Interest Rate and Interest Sample Clauses

Interest Rate and Interest. 1.1 The interest rate is determined by the benchmark interest rate plus the floating range, the overdue interest rate shall be determined by the same manner. 1.2 If the interest is settled monthly, the settlement date shall be 20th of each month, if the interest is settled quarterly, the settlement date shall be 20th of the third month, if the interest is settled semi-annually, and the settlement date shall be June 20th and December 20th. 1.3 The first interest period is from the withdraw date to the first settlement date; the last interest period is from the second date of previous settlement to the repayment date. The rest interest periods are from the second date of previous settlement to the next settlement date. 1.4 Loan interest = loan principal × daily interest rate × actual days of use. If equal principal and interest repayment method is adopted, the calculation formula of principal and interest shall be as follows: Total principal and interest of each period = (financing principal × period interest rate × period repayment period)/ ((period interest rate) repayment period -1) 1.5 The new interest rate shall be adopted in case the People's Bank of China decides to adjust the determination method for the interest rate, and the lender is not obligated to notify the borrower. 1.6 If the interest rate on the signing date is lower than the LPR rate, the lender has the right to cancel the interest preference based the evaluation of policy change, credit status, etc. and notify the borrower in time every year.

Interest Rate and Interest. 1.1 If the borrowing rate hereunder adopts floating interest rate, the rules for interest rate adjustment after the borrowing becomes overdue will still be executed according to the original method. 1.2 The expiry date for interest is the 20th day of every calendar month if the interest on borrowing is settled on monthly basis; and the 20th day of the last calender month of every quarter if settled on quarterly basis; and on June 20 and December 20 every year if settled on semi-annually basis. 1.3 The first interest period starts from the Borrower’s actual withdrawal date till the first expiry date for interest; the last interest period starts from the next day after end of previous interest period till the final repayment date; and the rest interest periods start from the next day after the end of previous interest period till the next expiry date for interest. 1.4 Interest of the loan = the borrowing principal * daily interest rate * actual days used. If to repay average principal plus interest, the calculating formula is as follows: Total principal plus interest per period = the borrowing principal * interest rate per period * (1+ interest rate per period) number of repaying period / (1+ interest rate per period) number of repaying period - 1 1.5 In case of adjustment of measures by the People’s Bank of China for determining the loan interest rate, then relevant regulations of the People’s Bank of China shall apply for handling, and the Lender will not serve any further notice to the Borrower. 1.6 When signing this Contract, if it is determined that the borrowing rate is executed by floating a certain percentage downwards from relevant loan benchmark interest rate published by the People’s Bank of China or the Loan Prime Rate (LPR) published by National Interbank Funding Center, the Lender is entitled to conduct reassessment every year on the preferential interest rate offered to the Borrower, voluntarily decide to cancel, in whole or in part, the preferential interest rate offered to the Borrower according to national policy, Borrower’s credit status and changes in loan guarantee etc., and inform the Borrower timely.

Interest Rate and Interest. 1.1 In respect of a foreign currency loan, LIBOR shall be the interbank lending rate for the currency of the loan hereunder shown on the “LIBO=” screen page (11:00 am London Time) on the REUTERS financial information terminal two banking business days before the drawdown date or the base rate adjustment date; and HIBOR shall be the interbank lending rate for HK dollars shown on the “HIBO=” screen page (11:15am HK Time) on the REUTERS financial information terminal two banking business days before the drawdown date or the base rate adjustment date. 1.2 If the interest of the loan is paid on a monthly basis, the 20th day of each month shall be the interest payment day; if the interest of the loan is paid on a quarterly basis, the 20th day of the last month of each quarter shall be the interest payment day; and if the interest of the loan is paid on a semi-annual basis, June 20th and December 20th of each year shall be the interest payment days. 1.3 The first interest period shall begin from the date of actual drawdown by the Borrower and end as of the first interest payment day; the last interest period shall begin as from the day immediately following the end of the preceding interest period and end as of the last repayment date; and the other interest periods shall each begin from the day immediately following the end of the preceding interest period and end as of the next interest payment date. 1.4 If the loan hereunder is extended at a floating rate, the rate adjustment rules shall be implemented in the manner as originally contemplated irrespective of any loan payment default. 1.5 If the People’s Bank of China adjusts loan interest rate determination methods and if such adjusted methods apply to the loan hereunder, relevant requirements of the People’s Bank of China shall then be observed without any further notice to the Borrower.

