Common use of Foreign Transactions Clause in Contracts

Foreign Transactions. For transactions initiated in foreign countries and foreign currencies, the exchange rate between the transaction currency and the billing currency (U.S. dollars) will be: (a) a rate selected by VISA from the range of rates available in wholesale currency markets for the applicable central processing date, which rate may vary from the rate VISA itself receives; or (b) the government- mandated rate in effect for the applicable central processing date. For transactions that are initiated in a foreign currency, You will be charged 1.00% of the final settlement amount. For transactions occurring in foreign countries and initiated in U.S. Dollars, You will be charged 1.00% of the final settlement amount. Transactions initiated via the internet with merchants or other parties located outside of the United States of America are deemed to occur in the foreign country where the merchant or other party is located.

Appears in 8 contracts

Samples: Credit Line Account Agreement, Credit Line Account Agreement, Credit Line Account Agreement

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Foreign Transactions. For transactions initiated in foreign countries and foreign currencies, the exchange rate between the transaction currency and the billing currency (U.S. dollarsDollars) will be: (a) a rate selected by VISA from the range of rates available in wholesale currency markets for the applicable central processing date, which rate may vary from the rate VISA itself receives; or (b) the government- government-mandated rate in effect for the applicable central processing date. For transactions that are initiated in a foreign currency, You will be charged 1.00% of the final settlement amount. For transactions occurring in foreign countries and initiated in U.S. Dollars, You will be charged 1.00% of the final settlement amount. Transactions initiated via the internet with merchants or other parties located outside of the United States of America are deemed to occur in the foreign country where the merchant or other party is located.

Appears in 5 contracts

Samples: Membership Agreements, Business Agreements and Disclosures, Business Agreements and Disclosures

Foreign Transactions. For transactions initiated in foreign countries and foreign currencies, the exchange rate between the transaction currency and the billing currency (U.S. dollarsDollars) will be: (a) a rate selected by VISA MasterCard from the range of rates available in wholesale currency markets for the applicable central processing date, which rate may vary from the rate VISA MasterCard itself receives; or (b) the government- government-mandated rate in effect for the applicable central processing date. For In each instance You will be charged 9/10th of 1.00% calculated on the final settlement amount for transactions that are initiated in foreign countries, and if Your transaction is also initiated in a foreign currency, currency You will be charged an additional 2/10th of 1.00% of calculated on the final settlement amount. For transactions occurring in foreign countries and initiated in U.S. Dollars, You will be charged 1.00% of the final converted settlement amount. Transactions initiated via the internet with merchants or other parties located outside of the United States of America are deemed to occur in the foreign country where the merchant or other party is located.

Appears in 5 contracts

Samples: Arbitration Provision, Membership Application & Agreement, Membership Application & Agreement

Foreign Transactions. For transactions initiated in foreign countries and foreign currencies, the exchange rate between the transaction currency and the billing currency (U.S. dollarsDollars) will be: (a) a rate selected by VISA from the range of rates available in wholesale currency markets for the applicable central processing date, which rate may vary from the rate VISA itself receives; or (b) the government- government-mandated rate in effect for the applicable central processing date. For transactions that are initiated in a foreign currency, You will be charged 1.00% of the final settlement amount. For transactions occurring in foreign countries and initiated in U.S. Dollars, You will be charged 1.000.80% of the final settlement amount. Transactions initiated via the internet with merchants or other parties located outside of the United States of America are deemed to occur in the foreign country where the merchant or other party is located.

Appears in 3 contracts

Samples: Membership Agreements and Disclosures, Membership Agreements, Membership Agreements

Foreign Transactions. For transactions initiated in foreign countries and foreign currencies, the exchange rate between the transaction currency and the billing currency (U.S. dollars) will be: (a) a rate selected by VISA from the range of rates available in wholesale currency markets for the applicable central processing date, which rate may vary from the rate VISA itself receives; or (b) the government- mandated rate in effect for the applicable central processing date. For transactions that are initiated in a foreign currency, You will be charged 1.00% of the final settlement amount. For transactions occurring in foreign countries and initiated in U.S. Dollars, You will be charged 1.000.80% of the final settlement amount. Transactions initiated via the internet with merchants or other parties located outside of the United States of of‌‌ America are deemed to occur in the foreign country where the merchant or other party is located.

Appears in 2 contracts

Samples: Business Agreements and Disclosures, Business Agreements and Disclosures

Foreign Transactions. For transactions initiated in foreign countries and involving foreign currencies, the exchange rate between the transaction currency and the billing currency (U.S. dollars) will be: (a) a rate selected by VISA Mastercard from the range of rates available in wholesale currency markets for the applicable central processing date, which rate may vary from the rate VISA Mastercard itself receives; or (b) the government- government-mandated rate in effect for the applicable central processing date. For both transactions that are initiated in a foreign currencycountries, and transactions involving foreign currency You will be charged 1.00% of the final settlement amount. For transactions occurring in foreign countries and initiated in U.S. Dollars, You will be charged 1.00% of calculated on the final settlement amount. Transactions initiated via the internet with merchants or other parties located outside of the United States of America are deemed to occur in the foreign country where the merchant or other party is located. You are subject to these charges even if You initiate a foreign transaction from within the United States.

Appears in 1 contract

Samples: Electronic Services Agreement

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Foreign Transactions. For transactions initiated in foreign countries and foreign currencies, the exchange rate between the transaction currency and the billing currency (U.S. dollars) will be: (a) a rate selected by VISA from the range of rates available in wholesale currency markets for the applicable central processing date, which rate may vary from the rate VISA itself receives; or (b) the government- mandated rate in effect for the applicable central processing date. For transactions that are initiated in a foreign currency, You will be charged 1.00% of the final settlement amount. For transactions occurring in foreign countries and initiated in U.S. Dollars, You will be charged 1.00% of the final settlement amount. Transactions initiated via the internet with merchants or other parties located outside of the United States of America are deemed to occur in the foreign country where the merchant or other party is located.

Appears in 1 contract

Samples: Credit Line Account Agreement

Foreign Transactions. For transactions initiated in foreign countries and foreign currencies, the exchange rate between the transaction currency and the billing currency (U.S. dollarsDollars) will be: (a) a rate selected by VISA from the range of rates available in wholesale currency markets for the applicable central processing date, which rate may vary from the rate VISA itself receives; or (b) the government- government-mandated rate in effect for the applicable central processing date. For transactions that are initiated in a foreign currency, You will be charged 1.00% of the final settlement amount. For transactions occurring in foreign countries and initiated in U.S. Dollars, You will be charged 1.00% of the final settlement amount. Transactions initiated via the internet with merchants or other parties located outside of the United States of America are deemed to occur in the foreign country where the merchant or other party is located.

Appears in 1 contract

Samples: Credit Line Account Agreement

Foreign Transactions. For transactions initiated in foreign countries and foreign currencies, the exchange rate between the transaction currency and the billing currency (U.S. dollarsDollars) will be: (a) a rate selected by VISA MasterCard from the range of rates available in wholesale currency markets for the applicable central processing date, which rate may vary from the rate VISA MasterCard itself receives; or (b) the government- government-mandated rate in effect for the applicable central processing date. For In each instance You will be charged 9/10th of 1.00% calculated on the final settlement amount for transactions that are initiated in foreign countries, and if Your transaction is also initiated in a foreign currency, currency You will be charged an additional 2/10th of 1.00% of calculated on the final settlement amount. For transactions occurring in foreign countries and initiated in U.S. Dollars, You will be charged 1.00% of the final converted settlement amount. Transactions initiated via the internet with merchants or other parties located locate outside of the United States of America are deemed to occur in the foreign country where the merchant or other party is located.

Appears in 1 contract

Samples: Arbitration Provision

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