AMOUNT AND INTEREST OF THE LOAN Sample Clauses

AMOUNT AND INTEREST OF THE LOAN. 2.1 The Parties hereby confirm that the Lender has provided the principal of the Loan to the Borrower in the amount of RMB70,000,000 (in words: seventy million Yuan). 2.2 The interest rate for the Loan under this Agreement is ZERO, i.e. there shall be no interest accruing on the Loan.
Sample 1Sample 2See All (4)
AutoNDA by SimpleDocs
AMOUNT AND INTEREST OF THE LOAN. 2.1 The Parties hereby acknowledge that the principal of the Loan that the Lender will provide to the Borrowers shall be RMB one million (RMB1,000,000) in aggregate, of which: the principal provided to Xxxxxxxxx XXXX shall be RMB four hundred and fifty-one thousand three hundred (RMB 451,300); the principal provided to Xxxxxx XXXX shall be RMB three hundred and seventy-seven thousand four hundred (RMB 377,400); the principal provided to Xxxxxx XX shall be RMB seventy-two thousand (RMB 72,000); the principal provided to Xxxxxxx XXX shall be RMB thirty-nine thousand eight hundred (RMB 39,800); the principal provided to Xx XXX shall be RMB twenty-nine thousand nine hundred (RMB 29,900); the principal provided to Xxxxx XX shall be RMB twenty-nine thousand six hundred (RMB 29,600). 2.2 The interest rate of the Loan hereunder shall be zero, i.e., the Loan hereunder shall be interest-free.
Sample 1Sample 2Sample 3
AMOUNT AND INTEREST OF THE LOAN. 2.1 The Parties hereby acknowledge that the principal of the Loan that the Lender will provide to the Borrowers shall be RMB [one million] (RMB1,000,000) in aggregate, of which: the principal provided to Xxxxxx Xxxx shall be RMB seven hundred thousand (RMB700,000); the principal provided to Xx Xxxxx shall be RMB three hundred thousand (RMB300,000). 2.2 The interest rate of the Loan hereunder shall be zero, i.e., the Loan hereunder shall be interest-free.
Sample 1Sample 2
AMOUNT AND INTEREST OF THE LOAN. 2.1 The Parties hereby acknowledge that the principal of the Loan that the Lender will provide to the Borrowers shall be [RMB one million (RMB1,000,000)] in aggregate, of which: the principal provided to [Tao LU] shall be [RMB forty thousand (RMB400,000)]; the principal provided to [Xxx XXXX] shall be [RMB thirty thousand (RMB300,000)]; the principal provided to [Xx XXXXX] shall be [RMB thirty thousand (RMB300,000)]. 2.2 The interest rate of the Loan hereunder shall be zero, i.e., the Loan hereunder shall be interest-free.
Sample 1
AMOUNT AND INTEREST OF THE LOAN. 2.1 The Parties hereby acknowledge that the principal of the Loan that the Lender has provided to the Borrowers shall be one million and two hundred thousand US Dollars (US$1,200,000) in aggregate, of which: the principal provided to Xxxxxx Xxxx shall be six hundred and twenty-four thousand four hundred and eighty US Dollars (US$624,480); the principal provided to Xx Xxx shall be five hundred and seventy-five thousand five hundred and twenty US Dollars (US$575,520). 2.2 The interest rate of the Loan hereunder shall be zero, i.e., the Loan hereunder shall be interest-free.
Sample 1
AMOUNT AND INTEREST OF THE LOAN. 2.1 The Parties hereby acknowledge that the principal of the Loan that the Lender has provided to the Borrowers shall be US$ one million two hundred thousand (US$1,200,000) and RMB nine million (RMB9,000,000) in aggregate, of which: the principal provided to Xxxxxxxxx XXXX shall be US$ five hundred and forty-one thousand six hundred and sixty (US$541,560) and RMB four million sixty-one thousand seven hundred (RMB4,061,700); the principal provided to Xxxxxx XXXX shall be US$ four hundred and fifty-two thousand eight hundred and eighty (US$452,880) and RMB three million three hundred and ninety-six thousand six hundred (RMB3,396,600); the principal provided to Xxxxxx XX shall be US$ eighty-six thousand four hundred (US$86,400) and RMB six hundred and forty-eight thousand (RMB648,000); the principal provided to Xxxxxxx XXX shall be US$ forty-seven thousand seven hundred and sixty (US$47,760) and RMB three hundred and fifty-eight thousand two hundred (RMB358,200); the principal provided to Xx XXX shall be US$ thirty-five thousand eight hundred and eighty (US$35,880) and RMB two hundred and sixty-nine thousand one hundred (RMB269,100); the principal provided to Xxxxx XX shall be US$ thirty-five thousand five hundred and twenty (US$35,520) and RMB two hundred and sixty-six thousand four hundred (RMB266,400). 2.2 The interest rate of the Loan hereunder shall be zero, i.e., the Loan hereunder shall be interest-free.
Sample 1
AMOUNT AND INTEREST OF THE LOAN. 2.1 The Parties hereby agree that the aggregate principal of the Loan provided by the Lender to the Borrowers is RMB27 million (RMB27,000,000.00), of which: The part of the Loan provided to Xxxx Xxxxxx is RMB12.42 million (RMB12,420,000.00); The part of the Loan provided to Yin zhe is RMB3.24 million (RMB3,240,000.00); The part of the Loan provided to Xxxxx Xxxxxx is RMB1.08 million (RMB1,080,000.00); The part of the Loan provided to Xxx Xxx is RMB810 thousand (RMB810,000.00); The part of the Loan provided to He Boquan is RMB6.75 million (RMB6,750,000.00); The part of the Loan provided to Yan Qianghua is RMB2.7 million (RMB2,700,000.00); 2.2 The principal of the above-said Loan shall be granted by the Lender or any party designated by it to the Borrowers on December, 25, 2013 (“Loan Date”). 2.3 Interest rate of the Loan hereunder shall be zero, i.e., no interest will be charged.
Sample 1
AutoNDA by SimpleDocs
AMOUNT AND INTEREST OF THE LOAN. 1.1 The Parties hereby acknowledge that the principal of the loan that the Lender will provide to the Borrower shall be one hundred and fifty thousand US Dollars (US$150,000) . 1.2 The interest rate of the loan hereunder shall be zero, i.e., the loan hereunder shall be interest-free. 1.3 The Lender shall disburse the loan to the borrower within fifteen days after the execution of this Agreement.
Sample 1

