesses, stores, processes or transmits on behalf of Merchant. Merchant will provide security measures in accordance with best industry practices for all data residing on the devices owned, controlled or operated by Merchant. HelloPayments shall not be liable for any improperly processed transaction or third party, illegal or fraudulent access to Merchant’s accounts, IDs, passwords, data, personal information, transaction data or Merchant Data. If there is a security breach of Merchant’s system and/or unauthorized access to Merchant Data or transaction data, Merchant shall notify HelloPayments promptly of such breach and shall take such precautions as may be necessary to prevent such breaches from occurring in the future, as required by HelloPayments. Merchant is solely responsible for the security of Merchant Data residing on servers owned or operated by Merchant, or any third party designated by Merchant (e.g., a hosting services provider, processor, or other service provider), including credit card numbers and any other Merchant Data. Merchant shall comply with all applicable laws and regulations governing the collection, retention and use by Merchant of credit card, Merchant Data and other financial information and agrees to provide all legally required notice to Merchant that discloses how and why personal and financial information is collected and used. Merchant shall use proper controls for, and limit access to, all Merchant Data or transaction data. Prior to discard, Merchant shall render all Merchant Data or transaction data unreadable and abide by any laws or regulations imposed on Merchant for Merchant Data or transaction data destruction and/or disposal. Merchant shall be solely responsible for compiling and retaining permanent records of all Merchant Data and transaction data for its reference.
Security Retention. The security of your personally identifiable information is important to us and The Company is committed to handling such information carefully. We maintain physical, electronic and procedural safeguards to guard your personally identifiable information. We use secure socket layer technology to protect the security of your payment information and we encrypt your personally identifiable information when it is sent over the Internet. No method of transmission over the Internet, or method of electronic storage, is 100% secure, however. Therefore, while we strive to use commercially acceptable means to protect your personally identifiable information, we cannot guarantee its absolute security. By using the Services or providing personal information to us, you agree that we may communicate with you electronically regarding security, privacy and administrative issues relating to your use of the Services. If we learn of a security breach, we may attempt to notify you electronically by posting a notice on the Services or sending an email to you. You may have a legal right to receive this notice in writing. We retain personal information we receive as described in this Privacy Policy for as long as you use our Services or as necessary to fulfill the purpose(s) for which it was collected, provide our Services, resolve disputes, establish legal defenses, conduct audits, pursue legitimate business purposes, enforce our agreements and comply with applicable laws. When we are no longer required to retain your personal information as described above, we will destroy, erase, or de-identify it in accordance with our data retention policies and applicable law. Legal requirements, however, may require us to retain some or all of the personal information we hold for a period of time that is longer than that for which we might otherwise hold it.
Security Retention. If the Collateral Trustee, acting reasonably, considers that any amount paid or credited under any Priority Lien Documents is capable of being avoided or otherwise set aside under any laws relating to insolvency or otherwise, that amount shall not be treated as paid for the purposes of determining whether the Secured Obligations have been paid.
