Common use of DEPOSIT AND SECURITY Clause in Contracts

DEPOSIT AND SECURITY. 9.1 The Supplier reserves the right at its option to require a deposit or guarantee or such other security from the Customer as may be acceptable to the Supplier for an amount to be determined by the Supplier (the “deposit”) prior to the provision of any Service including without limitation in the event:- 9.1.1 that the Customer is in material breach of this Agreement; and/or 9.1.2 that there is in the opinion of the Supplier a significant change in the financial circumstances of the Customer which the Supplier considers may have a material adverse effect on the Supplier; and/or 9.1.3 that there is a re-commencement of the Services by the Supplier following a suspension or termination of the Services in accordance with this Agreement. 9.2 Details of the deposit, where applicable, will be notified to the Customer separately by the Supplier. 9.3 Deposits are payable on request and do not bear interest. If a deposit is not paid when requested we may suspend the pr ovision of the Service until such time as the deposit is paid. 9.4 The Supplier shall be entitled to apply all or any of the amount of the deposit against: 9.4.1 any unpaid Charges (including those already invoice, those in respect of interim invoices and those in respect of future invoices to be rendered in respect of Charges that have been incurred but unbilled); or 9.4.2 any other liability incurred by the Customer to the Supplier whether under this Agreement or otherwise.

DEPOSIT AND SECURITY. 9.1 The Supplier reserves the right at its option to require a deposit or guarantee or such other security from the Customer as may be acceptable to the Supplier for an amount to be determined by the Supplier (the “deposit”) prior to the provision of any Service including without limitation in the event:-event: 9.1.1 that the Customer is in material breach of this Agreement; and/or 9.1.2 that there is in the opinion of the Supplier a significant change in the financial circumstances of the Customer which the Supplier considers may have a material adverse effect on the Supplier; and/or 9.1.3 that there is a re-commencement of the Services by the Supplier following a suspension or termination of the Services in accordance with this Agreement. 9.2 Details of the deposit, where applicable, will be notified to the Customer separately by the Supplier. 9.3 Deposits are payable on request and do not bear interest. If a deposit is not paid when requested we the Supplier may suspend the pr ovision provision of the Service until such time as the deposit is paid. 9.4 The Supplier shall be entitled to apply all or any of the amount of the deposit against: 9.4.1 any unpaid Charges (including those already invoiceinvoiced, those in respect of interim invoices and those in respect of future invoices to be rendered in respect of Charges that have been incurred but unbilled); or 9.4.2 any other liability incurred by the Customer to the Supplier whether under this Agreement or otherwise.