Loan Interest and Interest Calculation Clause Samples

Loan Interest and Interest Calculation. 4.1 The lending interest shall be calculated by days starting from the date of the drawdown day (daily rate= annual rate/360), interest shall be paid by month, interest pay day shall be the 20th in every month. The pay day is not a bank business day, it shall be postponed to the next bank business day. The loan is due, the interest shall be cleared. 4.2 The lending interest rate under the contract shall be determined by article 4.2.2.
View SourceView Similar (3)
Loan Interest and Interest Calculation. 1. The monthly interest rate is 6.6375‰ under the contract starting from the date when loan transferred to Party B’s account till the principal and interest are repaid up. The interest shall be calculated by days and repaid by months 2. Interest repay- day is the 20th of each month. 3. Party B repays in advance with consent from Party A, the interest shall be concluded in accordance with the interest rate and the exact using period of the loan. 4. If the interest rate under the contract is same with the Basis Interest Rate (or float down), POC rises the Basis Interest Rate, the loan interest rate shall be risen in phase; the Basis Interest Rate floats down, the contract interest rate shall be taken.
View Source
Loan Interest and Interest Calculation. 5.1 the borrowing rate shall be determined by following method 5.1.2 5.1.1 Floating rate, the rate shall be based on basic rate plus Floating range, floating range shall be up (up/down/zero) null % ，execute monthly rate shall be ___‰. The rate shall be floating with the adjustment on the basic loan rate issued by PBOC time to time. 5.1.2 Fixed rate, annual rate _9.84_ %, remaining unchanged during the period of the Loan. 5.1.3 Mixed rate, A fixed rate shall be applicable duringNull months starting from fund drawdown date, an annual fixed rate shall be null applied. During the fixed rate applying term, if PBOC adjust the basic loan borrowing rate, the fixed rate shall remain unchanged during the term. During the remaining borrowing term, a floating rate shall be applied. The execute rate shall be based on basic rate plus Floating range, floating range shall be up (up/down/zero) null %. The latest basic rate shall be be the basic rate on the next borrowing day when the fixed rate loan term is due; the latest basic rate rank shall be determined as stipulated in article 3 in this contract. 5.2 The loan fund released with a floating rate or the loan term enter into a floating term, the loan rate shall be adjusted by following method null as the PBOC basic rate changing. 5.2.1 When PBOC adjust the loan borrowing basic rate, from 1st Jan next year, the borrowing rate in this contract shall be adjusted to the relevant rate in accordance with the new basic rate and the floating range stipulated in this contract without further notice to borrower, guarantor and ▇▇▇▇▇▇▇. 5.2.2 The rate adjustment term shall be in every null month. When PBOC adjust the loan borrowing basic rate, from 1st Jan next year, the borrowing rate in this contract shall be adjusted to the relevant rate in accordance with the new basic rate and the floating range stipulated in this contract without further notice to borrower, guarantor and ▇▇▇▇▇▇▇. There is no the same day in next adjustment term, the last day of the month shall be the rate reset day. 5.3 The loan interest shall be calculated by days, paid by month. 5.4 The loan interest shall be calculated on 20th in every month. 5.5 With a prior consent from Party A, Party B repaid the loan in advance, the interest calculation shall be determined in accordance with the agreed interest rate and actual loan term stipulated in this contract.
View Source

Related to Loan Interest and Interest Calculation

  • 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.

  • Notification of Rate of Interest and Interest Amounts The Principal Paying Agent will cause the Rate of Interest and each Interest Amount for each Interest Period and the relevant Interest Payment Date to be notified to the Issuer and any stock exchange on which the relevant Floating Rate Notes or Index Linked Interest Notes are for the time being listed and notice thereof to be published in accordance with Condition 15 as soon as possible after their determination but in no event later than the fourth London Business Day thereafter. Each Interest Amount and Interest Payment Date so notified may subsequently be amended (or appropriate alternative arrangements made by way of adjustment) without prior notice in the event of an extension or shortening of the Interest Period. Any such amendment will be promptly notified to each stock exchange on which the relevant Floating Rate Notes or Index Linked Interest Notes are for the time being listed and to the Noteholders in accordance with Condition 15. For the purposes of this paragraph, the expression “

  • Payment and Interest The amount determined payable pursuant to the decision, less any portion already paid, normally should be paid without awaiting Contractor action concerning appeal. Such payments shall be without prejudice to the rights of either party. Interest on amounts ultimately determined to be due to a Contractor shall be payable at the Statutory rate applicable to judgments against the State under Chapter 662, HRS from the date of receipt of a properly certified final written statement of actual adjustment required until the date of decision; except, however, that if an action is initiated in circuit court, interest under this Section 7.25, DISPUTES AND CLAIMS (§3-126-31 HAR) shall only be calculated until the time such action is initiated. Interest on amounts due the Department from the Contractor shall be payable at the same rate from the date of issuance of the Project Manager’s notice to the Contractor. Where such payments are required to be returned by a subsequent decision, interest on such payments shall be paid at the statutory rate from the date of payment.

  • Interest and Interest Payment Dates In lieu of having interest charged at the rate based upon the Base Rate, Borrowers shall have the option, subject to Section 2.12(b) below (the “LIBOR Option”) to have interest on all or a portion of the Revolving Loans be charged (whether at the time when made (unless otherwise provided herein), upon conversion from a Base Rate Loan to a LIBOR Rate Loan, or upon continuation of a LIBOR Rate Loan as a LIBOR Rate Loan) at a rate of interest based upon the LIBOR Rate. Interest on LIBOR Rate Loans shall be payable on the earliest of (i) the last day of the Interest Period applicable thereto; provided, that subject to the following clauses (ii) and (iii), in the case of any Interest Period greater than three months in duration, interest shall be payable at three month intervals after the commencement of the applicable Interest Period and on the last day of such Interest Period), (ii) the date on which all or any portion of the Obligations are accelerated pursuant to the terms hereof, or (iii) the date on which this Agreement is terminated pursuant to the terms hereof. On the last day of each applicable Interest Period, unless Borrowers have properly exercised the LIBOR Option with respect thereto, the interest rate applicable to such LIBOR Rate Loan automatically shall convert to the rate of interest then applicable to Base Rate Loans of the same type hereunder. At any time that an Event of Default has occurred and is continuing, at the written election of Agent or the Required Lenders, Borrowers no longer shall have the option to request that Revolving Loans bear interest at a rate based upon the LIBOR Rate.

  • Distributions and Interest Amount (i) Interest Rate. "Interest Rate" for any day means, the Federal Funds Overnight Rate. For the purposes hereof, "Federal Funds Overnight Rate" means, for any day, an interest rate per annum equal to the rate published as the Federal Funds Effective Rate that appears on Telerate Page 118 for such day.