Interest Settlements. a. The interest payment shall be settled based on agreed interest rate if fixed interest rate is implemented; the interest payment shall be settled based on floating rate of that certain period if floating rate is implemented; If there are multiple floating rates during one single period of settlement, it shall first calculate each floating rate and then sum up the floating rates to finally calculate the interest settlement rate in that certain period of time. b. The interest of loan in this agreement is settled in the following one manner: (1) The settlement date is 20th of each month if the interest is calculated on monthly basis; (2) The settlement date is 20th of each quarter if the interest is calculated on quarterly basis; (3) Other means blank .
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Sources: Loan Agreement (Tanke Biosciences Corp), Loan Agreement (Tanke Biosciences Corp)
Interest Settlements. a. (1) The interest payment shall be settled based on agreed interest rate if fixed interest rate is implemented; the interest payment shall be settled based on floating rate of that certain period if floating rate is implemented; If there are multiple floating rates during one single period of settlement, it shall first calculate each floating rate and then sum up the floating rates to finally calculate the interest settlement rate in that certain period of time.
b. (2) The interest of loan in this agreement is settled in the following one manneraccording to method number (i) as follows:
(1i) The settlement date is 20th of each month if the interest is calculated on monthly basis;
(2ii) The settlement date is 20th of each quarter if the interest is calculated on quarterly basis;
(3iii) Other means blank .
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