Leo210856
Winger
And 2019 changes
27. Security
27.1 If any part of Lloyds Banking Group holds security in respect of any liabilities of the Retailer to Lloyds Bank plc, then any sums due from the Retailer to the Bank under this Agreement will be secured upon such security.
27.2 Lloyds Bank plc may at any time without notice to the Retailer set off, against any sums due from Lloyds Bank plc (whether or not in connection with this Agreement) to the Retailer, any sums due from the Retailer to the Bank or which in the Bank’s reasonable opinion are likely to fall due but to remain unpaid by the Retailer.
27.3 The Bank may at any time by notice require the Retailer to give security, in such form as the Bank shall determine, in respect of all sums due at any time under this Agreement or any loss or damage that the Bank may suffer under this Agreement (including any future Chargeback risk). The Retailer must comply with the Bank’s request within the timescale specified in the notice.
28. Variation
The Bank may from time to time vary this Agreement (including the Retailer Operating Manual) upon written notice to the Retailer. The Bank will give the Retailer at least 30 (thirty) days notice of any variation
27. Security
27.1 If any part of Lloyds Banking Group holds security in respect of any liabilities of the Retailer to Lloyds Bank plc, then any sums due from the Retailer to the Bank under this Agreement will be secured upon such security.
27.2 Lloyds Bank plc may at any time without notice to the Retailer set off, against any sums due from Lloyds Bank plc (whether or not in connection with this Agreement) to the Retailer, any sums due from the Retailer to the Bank or which in the Bank’s reasonable opinion are likely to fall due but to remain unpaid by the Retailer.
27.3 The Bank may at any time by notice require the Retailer to give security, in such form as the Bank shall determine, in respect of all sums due at any time under this Agreement or any loss or damage that the Bank may suffer under this Agreement (including any future Chargeback risk). The Retailer must comply with the Bank’s request within the timescale specified in the notice.
28. Variation
The Bank may from time to time vary this Agreement (including the Retailer Operating Manual) upon written notice to the Retailer. The Bank will give the Retailer at least 30 (thirty) days notice of any variation