Interest Rate and Interest. 5.1 Interest rate: Interest of the Loan is calculated at the rate of 5.22 % per annum. The interest rate of the Loan shall be finally confirmed by the rate stated on the certificate of indebtedness. If Party B changes the purpose of the Loan, Party A is entitled to charge interest on the misused portion of the Loan at the rate equaling to 2 times of the normal Loan interest rate based on misused days. If Party B fails to repay the Loan before the due date, Party A is entitled to charge interest on the amount in default at the rate equaling to 1.5 times of the normal Loan interest rate. If both events above-mentioned occur simultaneously, Party B should impose penalty based on the breach which is more severe instead of based on both events. If the People’s Bank of China changes the lending rate during the term of the Loan, the interest of the Loan shall be calculated in accordance with the provisions relating to such change. 5.2 Calculation of interest: Interest shall accrue from the drawdown date of the Loan on the basis of the actual amount granted and the actual days elapsed and shall be calculated once a month at the 20th day of each month. 5.3 Payment of interest: Party B shall pay the interest on each interest calculation date. Party A may deduct the interest directly from Party B’s deposit account. If Party B fails to pay the interest by the time prescribed, Party A is entitled to charge compound interest on the interest in default.

Interest Rate and Interest. 1.1 Where the loan currency is a foreign currency and priced on a term interest rate or floating overnight interest rate basis, the applicable pricing benchmark on the Interest Rate Determination Date (T day, or the latest workday prior to the Interest Rate Determination Date in the event that it is not a workday) shall be the interest rate value for the T-N workdays corresponding to the pricing benchmark agreed upon herein as displayed on the page of the terminal of Refinitiv or Bloomberg Financial Telecommunications. In case the pricing benchmark on interest rate is negative, it shall be executed at zero. The aforesaid workdays are the local business days of the loan currency pricing benchmark administrators. For applicable term interest rates, the value of N is 2; for applicable floating overnight interest rates, the value of N is 5. Lest there be any doubt that the SOFR term rate agreed upon herein refers to the SOFR term rate issued by the Chicago Mercantile Exchange (CME) as determined by the Alternative Reference Rate Committee (ARRC); the ▇▇▇▇▇ term rate agreed upon herein refers to the ▇▇▇▇▇ term rate issued by Refinitiv. Any significant change in the pricing benchmark shall be handled based on the market rules in force at the time. Should the Lender then request the Borrower to sign a supplementary agreement on the relevant matters, the Borrower shall cooperate. 1.2 In case the loan interest rate hereunder adopts a floating rate, the rules of interest rate adjustment shall still be implemented in the original method upon the overdue loan. 1.3 For monthly interest settlement, the settlement date shall be the 20th day of each month; for quarterly interest settlement, the settlement date shall be the 20th day of the last month of each quarter; and for semi-annual interest settlement, the settlement date shall be June 20 and December 20 of each year. 1.4 The first interest period is from the date of the Borrower’s actual withdrawal to the first interest settlement date; the last interest accruing period is from the day following the end of the previous interest accruing period to the final repayment date; and the rest of the interest accruing period is from the day following the end of the previous interest accruing period to the next interest settlement date. 1.5 Loan interest = loan principal x daily interest rate x actual days of use. Where the interest rate is determined by Method (3) set forth in Article 3.2 of Part I of this Contract, and the i...

Interest Rate and Interest. The interest of the Loan shall be calculated on monthly basis and shall be on the 20th day of the month (or of last month of each quarter).

