Common use of Floating Interest Rate Clause in Contracts

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 loan prime rate (LPR) recently published on the working day before the withdrawal date for ______ years’ loan and ☐increased ¨increased percentage points ☐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 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 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 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: