Common use of Security Reserve Clause in Contracts

Security Reserve. In addition to the chargeback rights granted to ▇▇▇▇▇▇ and HMS by Merchant, Merchant hereby authorizes ▇▇▇▇▇▇ to establish a security reserve account (the “Reserve Account”), with or without prior notice to Merchant, at any time prior to, at, or after termination of this Agreement, to ensure ▇▇▇▇▇▇’▇ recovery of any liabilities, of whatever nature, owed it, or reasonably anticipated to be owed it, by Merchant pursuant to this Agreement. ▇▇▇▇▇▇ may establish a Reserve Account whenever ▇▇▇▇▇▇ or HMS, in their sole discretion, believes recovery of such liabilities may be in jeopardy. MERCHANT HEREBY GRANTS TO ▇▇▇▇▇▇ A POSSESSORY SECURITY INTEREST IN

Security Reserve. In addition to the chargeback rights granted to ▇▇▇▇▇▇ and HMS ▇▇▇▇▇▇▇ by Merchant▇▇▇▇▇▇▇▇, Merchant ▇▇▇▇▇▇▇▇ hereby authorizes ▇▇▇▇▇▇ to establish a security reserve account (the “Reserve Account”), with or without prior notice to Merchant, at any time prior to, at, or after termination of this Agreement, to ensure ▇▇▇▇▇▇’▇ recovery of any liabilities, of whatever nature, owed it, or reasonably anticipated to be owed it, by Merchant pursuant to this Agreement. ▇▇▇▇▇▇ may establish a Reserve Account whenever ▇▇▇▇▇▇ or HMS▇▇▇▇▇▇▇, in their sole discretion, believes recovery of such liabilities may be in jeopardy. MERCHANT HEREBY GRANTS TO ▇▇▇▇▇▇ A POSSESSORY SECURITY INTEREST IN.