Related to AMOUNT AND INTEREST OF THE LOAN

  • 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.

  • Interest on Revolving Credit Advances Each Borrower shall pay interest on the unpaid principal amount of each Revolving Credit Advance made to such Borrower owing to each Lender from the date of such Revolving Credit Advance until such principal amount shall be paid in full, at the following rates per annum:

  • Notice of Interest Period and Interest Rate Promptly after receipt of a Notice of Borrowing pursuant to Section 2.02(a), a notice of Conversion pursuant to Section 2.09 or a notice of selection of an Interest Period pursuant to the definition of “Interest Period”, the Administrative Agent shall give notice to the Borrower and each Lender of the applicable Interest Period and the applicable interest rate determined by the Administrative Agent for purposes of clause (a)(i) or (a)(ii) above.

  • Interest on Revolving Loans The outstanding principal amount of each Revolving Loan made by each Lender shall bear interest at a fluctuating rate per annum that shall at all times be equal to (i) during such periods as such Revolving Loan is a Base Rate Loan, the Base Rate plus the Applicable Revolving Loan Margin and (ii) during such periods as such Revolving Loan is a Eurodollar Loan, the relevant Adjusted Eurodollar Rate for such Eurodollar Loan for the applicable Interest Period plus the Applicable Revolving Loan Margin.

