Common use of Currency Conversion Xxxx-up Clause in Contracts

Currency Conversion Xxxx-up. Acquirer, in its sole discretion, 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 shall have the right to change the Currency Conversion Xxxx-up for any Acquirer Merchant upon not less than 48 hours notice to Planet Payment. Acquirer agrees that in setting the Currency Conversion Xxxx up it will not generally offer across 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, Acquirer agrees that for the initial launch of the Program and for six months thereafter, the Currency Conversion Markup shall be set at [*] of the Base Conversion Rate.

Currency Conversion Xxxx-up. Acquirer, in its sole discretionafter consulting with GPPC, 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. Acquirer GPPC agrees that in setting the Currency Conversion Xxxx Xxxx-up it Acquirer will not generally offer across its 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, Acquirer GPPC agrees that for the initial launch of the Program and for six months thereafter, Acquirer shall set the Currency Conversion Markup shall be set Xxxx-up at [*] of the Base Conversion Rate.