Type of Interest. The loaned amount will accrue an annual interest of ONE AND A HALF percent (1.5%), payable for annuities due, counting from the date of granting the loan. However, the first interest payment will be made, once the works are completed, by calendar quarters, maturing on the last day of each quarter.
Appears in 2 contracts
Sources: Private Loan Agreement (PreTam Holdings Inc.), Private Loan Agreement (PreTam Holdings Inc.)