Interest Rate, Interest and Fees Sample Clauses

Interest Rate, Interest and Fees. 3.1 [Determination Method of RMB Loan Interest Rate] RMB loan interest rate shall be based on method 2 below: (1) Fixed rate, annual interest rate of [blank]% which remain unchanged throughout the tenure of the Loan. (2) Floating rate, the Loan interest rate shall be based on the base lending rate as published by the People’s Bank of China for loans with tenure similar to that stated in 2.2 of this Contract as of date of drawdown, plus a margin of 5%. From date of drawdown by the Borrower, the interest rate shall be reset at end of each period of 12 months, whereas interest shall be calculated in segment. The interest rate reset date for 2nd period shall be the corresponding date when first period is fall due. In case where the month when the interest rate shall be reset does not contain a corresponding date to the drawdown, the last day of that month shall be used as interest rate reset date. This method shall be applied throughout all subsequent period. In case of multiple drawdowns by the Borrower, the interest rate shall be reset using method A below: A. Regardless the number of drawdowns during a period, interest rate fixed for that period shall be implemented for those drawdowns and to be reset during the next period. B. Interest rate shall be set and reset for each drawdown. (3) Other: [blank]: 3.2 [Determination Method of Foreign Currency Loan Interest Rate] Foreign currency loan interest rate shall be based on method [blank] below: (1) Fixed rate, annual interest rate of [blank]% which remain unchanged throughout the tenure of the Loan. (2) Floating rate, the Loan interest rate shall be [blank] months [blank] (LIBOR/HIBOR) as base lending rate plus [blank] basis points (each basis point represents 0.01%). The spread shall remain fixed throughout the tenure of the Loan. In case of multiple drawdown, interest rate shall be determined individually for each drawdown. Subsequent to drawdown by the Borrower, the interest rate shall be calculated in segment and reset using method [blank] below: A. The base interest rate shall be floating based on its corresponding period. The interest rate reset date for the 2nd period shall be one day after when the first period fall due. In case where the month when the interest rate shall be reset does not contain a corresponding date to the drawdown, the last day of that month shall be used as interest rate reset date. This method shall be applied throughout all subsequent period. B. The base interest rate shall be r...
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Interest Rate, Interest and Fees. 3.1 [Determination of Interest Rate for RMB Loans] (1) Fixed interest rate at _/___% per annum, which shall remain unchanged within the term of this Contract.
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Interest Rate, Interest and Fees. 3.1 The confirmation method of RMB interest rate of the loan Use interest rate is the summation of benchmark rate and floating rate. Benchmark rate is benchmark loan rate of People’s Bank of China, corresponding the loan period agreed by provision 2.2 on the effective day, floating rate is going up 15%. After drawing the loan, the interest rate adjusts every 6 months, and calculates the interest in sections. Second rate-setting date is the corresponding date after expiration of the first withdrawal. If there is no corresponding date in the adjustment month, the corresponding date is the last day in this month, so on the other corresponding date. If fractional withdrawal, the interest rates is calculated as specified below: Regardless of how much times of withdrawal, the interest rate is current rate on rate confirmation day, and will be adjusted next corresponding date. 3.2 The interest of the loan in this contract will be calculated since the actual withdrawal date, and will be charged monthly. If the loan is maturity, there is no interest. One day interest rate = interest rate / 360. 3.3 Overdue interest rate in the contract is 30% up to the original interest rate. Embezzlement interest rate is 50% up to the original loan interest rate.
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Interest Rate, Interest and Fees. 3.1 [Determination of Interest Rate for RMB Loans]
