Basis of Pricing. The base interest rate = the arithmetic average of the overnight TAIBOR over the past three months + the margin determined, where “the arithmetic average of the overnight TAIBOR over the past three months” is based on the arithmetic average of the overnight TAIBOR published by “the Taipei Interbank Discount Center” and “the margin determined” will be the rate determined and subject to adjustment by the Bank in consideration of the funding cost, operational cost and interest risk. The Bank may in its sole discretion adjust the foresaid calculation to reflect the change of prevailing market environment.
Appears in 2 contracts
Sources: General Credit Facility Agreement (Applied Optoelectronics, Inc.), General Credit Facility Agreement (Applied Optoelectronics, Inc.)
Basis of Pricing. The base interest rate = the arithmetic average of the overnight TAIBOR over the past three months + the margin determined, where “the arithmetic average of the overnight TAIBOR over the past three months” is based on the arithmetic average of the overnight TAIBOR published by “the Taipei Interbank Discount Center” and “the margin determined” will be the rate determined and subject to adjustment by the Bank in consideration of the funding cost, operational cost and interest risk. The Bank may shall in its sole discretion adjust the foresaid calculation to reflect the change of prevailing market environment.
Appears in 1 contract
Sources: General Credit Facility Agreement (Applied Optoelectronics, Inc.)