Common use of Security Clause in Contracts

Security. When providing Banking Services, the Bank may require that its receivables owed to it by the Client be secured with reasonable security or additional security, even during the provision of a Banking Service, especially upon a significant deterioration of Client’s financial condition or considerable change in its legal position. The Bank may consider the failure to provide such a security or additional security to be a substantial breach of the Contract by the Client.

Security. 1. When providing Banking Services, the Bank may require that its receivables owed to it by the Client be secured with reasonable security or additional security, even during the provision of a Banking Service, especially upon a significant deterioration of Client’s financial condition or considerable change in its legal position. The Bank may consider the failure to provide such a security or additional security to be a substantial breach of the Contract by the Client. 2. The Bank may enforce the security of its receivables owed to it by the Client under the terms and conditions set forth in the relevant Contract.

Security. When While providing Banking Services, the Bank may shall be entitled to require that its receivables Client’s debts owed to it by the Client Bank be secured with a reasonable security or additional security, and to do so even during in the course of the provision of a given Banking Service, especially upon in case of a significant deterioration of Client’s 's financial condition situation or considerable change in its his/her legal position. The Bank may consider the failure to provide such a security or additional security to may be considered by the Bank as a substantial breach violation of the Contract by the Client.