Common use of Security Reserve Clause in Contracts

Security Reserve. 27.1 A rolling security reserve of five per cent (5%) of all amounts due to You may be withheld for up to 6 (six) months from the last day of the month in which the commission would have accrued. The security reserve will serve to guarantee any debt or liability from You to Us pursuant to these Terms and Conditions, such as in connection with Fraud, Chargebacks, Credits, etc.

Appears in 2 contracts

Sources: Services Agreement, Affiliate Agreement

Security Reserve. 27.1 A rolling security reserve of five per cent (5%) 8% of all amounts due to You you may be withheld for up to 6 (six) months from the last day of the month in which the commission would have accruedpayment due date. The security reserve will serve to guarantee any debt or liability from You you to Us us pursuant to these Terms and Conditionsthis Agreement, such as in connection with Fraud, Chargebacks, Credits, etc.

Appears in 1 contract

Sources: Affiliate Agreement