Common use of Foreign Transactions; Currency Conversion Clause in Contracts

Foreign Transactions; Currency Conversion. Purchases and cash advances made in foreign currencies will be debited from your account in U.S. dollars. The conversion rate in dollars will be (1) a rate selected by MasterCard from a range of rates available in wholesale currency markets for the applicable central processing date, which rate may vary from the rate MasterCard itself receives; or (2) the government-mandated rate in effect for the applicable central processing date in each instance.

Appears in 10 contracts

Samples: Membership and Account Agreement, Membership and Account Agreement, Membership and Account Agreement

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Foreign Transactions; Currency Conversion. Purchases and cash advances made in foreign currencies will be debited from your account in U.S. dollars. The conversion rate in dollars will be (1) a rate selected by MasterCard from a range of rates available in wholesale currency markets for the applicable central processing date, which rate may vary from the rate MasterCard itself receives; or (2) the government-mandated rate in effect for the applicable central processing date in each instance.or

Appears in 2 contracts

Samples: Electronic Funds Transfer Agreement, Electronic Funds Transfer Agreement

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Foreign Transactions; Currency Conversion. Purchases and cash advances made in foreign currencies will be debited from your account in U.S. dollars. The conversion exchange rate for transactions in dollars a foreign currency will be (1) a rate selected by MasterCard Mastercard International from a range of rates available in wholesale currency markets for the applicable central processing date, which rate may vary from the rate MasterCard Mastercard itself receives; or (2) the government-mandated rate in effect for the applicable central processing date in each instance.or

Appears in 1 contract

Samples: Member Account Agreement

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