Common use of Expedited Delivery Fee Clause in Contracts

Expedited Delivery Fee. Except as provided below, a fee of $25 will be charged if the Business requests and we agree to arrange for expedited delivery of any Card to the Business (for example, by an overnight delivery service). Transactions Made in Foreign Currencies If a transaction is made in a foreign currency, the company processing that transaction will convert the transaction into a U.S. dollar amount, and we will charge the Account for the converted amount. The currency exchange will be done by a method and at a rate determined by the company that processes the transaction. The exchange rate in effect on the processing date may be different from the exchange rate in effect on the transaction date or the posting date. If the Business makes a return or gets a refund, the same procedures apply. The amount of any return or refund credit may be different from the amount of the original transaction because the exchange rate may change from day to day. Cardholder Accounts If the Business at any time wishes either to have a new Card issued, or to cancel, increase, reduce, or otherwise change any limit or other requirement on any outstanding Card, an authorized representative of the Business shall notify us in writing of the requested action and the requested date of such action, which request shall constitute an amendment to the application for the Account. Upon the cancellation of any Card or the termination of any Cardholder Account, the Business promptly will notify the Authorized Cardholder and will use its best efforts to obtain the canceled Card and destroy the Card. Upon cancellation of a Card (other than a lost or stolen Card about which the Bank has received notice) or termination of any Cardholder Account (including termination resulting from the Authorized Cardholder’s termination of employment for which the Business provided notice to us), the Business shall remain liable for all outstanding balances incurred by the use of the Card prior to such cancellation or termination, including all outstanding balances for transactions that may be posted to the Cardholder Account by a merchant after cancellation or termination, as well as all fees or other charges of any type with respect to that Cardholder Account. Upon our reduction of or change in any limit or other requirement on any outstanding Card, the Business promptly shall notify the Authorized Cardholder. Notwithstanding any such notice, the Business shall remain liable for all amounts incurred by the use of the Card. Termination We may reduce the Credit Limit or terminate the Business’ ability to receive additional credit under this Agreement at any time without notice, unless restricted by applicable law. The Business may terminate its ability to receive additional credit under this Agreement by giving us notice of termination and returning to us or destroying all Cards. Termination by the Business will be effective after we have received its written notice and had a reasonable opportunity to act on it. If the Business’ ability to receive additional credit under this Agreement is terminated, either by the Business or by us, this Agreement is not terminated. The Business’ obligations and our rights under this Agreement shall remain effective until all amounts due under this Agreement have been paid in full. If the Business is not in default at the time of termination, the Business may pay off any balance under the terms of this Agreement that apply at that time. Default The Business will be in default under this Agreement if any of the following events occur: (1) the Business fails to make any payment required under this Agreement when due; (2) the Business fails to perform or abide by any of its agreements or obligations under this Agreement or any other loan agreement the Business has with us or with any other creditor; (3) the Business becomes insolvent (meaning its liabilities exceed its assets or it is unable to pay its debts as they become due); (4) any action is taken by or against the Business under any bankruptcy or insolvency laws; (5) any attachment or garnishment proceedings are initiated against the Business; (6) any individual who agreed to be responsible for the Account dies or is declared incompetent; (7) we, in good faith, believe the prospect of the Business’ payment or performance under this Agreement is impaired; or (8) the Business fails or refuses to provide current financial information to us when we request it. Upon the occurrence of any event of default, all amounts the Business owes under this Agreement will become immediately due and payable in full. The Business must also return to us all Cards issued in connection with the Account. Default shall not release the Business from any obligation the Business has incurred under this Agreement. After default, the Business’ obligations and our rights under this Agreement shall remain effective until all amounts due under this Agreement have been paid in full.

Expedited Delivery Fee. Except as provided below, a fee of $25 will be charged if the Business requests and we agree to arrange for expedited delivery of any Card to the Business (for example, by an overnight delivery service). Transactions Made in Foreign Currencies If a transaction is made in a foreign currency, the company processing that transaction will convert the transaction into a U.S. dollar amount, and we will charge the Account for the converted amount. The currency exchange will be done by a method and at a rate determined by the company that processes the transaction. The exchange rate in effect on the processing date may be different from the exchange rate in effect on the transaction date or the posting date. If the Business makes a return or gets a refund, the same procedures apply. The amount of any return or refund credit may be different from the amount of the original transaction because the exchange rate may change from day to day. Cardholder Accounts If the Business at any time wishes either to have a new Card issued, or to cancel, increase, reduce, or otherwise change any limit or other requirement on any outstanding Card, an authorized representative of the Business shall notify us in writing of the requested action and the requested date of such action, which request shall constitute an amendment to the application for the Account. Upon the cancellation of any Card or the termination of any Cardholder Account, the Business promptly will notify the Authorized Cardholder and will use its best efforts to obtain the canceled Card and destroy the Card. Upon cancellation of a Card (other than a lost or stolen Card about which the Bank has received notice) or termination of any Cardholder Account (including termination resulting from the Authorized Cardholder’s termination of employment for which the Business provided notice to us), the Business shall remain liable for all outstanding balances incurred by the use of the Card prior to such cancellation or termination, including all outstanding balances for transactions that may be posted to the Cardholder Account by a merchant after cancellation or termination, as well as all fees or other charges of any type with respect to that Cardholder Account. Upon our reduction of or change in any limit or other requirement on any outstanding Card, the Business promptly shall notify the Authorized Cardholder. Notwithstanding any such notice, the Business shall remain liable for all amounts incurred by the use of the Card. Termination We may reduce the Credit Limit or terminate the Business’ ability to receive additional credit under this Agreement at any time without notice, unless restricted by applicable law. The Business may terminate its ability to receive additional credit under this Agreement by giving us notice of termination and returning to us or destroying all Cards. Termination by the Business will be effective after we have received its written notice and had a reasonable opportunity to act on it. If the Business’ ability to receive additional credit under this Agreement is terminated, either by the Business or by us, this Agreement is not terminated. The Business’ obligations and our rights under this Agreement shall remain effective until all amounts due under this Agreement have been paid in full. If the Business is not in default at the time of termination, the Business may pay off any balance under the terms of this Agreement that apply at that time. Default The Business will be in default under this Agreement if any of the following events occur: (1) the Business fails to make any payment required under this Agreement when due; (2) the Business fails to perform or abide by any of its agreements or obligations under this Agreement or any other loan agreement the Business has with us or with any other creditor; (3) the Business becomes insolvent (meaning its liabilities exceed its assets or it is unable to pay its debts as they become due); (4) any action is taken by or against the Business under any bankruptcy or insolvency laws; (5) any attachment or garnishment proceedings are initiated against the Business; (6) any individual who agreed to be responsible for the Account dies or is declared incompetent; (7) we, in good faith, believe the prospect of the Business’ payment or performance under this Agreement is impaired; or (8) the Business fails or refuses to provide current financial financial information to us when we request it. Upon the occurrence of any event of default, all amounts the Business owes under this Agreement will become immediately due and payable in full. The Business must also return to us all Cards issued in connection with the Account. Default shall not release the Business from any obligation the Business has incurred under this Agreement. After default, the Business’ obligations and our rights under this Agreement shall remain effective until all amounts due under this Agreement have been paid in full.