Common use of Interest Calculation, Interest Settlement and Repayment Clause in Contracts

Interest Calculation, