Exchange Rate Risk. Any foreign-currency debt that Contractor may incur as a result of any credit hereunder shall be repaid by Contractor using the foreign currency or New Taiwan Dollars. Contractor who repays the debt using New Taiwan Dollars shall agree that Bank may select and apply the spot exchange selling rate of Bank on the maturity or repayment date of the debt, provided that any repayment ahead of schedule shall be subject to the consent of Bank.
Appears in 4 contracts
Samples: www.sec.gov, Applied Optoelectronics, Inc., Applied Optoelectronics, Inc.
