Common use of Balances Clause in Contracts

Balances. If you hold a balance, PayPal will hold your funds in pooled accounts separate from its corporate funds, and it will not use your funds for its operating expenses or for any other corporate purposes. PayPal will not voluntarily make your funds available to its creditors in the event of bankruptcy. You will not receive interest or other earnings on the amounts in your balance. PayPal may receive interest on amounts that PayPal holds on your behalf. You agree to assign your rights to PayPal for any interest derived from your funds.

Appears in 10 contracts

Samples: User Agreement, User Agreement, www.paypalobjects.com

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Balances. If you hold a balance, PayPal will hold your funds in pooled accounts separate from its corporate funds, and it will not use your funds for its operating expenses or for any other anyother corporate purposes. PayPal will not voluntarily make voluntarilymake your funds available to its creditors in the event of bankruptcy. You will not receive interest or other earnings on the amounts in your balance. PayPal may receive mayreceive interest on amounts that PayPal holds on your behalf. You agree to assign your rights to PayPal for any interest derived from your funds.

Appears in 1 contract

Samples: Policy Updates

Balances. You do not need to maintain a Balance in your Account in order to make payments. If you do hold a balanceBalance, PayPal will hold your funds in pooled accounts separate from its corporate funds, and it will not use your funds for its operating expenses or for any other corporate purposes. PayPal purposes and will not voluntarily make your funds available to its creditors in the event of bankruptcy. You While your funds are in our custody, PayPal will not receive interest combine your funds with the funds of other Users and place those Pooled Accounts in one or other earnings on the amounts more bank accounts in your balance. PayPal may receive interest on amounts that PayPal holds on your behalf. You agree to assign your rights to PayPal for any interest derived from your fundsPayPal’s name.

Appears in 1 contract

Samples: User Agreement

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Balances. If you hold a balanceBalance, PayPal will hold your funds in pooled accounts separate from its corporate funds, and it will not use your funds for its operating expenses or for any other corporate purposes. PayPal will not voluntarily make your funds available to its creditors in the event of bankruptcy. You will not receive interest or other earnings on the amounts in your balanceBalance. PayPal may receive interest on amounts that PayPal holds on your behalf. You agree to assign your rights to PayPal for any interest derived from your funds.

Appears in 1 contract

Samples: User Agreement

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