Common use of Floating Rate Clause in Contracts

Floating Rate. Each loan under this Contract shall be withdrawn based on the (☒ one-year LPR / ☒ LPR over five years) issued by the National Inter-bank Funding Center (☒ plus/ ☒ minus)/ bps (1bps = 0.01%) on the latest LPR issuance date prior to the withdrawal date. During the loan period of this Contract, the loan interest rate shall be adjusted as follows: ☒ On an annual basis, January 1 of each year shall be taken as the interest rate adjustment date, and it shall be executed based on the LPR (☐ plus/☐minus)/ bps issued recently before the adjustment date of interest rate. ☒ Others: / The interest rate of each loan shall be subject to that recorded in the loan voucher.

Floating Rate. Each loan under this Contract shall be withdrawn based on the (☒ ☐ one-year LPR / ☒ ☐ LPR over five years) issued by the National Inter-bank Funding Center (☒ plus/ ☒ minus)/ ☐ plus/☐ minus) / bps (1bps = 0.01%) on the latest LPR issuance date prior to the withdrawal date. During the loan period of this Contract, the loan interest rate shall be adjusted as follows: ☒ ☐ On an annual basis, January 1 of each year shall be taken as the interest rate adjustment date, and it shall be executed based on the LPR (☐ plus/☐minus)/ bps issued recently before the adjustment date of interest rate. ☒ ☐ Others: / The interest rate of each loan shall be subject to that recorded in the loan voucher.