Common use of Illegal Transactions Clause in Contracts

Illegal Transactions. You may not use your Card for any illegal transaction. You agree that we may decline to process any transaction that we believe in good faith to be for an illegal purpose. You agree that we will not be liable for declining to process any such transaction. If we do process any transaction that ultimately is determined to have been for an illegal purpose, you agree that you will remain liable to us under this agreement for any such transaction notwithstanding its illegal nature. You agree that any illegal use of the Card will be deemed an FOREIGN CURRENCY CONVERSION: If you effect a transaction with your MasterCard card in a currency other than U.S. dollars, MasterCard International will convert the charge into a U.S. dollar amount. MasterCard International will use its currency-conversion procedure, which is disclosed to institutions that issue MasterCard cards. Currently the currency-conversion rate used by MasterCard International to determine the transaction amount in U.S. dollars for such transactions is generally either a government-mandated rate or a wholesale rate determined by MasterCard International for the processing cycle in which the transaction is processed, increased by an adjustment factor established from time to time by MasterCard International. The currency-conversion rate used by MasterCard International on the processing date may differ from the rate that would have been used on the purchase date or cardholder statement posting date. You agree that you will not cause or allow the Card to be used in any manner or for any transaction that we believe poses an undue risk or illegality and we may refuse to authorize any such use or transaction. You agree that any illegal use of the Card will be deemed an act of default under this Agreement.

Appears in 7 contracts

Samples: Credit Card Agreement, Credit Card Agreement, Credit Card Agreement

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Illegal Transactions. You may not use your Card for any illegal transaction. You agree that we may decline to process any transaction that we believe in good faith to be for an illegal purpose. You agree that we will not be liable for declining to process any such transaction. If we do process any transaction that ultimately is determined to have been for an illegal purpose, you agree that you will remain liable to us under this agreement for any such transaction notwithstanding its illegal nature. You agree that any illegal use of the Card will be deemed an FOREIGN CURRENCY CONVERSION: If you effect a transaction with your MasterCard card in a currency other than U.S. dollars, MasterCard International will convert the charge into a U.S. dollar amount. MasterCard International will use its currency-conversion procedure, which is disclosed to institutions that issue MasterCard cards. Currently the currency-conversion rate used by MasterCard International to determine the transaction amount in U.S. dollars for such transactions is generally either a government-mandated rate or a wholesale rate determined by MasterCard International for the processing cycle in which the transaction is processed, increased by an adjustment factor established from time to time by MasterCard International. The currency-conversion rate used by MasterCard International on the processing date may differ from the rate that would have been used on the purchase date or cardholder statement posting date. You agree that you will not cause or allow the Card to be used in any manner or for any transaction that we believe poses an undue risk or illegality and we may refuse to authorize any such use or transaction. You agree that any illegal use of the Card will be deemed an act of default under this Agreement.

Appears in 5 contracts

Samples: Credit Card Agreement, Credit Card Agreement, Credit Card Agreement

Illegal Transactions. You may not use your Card for any illegal transaction. You agree that we may decline to process any transaction that we believe in good faith to be for an illegal purpose. You agree that we will not be liable for declining to process any such transaction. If we do process any transaction that ultimately is determined to have been for an illegal purpose, you agree that you will remain liable to us under this agreement for any such transaction notwithstanding its illegal nature. You agree that any illegal use of the Card will be deemed an FOREIGN CURRENCY CONVERSION: If you effect a transaction with your MasterCard card in a currency other than U.S. dollars, MasterCard International will convert the charge into a U.S. dollar amount. MasterCard International will use its currency-conversion procedure, which is disclosed to institutions that issue MasterCard cards. Currently the currency-conversion rate used by MasterCard International to determine the transaction amount in U.S. dollars for such transactions is generally either a government-mandated rate or a wholesale rate determined by MasterCard International for the processing cycle in which the transaction is processed, increased by an adjustment factor established from time to time by MasterCard International. The currency-currency- conversion rate used by MasterCard International on the processing date may differ from the rate that would have been used on the purchase date or cardholder statement posting date. You agree that you will not cause or allow the Card to be used in any manner or for any transaction that we believe poses an undue risk or illegality and we may refuse to authorize any such use or transaction. You agree that any illegal use of the Card will be deemed an act of default under this Agreement.. Foreign Transaction Fee: Foreign transaction fees may apply for three types of transactions:

Appears in 1 contract

Samples: Credit Card Agreement

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Illegal Transactions. You may not use your Card for any illegal transaction. You agree that we may decline to process any transaction that we believe in good faith to be for an illegal purpose. You agree that we will not be liable for declining to process any such transaction. If we do process any transaction that ultimately is determined to have been for an illegal purpose, you agree that you will remain liable to us under this agreement for any such transaction notwithstanding its illegal nature. You agree that any illegal use of the Card will be deemed an FOREIGN CURRENCY CONVERSION: If you effect a transaction with your MasterCard card in a ina currency other than U.S. dollars, MasterCard International will convert the charge into a U.S. dollar amount. MasterCard International will use its currency-conversion procedure, which is disclosed to institutions that issue MasterCard cards. Currently the currency-conversion rate used by usedby MasterCard International to determine the transaction amount in U.S. dollars for such transactions is generally either a government-mandated rate or a wholesale rate determined by MasterCard International for the processing cycle in which the transaction is processed, increased by an adjustment factor established from time to time by MasterCard International. The currency-conversion rate used by MasterCard International on the processing date may differ from the rate that ratethat would have been used on the purchase date or cardholder statement posting date. You agree that agreethat you will not cause or allow the Card to be used in any manner or for any transaction that we believe webelieve poses an undue risk or illegality and we may refuse to authorize any such use or transaction. You agree that any illegal use of the Card will be deemed an act of default under this Agreement.thisAgreement. Foreign Transaction Fee: Foreign transaction fees may apply for three types of transactions:

Appears in 1 contract

Samples: Credit Card Agreement

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