Dynamic Currency Conversion (DCC) Sample Clauses

Dynamic Currency Conversion (DCC). (i) The Dynamic Currency Conversion enables certain of Merchant’s customers, whose Cards are denominated in certain currencies (“Program Currency”) other than Canadian Dollars (“Foreign Cardholders”), to present a Card at Merchant’s point-of-sale and to pay for a purchase in the currency of the Foreign Cardholder, based upon a rate of exchange determined by Peoples Trust, while Merchant receives settlement of the foreign transaction in Canadian Dollars (collectively, a “Foreign Transaction”).
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Dynamic Currency Conversion (DCC). If approved by Xxxxx, Merchant may offer Dynamic Currency Conversion (DCC). If the Merchant offers DCC to Cardholders, the Cardholder must be informed of the current exchange rate and any fees, and must agree to pay in their own currency before the Merchant completes the transaction as a DCC transaction. If the Cardholder does not agree to pay in their own currency, the Merchant must complete the transaction in its own local currency. Current exchange rates are fixed daily on banking days by the DCC provider. The currency tables in the payment terminals are updated automatically. Settlement of DCC transactions will be based on the original transaction amount in the local currency, i.e. the amount prior to DCC conversion. DCC is not permitted for domestic Card Payments, i.e. where the Payment Card and the Merchant have the same local currency. DCC is only permitted for payments with foreign Mastercard and Visa. Authorisation requests must be sent to Xxxxx in the Transaction Currency and stating the final transaction amount, i.e. the amount after DCC.
Dynamic Currency Conversion (DCC). 3.6.1. The Merchant may offer Dynamic Currency Conver- sion (DCC) if the Merchant has entered into an agree- ment with Nets in this regard and if the Merchant’s payment terminal or payment solution has been configured for this purpose and approved by Nets.
Dynamic Currency Conversion (DCC). 1.1. INTRODUCTION Dynamic Currency Conversion ("DCC") is a financial service in which Cardholders of Non Euro Cards, have the option of converting the Transaction amount into their billing currency when making a Transaction at a Merchant located in Greece ("DCC Transaction"). In the case of a DCC Transaction, epay converts the purchase amount into the Cardholder's billing currency instead of the Card issuing institution.("DCC Services").

Related to Dynamic Currency Conversion (DCC)

  • Currency Conversion (a) For the purpose of, or pending the discharge of, any of the Secured Liabilities the Security Agent may convert any moneys received or recovered by the Security Agent from one currency to another, at a market rate of exchange.

  • Currency Conversions If you pay for goods and services in a currency other than the Denominated Currency, the amount payable will be converted at the relevant Card Network's reference exchange rate at the clearing time of the Card Transaction, and a foreign exchange fee will apply. The Card Network’s reference exchange rate, and a comparison as against the latest available foreign exchange rates issued by the European Central Bank, are outlined by Visa here and Mastercard here (as may be updated from time to time). The requirements in Article 3a(5) and (6) of Regulation (EC) No 924/2009 (as amended) will not apply for the purposes of these Stripe Issuing Accountholder Terms. When loading funds onto the Stripe Issuing Account and paying in a currency other than the Denominated Currency, the applicable exchange rate will be shown at the time of the Card Transaction. A loading foreign exchange fee will also apply.

  • Foreign Transactions; Currency Conversion Purchases and cash advances made in foreign currencies will be billed to you in U.S. dollars. The conversion rate in dollars will be a rate selected by the card company from a range of rates available in wholesale currency markets for the applicable central processing date, which rate may vary from the rate the card company itself receives, or the government-mandated rate in effect for the applicable central processing date in each instance. All transactions processed outside of the United States (which may include internet transactions) will be charged a foreign transaction fee in the amount disclosed on your Truth-in-Lending Statement (as amended from time to time).

  • Conversion to Single Currency 31.1 For evaluation and comparison purposes, the currency(ies) of the Tender shall be converted in a single currency as specified in the TDS.

  • Casual Conversion (a) A casual employee who has been rostered on a regular and systematic basis over a period of 26 weeks has the right to request conversion to permanent employment:

  • Funding of Gross Settlement Amount Defendant shall fully fund the Gross Settlement Amount, and also fund the amounts necessary to fully pay Defendant’s share of payroll taxes by transmitting the funds to the Administrator no later than 14 days after the Effective Date.

  • Tender Currencies 2.11.1 Prices shall be quoted in Kenya Shillings unless otherwise specified in the Appendix to Instructions to Tenderers.

  • Designation of a Different Lending Office If any Lender requests compensation under Section 3.04, or the Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.01, or if any Lender gives a notice pursuant to Section 3.02, then such Lender shall use reasonable efforts to designate a different Lending Office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 3.01 or 3.04, as the case may be, in the future, or eliminate the need for the notice pursuant to Section 3.02, as applicable, and (ii) in each case, would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender. The Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment.

  • Canadian Currency All monies payable to or from this plan shall be payable in Canada in Canadian currency.

  • Conversion Notwithstanding any other provisions of this Declaration or the By-Laws of the Trust, a favorable vote of a majority of the Trustees then in office followed by the favorable vote of the holders of not less than seventy-five percent (75%) of the Shares of each affected class or series outstanding, voting as separate classes or series, shall be required to approve, adopt or authorize an amendment to this Declaration that makes the Shares a "redeemable security" as that term is defined in the 1940 Act, unless such amendment has been approved by 80% of the Trustees, in which case approval by a Majority Shareholder Vote shall be required. Upon the adoption of a proposal to convert the Trust from a "closed-end company" to an "open-end company" as those terms are defined by the 1940 Act and the necessary amendments to this Declaration to permit such a conversion of the Trust's outstanding Shares entitled to vote, the Trust shall, upon complying with any requirements of the 1940 Act and state law, become an "open-end" investment company. Such affirmative vote or consent shall be in addition to the vote or consent of the holders of the Shares otherwise required by law, or any agreement between the Trust and any national securities exchange.

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