Common use of International Transactions Clause in Contracts

International Transactions. As the result of time zones and other circumstances, international transactions, including both deposits and withdrawals, may take place over the course of several Business Days. In certain circumstances, such as returned Items, an international transaction may take place on multiple Business Days over the course of a lengthy period of time (more than 30 Business Days). International transactions are always subject to changes in the currency exchange rate, which fluctuates on a daily basis. Changes in the currency exchange rate are likely to create a difference between the Provisional Credit we Memo Post at the time of the transaction and the actual amount received from the other institution at the time of Final Settlement of the Item. We reserve the right to adjust the Provisional Credit to consider these fluctuations in the currency exchange rate which under certain circumstances may result in you owing us more if, for example, an international transaction results in an Overdraft because of the fluctuation in the exchange rate between the time of the credit to your Account and the Final Settlement.

Appears in 3 contracts

Samples: Deposit Account Agreement, Deposit Account Agreement, Deposit Account Agreement

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International Transactions. As the result of time zones and other circumstances, international transactions, including both deposits and withdrawals, withdrawals may take place over the course of several Business Days. In certain circumstances, such as returned return Items, an international transaction may take place on multiple Business Days over the course of a lengthy period of time (more than 30 Business Daysdays). International transactions are always subject to changes in the currency exchange rate, which fluctuates on a daily basis. Changes in the currency exchange rate are likely to create a difference between the Provisional Credit we Memo Post at the time of the transaction and the actual amount received from the other institution at the time of Final Settlement of the Item. We reserve the right to adjust the Provisional Credit to consider these fluctuations in the currency exchange rate which under certain circumstances may result in you owing us more if, for example, an international transaction results in an Overdraft because of the fluctuation in the exchange rate between the time of the credit to your Account and the Final Settlement.

Appears in 2 contracts

Samples: Deposit Account Agreement, Deposit Account Agreement

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International Transactions. As the result of time zones and other circumstances, international transactions, including both deposits and withdrawals, may take place over the course of several Business Days. In certain circumstances, such as returned Items, an international transaction may take place on multiple Business Days over the course of a lengthy period of time (more than 30 Business Days). International transactions are always subject to changes in the currency exchange rate, which fluctuates on a daily basisdaily. Changes in the currency exchange rate are likely to create a difference between the Provisional Credit we Memo Post at the time of the transaction and the actual amount received from the other institution at the time of Final Settlement of the Item. We reserve the right to adjust the Provisional Credit to consider these fluctuations in the currency exchange rate which under certain circumstances may result in you owing us more if, for example, an international transaction results in an Overdraft because of the fluctuation in the exchange rate between the time of the credit to your Account and the Final Settlement.

Appears in 1 contract

Samples: Deposit Account Agreement

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