Exchange Fee definition
Examples of Exchange Fee in a sentence
If the Account Currency is in Philippine Pesos and the Cardholder uses his Card outside the Philippines, the transaction shall be converted to its Philippine Peso equivalent based on the Visa Foreign Exchange rate at the time of the transaction plus 3% Foreign Exchange Fee and bank charges, as applicable.
Similarly, if the Account Currency is in US Dollars and the Cardholder uses his/her Card at a Philippine peso-denominated, Visa-affiliated merchant, the transaction amount will be converted to its US dollar equivalent based on the prevailing Visa Foreign Exchange rate at the time of the transaction plus 3% Foreign Exchange Fee and bank charges, as applicable.
Such exchange will be completed by the Trustee upon the receipt by the Trustee of the Exchange Fee and the beneficial interest in the Depositable Certificates or the Exchangeable Certificates, as applicable.
AJW shall charge the Customer a non-conformance fee of fifteen percent (15%) of the Loan Fee or Exchange Fee every two (2) week period thereafter until the statement has been received.
If Borrower designates a Property that is owned by an Exchange Fee Titleholder to be included as an Unencumbered Property, then the Subsidiary of Borrower that is master leasing such Property shall execute a joinder to the Subsidiary Guaranty and shall be a Subsidiary Guarantor during the period of time that the exchange is pending.