Common use of New Taiwan Dollar Time Deposits Clause in Contracts

New Taiwan Dollar Time Deposits. If no renewal arrangement is made prior to the maturity of a non-negotiable time deposit, the interest payable from the maturity date to the date the Depositor withdraws such deposit shall be calculated on the basis of the then prevailing interest rate for demand deposits; provided that the interest with respect to time savings deposits shall be calculated as follows: (a) If the instruction to renew is received by the Bank (“Renewed Deposit Start Date”) on or before the date falling one (1) month after the then current maturity date of the relevant time deposit (“Original Maturity Date”), interest on the renewed time deposit shall accrue from the Original Maturity Date at the prevailing time deposit interest rate announced by the Bank on the Renewed Deposit Start Date; (b) If such instruction is received by the Bank more than one (1) month after the Original Maturity Date, interest on the renewed time deposit shall accrue from the Renewed Deposit Start Date at the prevailing time deposit interest rate announced by the Bank on the Renewed Deposit Start Date. For the interim period between the Original Maturity Date to the Renewed Deposit Start Date, the prevailing saving deposit interest rate announced by the Bank on the Renewed Deposit Start Date shall apply; and (c) If no instruction to renew is received by the Bank, the applicable interest rate for the period after the Original Maturity Date shall be the prevailing saving deposit interest rate announced by the Bank on the date such deposit is withdrawn by the Depositor.

New Taiwan Dollar Time Deposits. If no renewal arrangement is made prior to the maturity of a non-negotiable time deposit, the interest payable from the maturity date to the date the Depositor withdraws such deposit shall be calculated on the basis of the then prevailing interest rate for demand deposits; provided that the interest with respect to time savings deposits shall be calculated as follows: (a) If the instruction to renew is received by the Bank (“Renewed Deposit Start Date”) on or before the date falling one (1) month after the then current maturity date of the relevant time deposit (“Original Maturity Date”), interest on the renewed time deposit shall accrue from the Original Maturity Date at the prevailing time deposit interest rate announced by the Bank on the Renewed Deposit Start Date; (b) If such instruction is received by the Bank more than one (1) month after the Original Maturity Date, interest on the renewed time deposit shall accrue from the Renewed Deposit Start Date at the prevailing time deposit interest rate announced by the Bank on the Renewed Deposit Start Date. For the interim period between the Original Maturity Date to the Renewed Deposit Start Date, the prevailing saving deposit interest rate announced by the Bank on the Renewed Deposit Start Date shall apply; andaccrue (c) If no instruction to renew is received by the Bank, the applicable interest rate for the period after the Original Maturity Date shall be the prevailing saving deposit interest rate announced by the Bank on the date such deposit is withdrawn by the Depositor.