Common use of Currency exchanges Clause in Contracts

Currency exchanges. a. If, as part of any Wire Transfer Request, Customer requests the conversion of one Currency to another, the resulting FX Transaction shall be subject to the terms of the Foreign Exchange Service Addendum (the “FX Addendum”) in addition to this Wire Addendum. In the event of any inconsistency between this Wire Addendum and the FX Addendum, the terms of the FX Addendum shall control with respect to the FX Transaction, but only to the extent of such inconsistency or discrepancy. Except for Wire Transfer Requests that qualify for Auto- Conversion (see below), the Exchange Rate will be as provided in the FX Addendum. b. When a Wire Transfer Request qualifies for Auto-Conversion, the funds will be automatically converted by our service provider from U.S. Dollars to the local Currency of the country where the Wire Transfer is being sent. The Exchange Rate for the Auto-Conversion shall be that established by the service provider and might not be the most favorable available currency Exchange Rate. If a Request is returned, the amended Request may be subject to an Exchange Rate different from that applied to the returned Request. i. A Request qualifies for Auto-Conversion if it is in U.S. Dollars, designates a beneficiary account in a foreign country, is in an amount less than or equal to Synovus’ then-current threshold amount for Auto- Conversion, and has not been excluded from the Auto-Conversion program by customer’s completion and submission to Synovus of our Optional Exclusion Form for the beneficiary of the Wire Transfer. ii. Customer represents and warrants to Synovus that it has disclosed to beneficiaries of Wire Transfers their option to be excluded from the Auto-Conversion program and has submitted an Optional Exclusion From for each beneficiary wishing to be excluded from such program.

Currency exchanges. a. If, as part of any Wire Transfer Request, Customer requests the conversion of one Currency to another, the resulting FX Transaction shall be subject to the terms of the Foreign Exchange Service Addendum (the “FX Addendum”) in addition to this Wire Addendum. In the event of any inconsistency between this Wire Addendum and the FX Addendum, the terms of the FX Addendum shall control with respect to the FX Transaction, but only to the extent of such inconsistency or discrepancy. Except for Wire Transfer Requests that qualify for Auto- Auto-Conversion (see below), the Exchange Rate will be as provided in the FX Addendum. b. When a Wire Transfer Request qualifies for Auto-Conversion, the funds will be automatically converted by our service provider from U.S. Dollars to the local Currency of the country where the Wire Transfer is being sent. The Exchange Rate for the Auto-Conversion shall be that established by the service provider and might not be the most favorable available currency Exchange Rate. If a Request is returned, the amended Request may be subject to an Exchange Rate different from that applied to the returned Request. i. 1) A Request qualifies for Auto-Conversion if it is in U.S. Dollars, designates a beneficiary account in a foreign country, is in an amount less than or equal to Synovus’ then-current threshold amount for Auto- Auto-Conversion, and has not been excluded from the Auto-Conversion program by customer’s completion and submission to Synovus of our Optional Exclusion Form for the beneficiary of the Wire Transfer. ii. 2) Customer represents and warrants to Synovus that it has disclosed to beneficiaries of Wire Transfers their option to be excluded from the Auto-Conversion program and has submitted an Optional Exclusion From for each beneficiary wishing to be excluded from such program.