Borrowing rate Clause Samples

Borrowing rate. The borrowing rate under the Contract is the annual interest rate, namely 7.5%/year.

Borrowing rate. (1) The loan hereunder shall be subject to the first rate of interest as follows: Fixed interest rate, the annual interest rate is 4.55%. This interest rate is formed by adding (optional plus or minus)50 basis points as recently announced by the People's Bank of China (or its authorized unit) on the signing date of the loan contract (1 basis point =0.01%) and the interest rate remains unchanged during the term of the loan.

Borrowing rate. Subject to provisions of Section 2.2(d) hereof, the unpaid principal balance of the Amended and Restated Working Capital Line of Credit Note outstanding from time to time commencing on the date hereof shall bear interest (hereinafter referred to as the "Borrowing Rate," as the same may change from time to time) at the Prime Rate plus 2.50% per annum for as long as the ratio of the Borrower's Funded Debt to EBITDA is 4.0xx or greater, based on a rolling four quarter average (for any four consecutive quarters) and commencing on December 30, 2001, for the second Fiscal Quarter of 2002. The Bank agrees that the Borrowing Rate shall be reduced (i) to the Prime Rate plus 2% per annum if the ratio of the Borrower's Funded Debt to EBITDA is between 3.0xx and 3.9xx, and (ii) to the Prime Rate plus 1% per annum if the ratio of the Borrower's Funded Debt to EBITDA is below 3.0xx, in either event based on a rolling four quarter average (for any four consecutive quarters) and commencing on December 30, 2001, for the second Fiscal Quarter of 2002.

Borrowing rate. The borrowing interest rate (annualized interest rate, simple interest) is a floating interest rate, which is re-priced every 12 months in a floating period starting from the actual withdrawal date. The repricing date shall be the first day of the next floating cycle, that is, the starting date shall be the corresponding day of the repricing month, or the last day of the month if there is no corresponding day of the month. For withdrawals under this Contract: Floating interest rate on RMB borrowings A. The interest rate of the first installment (from the actual withdrawal date to the expiration date of the floating period) shall be the 1-year loan market quoted rate +60.0 basis points as recently published by the National Inter-Bank Offered Center one working day prior to the actual withdrawal date; B. On the repricing date, it shall be repriced together with other sub-withdrawals according to the 1-year loan market quotation rate +60.0 basis points recently published by the National Inter-Bank Lending Center one working day prior to the repricing date, which shall be the applicable interest rate of the floating period.

Borrowing rate annual interest rate expressed as a fixed percentage applied to the outstanding sum of the Credit.

Borrowing rate. Purchases made with the card are interest-free until the due date following the invoicing date. After the due date, the borrower is liable to pay agreed interest on the credit as laid down in the credit agreement. The borrower’s obligation to pay interest on cash withdrawals made with the card; invoices, credit transfers (incl. transfers within the SEPA) and foreign transfers paid from the credit account; and OwnTransfers/credit transfers made in the Netbank service or in another digital service approved by the creditor begins on the day when the creditor has debited the withdrawal to the credit. The borrower is liable to pay agreed annual interest on the credit as laid down in this agreement. At the beginning of a credit relationship, the value of the reference rate is determined in accordance with the value of the reference rate during the interest calculation period in question. The value of the reference rate is adjusted on interest rate adjustment dates which are the first of March, June, September and December. If the interest rate adjustment date does not fall on a banking day, the applied reference rate value will be the value of the banking day following the adjustment date. If the value of the reference rate changes, the credit interest changes accordingly from and including the following day. Between the interest rate adjustment dates the interest remains the same. The valid interest is announced to the borrower on the invoice or otherwise in writing. Interest is calculated according to actual days using 360 as the divisor. If quotation of the reference rate ceases or is discontinued, the reference rate applied to the credit will be based on the statute issued on the new reference rate, or on a decision or instruction of the authorities. If no regulation, official decision or instruction is issued on the new reference rate, the lender and the borrower will agree on a new reference rate to be applied to the credit. If the creditor and the borrower do not reach agreement on the new reference rate before the interest rate determination period ends, the reference rate applied before the interest rate determination period ended will continue to be applied. If the creditor and the borrower do not agree within six months of the end of the interest determination period, the creditor will set the new reference rate after consulting the authorities supervising banks.

Borrowing rate. “Borrowing Rate” means, with respect to the first sixty (60) months that the Loan is in effect (“Fixed Rate Period”), a fixed rate of interest per annum equal to six percent (6.0%), thereafter automatically converting to a floating rate of interest per annum equal to the higher of: (a) six percent (6.0%); or (b) the “Prime Rate” defined herein plus two and three-quarters percent (2.75%). Following the conversion of the Borrowing Rate to a floating rate per annum, the Borrowing Rate shall be adjusted no more frequently than quarterly. The Borrowing Rate shall be calculated on the basis of an assumed 360-day year for the actual number of days elapsed, in accordance with Bank’s customary practice.

Borrowing rate. The Borrowing Rate is a rate equal to one and a half percent (1.5%) per month of the unpaid principal balance. A portion of the interest collected may be allocated to fees and expenses of the Lender in servicing the debt described herein.

Borrowing rate. (i) The Pricing Benchmark Interest Rate in (1) below shall be executed: (1) LPR one year. (2) SHIBOR, / (term). (3) LIBOR, / (term). (4) HIBOR, / (term). (5) SIBOR, / (term). (6) The Central Bank’s RMB Deposit Benchmark Interest Rate, / (term). Among them, RMB fixed rate loan shall choose LPR as Pricing Benchmark Interest Rate. (ii) The pricing formula for the Borrowing Rate: Borrowing Rate = Pricing Benchmark Interest Rate + 0.85% or / %. (iii) The interest rate of the Loan (i.e. annual interest rate, the same below) in (1) below shall be executed: (1) Fixed Interest Rate. The interest rate shall be determined as B below: A. The Borrowing Rate is determined according to the benchmark interest rate and pricing formula of the actual origination date, and the interest rate between the actual origination date and the maturity date of the Loan hereunder shall remain unchanged. B. According to the Pricing Benchmark Interest Rate on the execution date hereof and the pricing formula, the Fixed Interest Rate of the Loan hereunder shall be annualized interest rate of 4.70%. If the actual origination date is adjusted by the Pricing Benchmark Interest Rate, the value of the addition and subtraction points in the pricing formula be adjusted accordingly. The above-mentioned annualized interest rate stipulated herein shall remain unchanged.