Common use of Security Interest in Accounts Clause in Contracts

Security Interest in Accounts. Client grants Bank a security interest in all Accounts or other deposits (whether general or special) of Client’s at Bank, and in all funds in such Accounts or other deposits, or any other obligations of Client to Bank to secure Client’s obligations to Bank under this Agreement. This security interest will survive termination of this Agreement until all obligations to Bank are paid in full. Bank may hold any funds on deposit with Bank by Client after termination of this Agreement for up to thirty (30) days following the expiration of any return or chargeback rights regarding any transaction, Payment Order, or ACH Entry processed by Client using the Services or, if later, until any other claims to such funds have expired.