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Common use of Fixed Interest Rate Clause in Contracts

Fixed Interest Rate. The interest rate of the Loan shall float by 10 % up (up/down) the base rate and the annual interest rate shall be 6.138% until the maturity date of the Loan. The base rate of a loan for a term of five years or less shall be the base rate of RMB loans in the same period as publicized by the People’s Bank of China, and that of a loan for a term of more than five years shall be said base rate of RMB loans plus × (in capital letters) percent. Interest rate of foreign-currency loans shall be determined using the × method described here below: (1) The interest rate shall be floating based on × (in capital letters) months × that is composed of (in capital letters) months’ × (LIBOR/HIBOR) + × % as interest rate difference. LIBOR/HIBOR shall be the London/Hong Kong inter-bank offered rate publicized by Routers as of two working days before the interest calculation date for loans of the corresponding term. (2) Apply the annual interest rate of × % until the maturity date of the Loan.

Appears in 6 contracts

Samples: Loan Contract (Asian Financial Inc), Loan Contract (Asian Financial Inc), Loan Contract (Asian Financial Inc)

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Fixed Interest Rate. The interest rate of the Loan shall float by 10 % up ×up (up/down) the base rate and the annual interest rate shall be 6.1387.227% until the maturity date of the Loan. The base rate of a loan for a term of five years or less shall be the base rate of RMB loans in the same period as publicized by the People’s Bank of China, and that of a loan for a term of more than five years shall be said base rate of RMB loans plus × (in capital letters) percent. Interest rate of foreign-currency loans shall be determined using the × method described here below: (1) The interest rate shall be floating based on × (in capital letters) months × that is composed of (in capital letters) months’ × (LIBOR/HIBOR) + × % as interest rate difference. LIBOR/HIBOR shall be the London/Hong Kong inter-bank offered rate publicized by Routers as of two working days before the interest calculation date for loans of the corresponding term. (2) Apply the annual interest rate of × % until the maturity date of the Loan.

Appears in 1 contract

Samples: Loan Contract (Asian Financial Inc)

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Fixed Interest Rate. The interest rate of the Loan shall float by 10 % up (up/down) the base rate and the annual interest rate shall be 6.1386.732% until the maturity date of the Loan. The base rate of a loan for a term of five years or less shall be the base rate of RMB loans in the same period as publicized by the People’s Bank of China, and that of a loan for a term of more than five years shall be said base rate of RMB loans plus × (in capital letters) percent. Interest rate of foreign-currency loans shall be determined using the × method described here below: (1) The interest rate shall be floating based on × (in capital letters) months × that is composed of (in capital letters) months’ × (LIBOR/HIBOR) + × % as interest rate difference. LIBOR/HIBOR shall be the London/Hong Kong inter-bank offered rate publicized by Routers as of two working days before the interest calculation date for loans of the corresponding term. (2) Apply the annual interest rate of × % until the maturity date of the Loan.

Appears in 1 contract

Samples: Loan Contract (Asian Financial Inc)

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