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Interest Rate, Interest and Fees. 3.1 [Method for Determining RMB Loan Interest Rate] A、 Calculate interest in segments based on a period of 12 (1/3/6/12) months, with adjustments made for each period. On the corresponding day after the first interest rate determination date for the second and subsequent periods, the lender shall adjust the loan interest rate based on the loan market quoted interest rate and floating point number for the aforementioned period published by the National Interbank Funding Center on the previous working day. If there is no date corresponding to the first interest rate determination date in the month of adjustment, the last day of that month shall be taken as the corresponding date. B、 Not adjusted throughout the entire loan term. 第 3 页 共 21 页
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Interest Rate, Interest and Fees. 3.1 [Method of Determining Interest Rate on RMB Loan] The interest rate for the loan under this contract shall be determined in the following manner: The interest rate for each loan shall be determined by the pricing basis plus floating points, and for a borrowing period of 60 months or less, the pricing basis shall be the one-year Loan Prime Rate (LPR) published by the National Interbank Offered Rate Center (NIBOR) on the working day prior to the date of drawdown, wherein for a borrowing period of 12 months or less, the floating points shall be plus (plus/minus) 40.000000 basis points (one basis point is 0.01%, the same below); for a borrowing period of more than 12 months, 60 months or less, and 60 months or less, the interest rate shall be determined by the following method. 0.01%, the same hereinafter); for a loan term of more than 12 months and up to and including 60 months, the floating point is plus (plus/minus) 40.000000 basis points. If the loan term is more than 60 months, the pricing basis is the LPR for loans with a maturity of more than 5 years published by the NIBOR on the working day prior to the date of drawdown, and the number of floating points is plus (plus/minus) 40.000000 basis points. If the LPR for the corresponding maturity is not published by the NIBOR on the business day prior to the interest rate determination date, the LPR published by the NIBOR on the previous business day shall prevail, and so on. The interest rate will be adjusted after the loan is disbursed in the following method [A]: A. The interest rate shall be adjusted in one installment of 12 (1/3/6/12) months and shall be calculated in segments. The interest rate determination date for the second and subsequent installments shall be the corresponding date after the completion of one installment of each borrowing drawdown, on which the lender adjusts the interest rate on the borrowing in accordance with the quoted market interest rate for loans of the foregoing maturity and the number of floating points published by the NIBOR on the preceding business day. In the event that no date corresponding to the drawdown date exists in the month in which the adjustment is made, the last day of such month shall be the corresponding date. B. No adjustment will be made during the entire loan term. 3.2 Loan under this contract shall bear interest on a daily basis from the date of drawdown and shall be settled on a monthly basis. When the loan is matured, the interest will be paid of...
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Interest Rate, Interest and Fees. 5.1 The interest rate under this Contract is determined according to paragraph [C] below: A. fixed interest rate of / % per annum. B. to be determined between Party A and Party B every / (one/three/six) months(s) based on the foreign exchange loans base rate as published by Party A, the annual interest for the first Interest Period is / %. C. floating interest rate being 3 month USD LIBOR plus the margin of 2. 0% 5.2 The interest on the loan hereunder shall be settled according to the Interest Periods. Party B shall ensure that the interest of corresponding Interest Period be transferred and credited into the account designated by Party A on the Interest Payment Date, in the following details: Account Name: INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED NEW YORK BRANCH SWIFT Code of Account Bank: ▇▇▇▇▇▇▇▇ Account Number: ▇▇▇▇▇▇▇▇▇▇▇▇ Calculation of interest: principal X interest rate X actual number of days elapsed during each Interest Period / 360. 5.3 Party B shall, on the Interest Payment Date, pay the interest of such Interest Period to Party A. Upon maturity of the loan, the interest shall be fully paid together with the principal. 5.4 Besides the interest, Party B shall pay to Party A the fee set out in paragraph below.
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Interest Rate, Interest and Fees 
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Interest Rate, Interest and Fees 
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Related to Interest Rate, Interest and Fees

