Common use of INTERESTS, FEES, COMMISSIONS AND TAXES Clause in Contracts

INTERESTS, FEES, COMMISSIONS AND TAXES. 1. Contractual and delay interests, fees, charges and commissions to be applied by the Bank are at the rates and in the amounts specified in this Agreement and in Exhibit 1, being an exhibit to and an integral part of this Agreement, and the interest rates will not be above the maximum rates published by the Central Bank of the Republic of Turkey. 2. The Customer hereby agrees and undertakes to pay to the Bank not only the fees, charges and commissions specified in this Agreement and in Exhibit 1 hereof, but also the fees, charges and commissions determined by the Bank. All kinds of taxes, duties, funds and other accessory debts, such as RUSF and BITT, to be levied on all interests, fees, charges, awards and other moneys specified in this Agreement and its exhibits will also be paid by the Customer separately from the said debts. The Customer will not be requested to make any payment, other than those specified in this Agreement and its exhibits, and those notified as a part of the contract revision procedure. The Customer further acknowledges that in accordance with the provisions of the Law no. 5464 and other applicable laws and regulations, the Bank may increase the following fees and charges and may charge new fees and commissions by sending a prior notice in connection therewith. 3. For increases made in the fees and charges in a calendar year at a rate below 1.2 times the yearly consumer prices index increase rate declared and published by the Turkish Statistics Institute as of the end of the previous year, the Customer will be informed thereabout in writing by an Account Statement sent at least 30 days prior to the effective date of increase. Upon this notification, the Customer will have the right to cease using the products or services covered by this Agreement within 15 days following the date of receipt of the said notice. If this right is used, no additional fee will be charged on and collected from the Customer as after the effective date of increase in fees. The fee increase will be applied on the Customer if the right of withdrawal is not used by the Customer by the end of this period of time. The Bank will be entitled to stop supplying the products covered by this Agreement to the Customer upon use of his right of withdrawal. A separate consent or approval of the Credit Customer will be received in the case of increases made in the fees and charges in a calendar year at a rate equal to or above 1.2 times the yearly consumer prices index increase rate declared and published by the Turkish Statistics Institute as of the end of the previous year. 4. The Customer hereby acknowledges and accepts that the Bank will be authorized to collect the fees specified in this Agreement and its exhibits by debiting the same to the Customer’s credit card account, deposit account and if instructed so by the Customer, to the Customer’s overdraft deposit account. 5. Rates and amounts of fees and charges stated in this Section “E” are given in Exhibit I, being an exhibit to and an integral part of this Agreement. 6. Free Credit Cards are not eligible for particular features (such as winning chip-money in locations which are not Merchants) or campaigns applied on other credit cards of the Bank.