  • Interest on Revolving Credit Loans (a) Each Revolving Credit Loan shall bear interest at the Base Margin Rate unless timely notice is given (as provided in Section 2.5) that the subject Revolving Credit Loan (or a portion thereof) is, or is to be converted to, a LIBOR Loan. (b) Each Revolving Credit Loan which consists of a LIBOR Loan shall bear interest at the applicable LIBOR Rate. (c) Subject to, and in accordance with, the provisions of this Agreement, the Lead Borrower may cause all or a part of the unpaid principal balance of the Loan Account to bear interest at the Base Margin Rate or the LIBOR Rate as specified from time to time by the Lead Borrower by notice to the Administrative Agent. (d) For ease of reference and administration, each part of the Loan Account which bears interest at the same rate of interest and for the same Interest Period is referred to herein as if it were a separate "Revolving Credit Loan". (e) The Lead Borrower shall not select, renew, or convert any interest rate for a Revolving Credit Loan such that, in addition to interest at the Base Margin Rate, there are more than seven (7) Interest Periods for LIBOR Loans in the aggregate for all Borrowers applicable to the Revolving Credit Loans at any one time. (f) The Borrowers shall pay accrued and unpaid interest on each Revolving Credit Loan to its Borrower in arrears as follows: (i) On the applicable Interest Payment Date for that Revolving Credit Loan. (ii) On the Termination Date and on the End Date. (iii) Following the occurrence of any Event of Default, with such frequency as may be determined by the Administrative Agent. (g) Following the occurrence of any Event of Default (and whether or not any Agent exercises its rights on account thereof), all Revolving Credit Loans shall bear interest, at the option of the Administrative Agent or at the instruction of the SuperMajority Lenders, at a rate which is the aggregate of the applicable rate (including the Applicable Margin) for Base Margin Loans and/or LIBOR Loans, as applicable, plus two percent (2%) per annum.

  • Additional Interest on Eurodollar Rate Advances The Borrower shall pay to each Lender, so long as such Lender shall be required under regulations of the Board of Governors of the Federal Reserve System to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency Liabilities, additional interest on the unpaid principal amount of each Eurodollar Rate Advance of such Lender, from the date of such Advance until such principal amount is paid in full, at an interest rate per annum equal at all times to the remainder obtained by subtracting (i) the Eurodollar Rate for the Interest Period for such Advance from (ii) the rate obtained by dividing such Eurodollar Rate by a percentage equal to 100% minus the Eurodollar Rate Reserve Percentage of such Lender for such Interest Period, payable on each date on which interest is payable on such Advance. Such additional interest shall be determined by such Lender and notified to the Borrower through the Administrative Agent, and such determination shall be conclusive and binding for all purposes, absent manifest error.

  • 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 “

  • Payments of Principal and Interest Prepayments Fees Section 3.01 Repayment of Loans 35 Section 3.02 Interest 35 Section 3.03 Alternate Rate of Interest 36 Section 3.04 Prepayments 37 Section 3.05 Fees 38

  • Interest on Swing Loans Each Swing Loan shall bear interest until maturity (whether by acceleration or otherwise) at a rate per annum equal to the sum of the Base Rate plus the Applicable Margin for Base Rate Loans under the Revolving Credit as from time to time in effect (computed on the basis of a year of 365 or 366 days, as the case may be, for the actual number of days elapsed). Interest on each Swing Loan shall be due and payable by the Borrower on each Interest Payment Date and at maturity (whether by acceleration or otherwise).

  • Interest on Swingline Loans Subject to the provisions of Section 2.8, Swingline Loans shall bear interest at a per annum rate equal to the Alternate Base Rate plus the Applicable Margin for Revolving Loans that are Alternate Base Rate Loans. Interest on Swingline Loans shall be payable in arrears on each Interest Payment Date.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!