  • Interest and Interest Rates The rate or rates at which the Notes shall bear interest, the date or dates from which such interest shall accrue, the interest payment dates on which any such interest shall be payable and the regular record date for any interest payable on any interest payment date, in each case, shall be as set forth in the form of Note set forth as Exhibit A hereto.

  • Default Rate Interest In the event that the Corporation does not make timely payment of all or any portion of a Tax Benefit Payment to a Member on or before the Final Payment Date as determined pursuant to Section 3.1(a), the amount of “Default Rate Interest” calculated in respect of the Net Tax Benefit (including previously accrued Imputed Interest and Extension Rate Interest) for a Taxable Year will equal interest calculated at the Default Rate from the Final Payment Date for a Tax Benefit Payment as determined pursuant to Section 3.1(a) until the date on which the Corporation makes such Tax Benefit Payment to such Member. For the avoidance of doubt, the amount of any Default Rate Interest as determined with respect to any Net Tax Benefit payable by the Corporation to a Member shall be included in the Hypothetical Tax Liability of the Corporation for purposes of calculating Realized Tax Benefits and Realized Tax Detriments pursuant to this Agreement.

  • Interest and Fees (a) The unpaid principal amount of each ABR Loan shall bear interest from the date of the Borrowing thereof until maturity (whether by acceleration or otherwise and both before and after default and judgment) at a rate per annum that shall at all times be equal to the Applicable Margin for ABR Loans plus the ABR in effect from time to time. (b) The unpaid principal amount of each LIBOR Loan shall bear interest from the date of the Borrowing thereof until maturity (whether by acceleration or otherwise and both before and after default and judgment) at a rate per annum that shall at all times be equal to the Applicable Margin for LIBOR Loans plus the relevant LIBOR. (c) If all or a portion of (i) the principal amount of any Loan or (ii) any interest thereon or fees payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum that is (x) in the case of overdue principal, equal to the rate that would otherwise be applicable thereto plus, to the extent permitted by applicable law, 2.00% (after as well as before maturity and judgment), (y) in the case of any overdue interest with respect to any Loan, equal to the rate of interest applicable to such Loan plus, to the extent permitted by applicable law, 2.00%, or (z) in the case of any overdue fees or other amounts owing hereunder, equal to the rate of interest then applicable to Loans maintained as ABR Loans plus 2.00%, in each case from and including the date of such non-payment to but excluding the date on which such amount is paid in full (after as well as before maturity and judgment). All interest payable pursuant to this Section 2.8(c) shall be payable upon demand. (d) Interest on each Loan shall accrue from and including the date such Loan is made to but excluding the date of any repayment thereof and shall, except as otherwise provided pursuant to Section 2.8(c), be payable (i) in respect of each ABR Loan, quarterly in arrears on the last Business Day of each of March, June, September and December (for the three-month period (or portion thereof) ended on such day), (ii) in respect of each LIBOR Loan, on the last day of each LIBOR Period applicable thereto and, in the case of a LIBOR Period in excess of three months, on each date occurring at three-month intervals after the first day of such LIBOR Period and (iii) in respect of each Loan on any payment or prepayment (on the amount paid or prepaid), at maturity (whether by acceleration or otherwise) and, after such maturity, on demand. (e) All computations of interest hereunder shall be made in accordance with Section 5.4. (f) The Administrative Agent, upon determining the interest rate for any Borrowing of LIBOR Loans, shall promptly notify the Borrower and the Lenders thereof. Each such determination shall, absent clearly demonstrable error, be final and conclusive and binding on all parties hereto.

  • Calculation of Interest and Fees All calculations of interest and fees under this Agreement and the other Credit Documents for any period (a) shall include the first day of such period and exclude the last day of such period and (b) shall be calculated on the basis of a year of 360 days for actual days elapsed, except that during any period any Loan bears interest based upon the Prime Rate, such interest shall be calculated on the basis of a year of 365 or 366 days, as appropriate, for actual days elapsed.

  • Computations of Interest and Fees (a) Except for Base Rate Loans computed using the Prime Rate, on which interest shall be computed on the basis of a 365 or 366 day year as the case may be, all computations of interest and fees hereunder shall be made on the basis of the actual number of days elapsed over a year of 360 days. (b) It is the intent of the Lenders and each Borrower to conform to and contract in strict compliance with applicable usury law from time to time in effect. All agreements between the Lenders and the Borrowers are hereby limited by the provisions of this paragraph which shall override and control all such agreements, whether now existing or hereafter arising and whether written or oral. In no way, nor in any event or contingency (including but not limited to prepayment or acceleration of the maturity of any obligation), shall the interest taken, reserved, contracted for, charged, or received under this Credit Agreement, under the Notes or otherwise, exceed the maximum non-usurious amount permissible under applicable law. If, from any possible construction of any of the Credit Documents or any other document, interest would otherwise be payable in excess of the maximum non-usurious amount, any such construction shall be subject to the provisions of this paragraph and such documents shall be automatically reduced to the maximum non-usurious amount permitted under applicable law, without the necessity of execution of any amendment or new document. If any Lender shall ever receive anything of value which is characterized as interest on the Loans under applicable law and which would, apart from this provision, be in excess of the maximum lawful amount, an amount equal to the amount which would have been excessive interest shall, without penalty, be applied to the reduction of the principal amount owing on the Loans of the relevant Borrower and not to the payment of interest, or refunded to the relevant Borrower or the other payor thereof if and to the extent such amount which would have been excessive exceeds such unpaid principal amount of the Loans of the relevant Borrower. The right to demand payment of the Loans of any Borrower or any other indebtedness evidenced by any of the Credit Documents does not include the right to receive any interest which has not otherwise accrued on the date of such demand, and the Lenders do not intend to charge or receive any unearned interest in the event of such demand. All interest paid or agreed to be paid to the Lenders with respect to the Loans shall, to the extent permitted by applicable law, be amortized, prorated, allocated, and spread throughout the full stated term (including any renewal or extension) of the Loans so that the amount of interest on account of such indebtedness does not exceed the maximum non-usurious amount permitted by applicable law.