Common use of Currency Conversion Xxxx-up Clause in Contracts

Currency Conversion Xxxx-up. Acquirer, after consulting with GPPC, will set the Currency Conversion Xxxx-up for each Acquirer Merchant location (which will apply to all DCC Transactions submitted to Planet Payment from such location under the Program) and will notify Planet Payment of such Currency Conversion Xxxx-up in the set up form for such location. Acquirer after consulting with GPPC, shall have the right to change the Currency Conversion Xxxx-up for any Acquirer Merchant upon not less than 48 hours notice by GPPC to Planet Payment. GPPC agrees that in setting the Currency Conversion Xxxx-up Acquirer will not generally offer across Acquirer’s Merchant portfolio in the Designated Territory amounts that are significantly lower than the prevailing market practice in the Designated Territory. However, exceptions to that general rule may be made, in Acquirer’s sole discretion, on a case by case basis where reasonably required, in Acquirer’s sole opinion, to secure particular Merchant business. Subject to the foregoing sentence, GPPC agrees that for the initial launch of the Program and for six months thereafter, Acquirer shall set the Currency Conversion Xxxx-up at [*] of the Base Conversion Rate.

Currency Conversion Xxxx-up. Acquirer, after consulting with GPPCin its sole discretion, will set the Currency Conversion Xxxx-Xxxx up for each Acquirer Merchant location (which will apply to all DCC Transactions submitted to Planet Payment from such location under the Program) and will notify Planet Payment of such Currency Conversion Xxxx-up in the set up form for such location. Acquirer after consulting with GPPC, shall have the right to change the Currency Conversion Xxxx-up for any Acquirer Merchant upon not less than 48 hours notice by GPPC to Planet Payment. GPPC Acquirer agrees that in setting the Currency Conversion Xxxx-Xxxx up Acquirer it will not generally offer across Acquirer’s its Merchant portfolio in the Designated Territory amounts that are significantly lower than the prevailing market practice in the Designated Territory. However, exceptions to that general rule may be made, in Acquirer’s sole discretion, on a case by case basis where reasonably required, in Acquirer’s sole opinion, to secure particular Merchant business. Subject to the foregoing sentence, GPPC Acquirer agrees that for the initial launch of the Program and for six months thereafter, Acquirer shall set the Currency Conversion Xxxx-up Markup shall be set at [*] of the Base Conversion Rate.