Average Deposit Rate definition
Average Deposit Rate means the average of (1) the interest rate per annum quoted by Bank of Ayudhya to be payable to its customers for the twelve (12) months fixed deposit in Baht with Bank of Ayudhya and (2) the interest rate per annum quoted by IFCT to be payable to its customers for the promissory note in Baht issued to its customers for the period of one (1) year. In the case that the interest rate per annum on the promissory note in Baht issued by IFCT to its customers is no longer quoted, the Creditors shall agree on the substitute interest rate to be used by IFCT.