Fixed Interest Rate. The loan interest rate shall be —% (above/below) the base rate and the applicable annual interest rate shall be 5.655%. For a loan with a term not longer than five years, the base rate shall be the RMB loan base rate published by the People’s Bank of China which is applicable in that period; for a loan with a term longer than five years, the base rate shall be the RMB loan base rate published by the People’s Bank of China plus — (in words) percentage points.
Appears in 2 contracts
Samples: Loan Extension Agreement (Shineco, Inc.), Loan Extension Agreement (Shineco, Inc.)
Fixed Interest Rate. The loan interest rate shall be —be, on the basis of the basic interest rate, by % (above/below) upward, the base rate and the applicable annual agreed interest rate shall be 5.655%being % till the maturity date of the loan. For The basic interest rate for a loan with a term not longer than under five years (inclusive of five years, ) is the base current basic interest rate shall be the for RMB loan base rate published loans as promulgated by the People’s Bank of China which is applicable in that period; China. The basic interest rate for a loan with a term longer than over five years, years is the base basic interest rate shall be the for RMB loan base rate published loans as promulgated by the People’s Bank of China plus — (in words) percentage points.point(s). The interest rate for foreign currency loans shall be determined according to the of the following methods:
Appears in 2 contracts
Samples: Trina Solar LTD, Trina Solar LTD
