Interest Settlement Method. The Borrower shall settle interest in the following (2) manner: (1) Interest shall be settled on a quarterly basis, the 20th day of the last month of each quarter shall be the interest settlement date, and the 21st day shall be the interest payment date. (2) Interest shall be settled on a monthly basis, the 20th day of each month shall be the interest settlement date, and the 21st day shall be the interest payment date. If the last repayment date of the principal of loan does not fall on the interest payment date, the last repayment date of such principal shall be the interest payment date, and the Borrower shall pay off all payable interest.
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Sources: Working Capital Loan Contract (Universal Electronics Inc), Working Capital Loan Contract (Universal Electronics Inc)
Interest Settlement Method. The Borrower shall settle the interest in accordance with the following (21) mannermethod as follows:
(1) Interest The interest shall be settled on a quarterly basis, the . The 20th day of the last month of each quarter shall be the interest settlement date, and the 21st day shall be the interest payment date.
(2) Interest The interest shall be settled on a monthly basis, with the 20th day of each month shall be as the interest settlement date, date and the 21st day shall be as the interest payment date. If the last repayment date of the loan principal of loan does is not fall on the interest payment date, the last repayment date of such the loan principal shall be is the interest payment date, and the Borrower shall pay off all the payable interestinterests.
Appears in 2 contracts
Sources: Working Capital Loan Contract (Pop Culture Group Co., LTD), Loan Agreement (Pop Culture Group Co., LTD)
Interest Settlement Method. The Borrower borrower shall settle the interest according to the method as set out in the following subsection (21) mannerbelow:
(1) Interest shall be is settled on a quarterly basisquarterly, with the 20th day of the last month of each quarter shall be as the interest settlement date, date and the 21st day shall be as the interest payment date.
(2) Interest shall be is settled on a monthly basis, with the 20th day of each month shall be as the interest settlement date, date and the 21st day shall be as the interest payment date. If the last repayment date of the loan principal of loan does is not fall on the interest payment date, the last repayment date of such the loan principal shall be the interest payment date, and the Borrower borrower shall pay off all payable interest.
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Interest Settlement Method. The Borrower shall settle settles interest in accordance with the following (2) manner1st method below:
(1) Interest shall be settled on a quarterly basisQuarterly interest settlement, the 20th day of the last month of each quarter shall be is the interest settlement date, and the 21st day shall be is the date of interest payment datepayment.
(2) Interest shall be settled on a monthly basisMonthly interest settlement, the 20th day of each month shall be is the interest settlement date, and the 21st day shall be is the date of interest payment datepayment. If the last repayment liquidation date of the last installment of the loan principal of loan does not fall on the date of interest payment datepayment, the last repayment liquidation date of such the last installment of the loan principal shall be is the date of interest payment datepayment, and the Borrower shall pay off all payable interestinterest payable.
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