Interest Rate and Interest. 5.1 Interest rate: Interest of the Loan is calculated at the rate of 5.4 % per annum. The interest rate of the Loan shall be finally confirmed by the rate stated on the certificate of indebtedness. If Party B changes the purpose of the Loan, Party A is entitled to charge interest on the misused portion of the Loan at the rate equaling to 2 times of the normal Loan interest rate based on misused days. If Party B fails to repay the Loan before the due date, Party A is entitled to charge interest on the amount in default at the rate equaling to 1.5 times of the normal Loan interest rate. If both events above-mentioned occur simultaneously, Party B should impose penalty based on the breach which is more severe instead of based on both events. If the People’s Bank of China changes the lending rate during the term of the Loan, the interest of the Loan shall be calculated in accordance with the provisions relating to such change.

Interest Rate and Interest. 3.1 Method of determining interest rate for RMB borrowing: The interest rate on RMB borrowings is determined as follows: The interest rate for each withdrawal amounts determined by the base rate plus floating rate, where the base rate is the loan prime rate (LPR) for 1-year loans published by the National Interbank Offered Rate Center as of the business day immediately prior to the date of this agreement, and the floating rate is plus/minus 90 basis point (one basis point is 0.01%, same below). The floating points remain unchanged during the loan term. If the National Interbank Funding Center does not announce the LPR for the corresponding period on the working day before the interest rate determination date, the LPR announced by the National Interbank Funding Center on the previous working day shall prevail, and so on. After the first interest rate determination date, the interest rate shall be adjusted in the following A manner, regardless of whether or not a withdrawal has been made at that time: A. The interest rate shall be adjusted every 12 months, and the interest is calculated in installments. The interest rate determination date for the second and subsequent periods is the corresponding date one year after the first interest rate determination date, on which the lender adjusts the interest rate on the loan at the LPR for the loan of the preceding maturity period and the floating points published by the National Interbank Offered Rate Center on the preceding business day. In the event that a date corresponding to the first interest rate determination date does not exist in the month of adjustment, the last day of the month will be the corresponding date. B. The interest rate shall not be adjusted during the term of this loan. 3.2 Interest rate of loan in foreign currency. The interest rate on foreign currency borrowings is determined in the following manner / (1/2/3): (1) Fixed interest rate of % per annum, which remains unchanged during the term of the contract. (2) Term interest rate: The interest rate for each loan is determined by the pricing base plus a spread, where the pricing base is the term rate (weekly/monthly/yearly) of the term rate (LIBOR term rate/SOFR term rate/S▇▇▇▇ term rate/EURIBOR term rate/TORF term rate, etc.) that should be applied to each loan at (the date of withdrawal/contract commencement) (the first interest rate determination date), and the spread is (plus/minus) basis points (one basis point is 0.01%). The spread is (p...

Interest Rate and Interest. 1.1 In foreign exchange loan, LIBOR shall be the interbank offer rate of the currency of the loan under this contract displayed in the “LIBO=” page of REUTTRES interbank financial telecommunication terminal two banking days (11: 00 at noon London Time) before the money drawing day or day of adjustment of the benchmark interest rate; HIBOR shall be the interbank offer rate of the currency of HK Dollar displayed in the “HIBO=” page of REUTTRES interbank financial telecommunication terminal two banking days (11: 00 at noon Hong Kong Time) before the money drawing day or day of adjustment of the benchmark interest rate. 1.2 Where the interest rate of the loan under this contract adopts the floating interest rate, the interest rate adjustment after the loan exceeds the period shall still be carried out according to the original method. 1.3 Where the interest of the loan is settled on a monthly basis, the interest settlement day shall be the 20th of each month. Where the interest is settled on a quarterly basis, the interest settlement day shall be the 20th of the last month of each quarter. Where the interest is settled once half a year, the interest settlement day shall be June 20 and December 20. 1.4 The first interest period shall start from the day the borrower actually draws the money and end on the first interest settlement day. The last interest period shall start from the following day after the preceding interest period ends and end on the final repayment day. Other interest period shall start from the following day after the preceding interest period ends and end on the following interest settlement day. 1.5 Where the People’s Bank of China adjusts the method to determine loan interest rate, interest rate shall be handled according to the relevant regulations of the People’s Bank of China, and the lender shall not otherwise notify the borrower.