Floating Interest Rate. The loan interest rate shall be determined by the loan prime rate (LPR) recently published on the working day before the withdrawal date for _____ years’ loan and ☐increased percentage points ☐decreased percentage points, which is ____ bp. The increased or decreased percentage points shall remain unchanged during the term of this Contract. In case of any adjustment to the LPR, its loan interest rate determination method shall be handled according to the following Item and the Lender will not give a further notice to the Borrower:
Floating Interest Rate. The loan interest rate shall be determined by the benchmark interest rate plus the floating range. The benchmark interest rate shall be the benchmark loan interest rate of the People's Bank of China on withdrawal date corresponding to the loan term stipulated in Article 2. The floating range shall be 49% (þ higher than / ☐ lower than / ☐ the same to) the benchmark loan interest rate (only select one), and the floating range shall remain unchanged during the term of this Contract. In case of any adjustment to the benchmark loan interest rate and the loan interest rate determination method made by the People's Bank of China, the manner as described in the following Item k shall apply and the Lender will not give a further notice to the Borrower: j From January 1 of the next year, the loan interest rate shall be adjusted, on the basis of the benchmark loan interest rate over the new same period, in accordance with the floating ratio agreed herein;
Floating Interest Rate. If:
(a) the Borrower has specified a Floating Interest Rate pursuant to Clause 3.5(b); or
(b) the Borrower has specified a Fixed Interest Rate pursuant to Clause 3.5(b) but thereafter for any reason whatsoever the Interest Make-up Agreement shall cease to be in effect, the rate of interest on the Loan in respect of any Interest Period shall be the Floating Interest Rate applicable for that Interest Period and the following provisions of this Clause 6 shall apply (in the case of the circumstances referred to in paragraph (b) above, with effect from the date on which the Interest Make-up Agreement ceases to be in effect, with such consequential amendments as shall be necessary to give effect to the switch from a Fixed Interest Rate to a Floating Interest Rate).
Floating Interest Rate. This Clause 7 applies where the Borrower has specified a Floating Interest Rate pursuant to Clause 3.5(b).
Floating Interest Rate. The interest rate of the Loan shall float by ×% (up/down) the base rate and the annual interest rate shall be %. 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 adjustment shall take place at an interval of × (in capital letters) month. In the event of an adjustment to the base interest rate of RMB loans by the People’s Bank of China, the Lender shall determine the new applicable interest rate of the Loan based on the adjusted base rate of loans for appropriate term without further notifying the Borrower. When the date of a base rate adjustment coincides with the release date of the Loan or the date of the initial month of said adjustment interval that corresponds to the release date of the Loan, the new applicable rate shall be determined from the date of the adjustment. When no such corresponding date is available, the last day of the month shall be deemed as the corresponding date.
Floating Interest Rate. The loan interest rate shall be determined by the benchmark interest rate plus the floating range. The benchmark interest rate shall be the benchmark loan interest rate of the People’s Bank of China on withdrawal date corresponding to the loan term stipulated in Article 2. The floating range shall be 49% (√ higher than / ☐ lower than / ☐ the same to) the benchmark loan interest rate (only select one), and the floating range shall remain unchanged during the term of this Contract. In case of any adjustment to the benchmark loan interest rate and the loan interest rate determination method made by the People’s Bank of China, the manner as described in the following Item ② shall apply and the Lender will not give a further notice to the Borrower: ①From January 1 of the next year, the loan interest rate shall be adjusted, on the basis of the benchmark loan interest rate over the new same period, in accordance with the floating ratio agreed herein; ②From the effective date of the interest rate adjustment by the People’s Bank of China, the loan interest rate shall be adjusted, on the basis of the new benchmark loan interest rate, in accordance with the floating ratio agreed herein;
Floating Interest Rate. The loan interest rate shall be the benchmark interest rate plus the floating margin, where the benchmark interest rate shall be the benchmark lending interest rate as published by the People’s Bank of China on drawdown date (drawdown date/effective date of this Contract) corresponding to the term of loan as stated in Article 2.2, and the floating margin shall be floating up 10% (floating up/floating down/zero). After the drawdown, the loan interest rate will be adjusted every 12 (1/3/6/12) month(s) (Interest Period) and the loan interest for each Interest Period shall be calculated according to the loan interest rate as adjusted and applicable to such Interest Period. The loan interest rate applicable to each Interest Period subsequent to the initial period shall be determined on the same numerical date in the month of such adjustment as the drawdown date. If there is no same numerical date in the month of adjustment as the drawdown date, the loan interest rate for such Interest Period shall be determined on the last day of such month of adjustment. If the Borrower makes more than one drawdown, the loan interest rate shall be determined in accordance with Item A below:
A. regardless of the number of drawdown made in an Interest Period, the loan interest rate for each of such drawdown shall be the loan interest rate applicable to such Interest Period as determined on the interest rate determination date of such Interest Period and will be adjusted simultaneously in each of the following Interest Periods; or
