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 with us, and in all funds in such Accounts or other deposits, to secure your obligations to us under this Section 5. This security interest will survive termination of this Section 5. We may hold any funds on deposit with us by you after termination of this Section 5 for up to sixty (60) days following the expiration of any return or chargeback rights regarding any request or Entry processed by you using the 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 us. You acknowledge and agree that any Settlement Reserve will be deposited in an Account for exclusive use by us for purposes of offsetting any of your obligations under this Section 5. You authorize us to immediately replenish the Settlement Reserve to an amount to be determined by us via an ACH debit to your Account or by a direct deposit to the Settlement Reserve if the Customer's Settlement Reserve falls below the required amount. You grant us a security interest in any Settlement Reserve to enable us to enforce any obligation owed by you under this Section 5 without notice or demand to you. Your obligation to maintain a Settlement Reserve shall survive the termination of this Section 5, with such obligation lasting until all of your obligations under this Section 5 have been fully offset. Our security interest shall continue until all of your obligations under this Section 5 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 with usat the Bank, and in all funds in such Accounts or other deposits, to secure your obligations to us under this Section 5Agreement. This security interest will survive termination of this Section 5Agreement. We may hold any funds on deposit with us by you after termination of this Section 5 Agreement for up to sixty (60) 90 days following the expiration of any return or chargeback rights regarding any request or Entry ACH entry processed by you using the ACH Services 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 usthe Bank. You acknowledge and agree that any Settlement Reserve will be deposited in an Account a Bank account for exclusive use by us the Bank for purposes of offsetting any of your obligations under this Section 5Agreement. You authorize us authorized the Bank to immediately replenish the Settlement Reserve to an amount to be determined by us the Bank via an ACH debit to your Account account or by a direct deposit to the Settlement Reserve if the Customer's your Settlement Reserve falls below the required amount. You grant us the Bank a security interest in any Settlement Reserve to enable us the Bank to enforce any obligation owed by you under this Section 5 Agreement without notice or demand to you. Your obligation to maintain a Settlement Reserve shall survive the termination of this Section 5Agreement, with such obligation lasting until all of your obligations under this Section 5 Agreement have been fully offset. Our The Bank’s security interest shall continue until all of your obligations under this Section 5 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 (with us, 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 Section 5Agreement. This security interest will survive termination of this Section 5. We may hold any funds on deposit with us by you after termination of this Section 5 for up to sixty (60) days following the expiration of any return or chargeback rights regarding any request or Entry processed by you using the ACH Services or, if later, until any other claims to such funds have expiredAgreement. You may be required to maintain a reserve ("“Settlement Reserve"”) of an amount to be solely determined by us. You acknowledge and agree that any Settlement Reserve will be deposited in an Account a Bank account for exclusive use by us the Bank for purposes of offsetting any of your obligations under this Section 5Agreement. You authorize us authorized the Bank to immediately replenish the Settlement Reserve to an amount to be determined by us the Bank via an ACH debit to your Account account or by a direct deposit to the Settlement Reserve if the Customer's your Settlement Reserve falls below the required amount. You grant us a security interest in any Settlement Reserve to enable us to enforce any obligation owed by you under this Section 5 Agreement without notice or demand to you. Your obligation to maintain a Settlement Reserve shall survive the termination of this Section 5Agreement, with such obligation lasting until all of your obligations under this Section 5 Agreement have been fully offset. Our security interest shall continue until all of your obligations under this Section 5 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 with usat the Bank, and in all funds in such Accounts or other deposits, to secure your obligations to us under this Section 5Agreement. This security interest will survive termination of this Section 5Agreement. We may hold any funds on deposit with us by you after termination of this Section 5 Agreement for up to sixty (60) 45 days following the expiration of any return or chargeback rights regarding arising out of or relating to your use of any request or Entry processed by you using of the ACH 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 usthe Bank in its sole discretion. You acknowledge and agree that any Settlement Reserve will be deposited in an Account a Bank account for exclusive use by us the Bank for purposes of offsetting any of your obligations under this Section 5Agreement. You authorize us the Bank to immediately replenish the Settlement Reserve to an amount to be determined by us the Bank via an ACH debit to your Account or by a direct deposit to the Settlement Reserve if the Customer's your Settlement Reserve falls below the required amount. You grant us the Bank a security interest in any Settlement Reserve to enable us the Bank to enforce any obligation owed by you under this Section 5 Agreement without notice or demand to you. Your obligation to maintain a Settlement Reserve shall survive the termination of this Section 5Agreement, with such obligation lasting until all of your obligations under this Section 5 Agreement have been fully offset. Our The Bank’s security interest shall continue until all of your obligations under this Section 5 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 with usat the Bank, and in all funds in such Accounts or other deposits, to secure your obligations to us under this Section 5Agreement. This security interest will survive termination of this Section 5Agreement. We may hold any funds on deposit with us by you after termination of this Section 5 Agreement for up to sixty (60) 45 days following the expiration of any return or chargeback rights regarding arising out of or relating to your use of any request or Entry processed by you using of the 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 usthe Bank in its sole discretion. You acknowledge and agree that any Settlement Reserve will be deposited in an Account a Bank account for exclusive use by us the Bank for purposes of offsetting any of your obligations under this Section 5Agreement. You authorize us the Bank to immediately replenish the Settlement Reserve to an amount to be determined by us the Bank via an ACH debit to your Account or by a direct deposit to the Settlement Reserve if the Customer's your Settlement Reserve falls below the required amount. You grant us the Bank a security interest in any Settlement Reserve to enable us the Bank to enforce any obligation owed by you under this Section 5 Agreement without notice or demand to you. Your obligation to maintain a Settlement Reserve shall survive the termination of this Section 5Agreement, with such obligation lasting until all of your obligations under this Section 5 Agreement have been fully offset. Our The Bank’s security interest shall continue until all of your obligations under this Section 5 Agreement have been fully offset.