B. the loan interest rate for each drawdown shall be determined and adjusted separately.
Floating Interest Rate. Subject to Section 8.9(c) and Section 8.10(a), the outstanding principal amount of the Notes shall bear interest, for each Interest Period applicable thereto, at the relevant LIBO Rate for such Interest Period. The LIBO Rate shall be determined by the Company for the Notes, and notice of the LIBO Rate shall be given to the holders of the Notes on the first day of each Interest Period, together with a copy of the relevant screen used for the determination of the LIBO Rate, a calculation of the LIBO Rate for such Interest Period in reasonable detail, the number of days in such Interest Period, the date on which interest for such Interest Period will be paid and the amount of interest to be paid to each holder of Notes on such date. In the event that the Required Holders do not concur with any such determination by the Company, within ten Business Days after receipt by the holders of a notice delivered by the Company pursuant to the immediately preceding sentence, such holders shall provide notice to the Company, together with a copy of the relevant screen used for the determination of LIBO Rate, a calculation of the LIBO Rate for such Interest Period in reasonable detail, the number of days in such Interest Period, the date on which interest for such Interest Period will be paid and the amount of interest to be paid to each holder of Notes on such date, and any such determination made in accordance with the provisions of this Agreement shall be binding upon the Company absent manifest error.
Floating Interest Rate. The interest rate under this Contract shall be determined according to the__(1)__ mode of the following items. The interest rate of this loan after readjustment shall be the benchmark interest rate announced by the People’s Bank of China for loans of the same term and priority as the adjustment date in accordance with the definite interest rate after readjustment via the way specified in 4.1 under this Contract. ①The interest rate shall be readjusted for every __SIX__ months (in capital form) (1/3/6/12) from the withdrawal actual date. The readjustment date shall be that in the readjustment month corresponding to the withdrawal actual date. If there is no date in the readjustment month corresponding to the withdrawal actual date, the readjustment date shall be the last date in the readjustment month. ②The initial interest rate shall be on __/___(Month)__ /___(Day)__ /___(Year) from the withdrawal actual date and for every ___/____ months (in capital form) (1/3/6/12) from the readjustment date. The readjustment date shall be that in the readjustment month corresponding to the initial readjustment date. If there is no date in the readjustment month corresponding to the initial readjustment date, the readjustment date shall be the last date in the readjustment month. ③The readjustment date of the interest rate under this Contract shall be the readjustment date of the benchmark interest rate announced by the People’s Bank of China for loans from the withdrawal actual date.
Floating Interest Rate. If:
(a) the Borrower has specified a Floating Interest Rate pursuant to Clause 3.5(a)(ii); or
(b) the Borrower has specified a Fixed Interest Rate pursuant to Clause 3.5(a)(ii) but thereafter for any reason whatsoever the Interest Make-up Agreement is suspended or otherwise ceases to be in effect; or
(c) SIMEST has requested a change of currency pursuant to the Interest Make-Up Agreement and such change of currency is not agreed by the Borrower or Lenders in accordance with Clause 6.15
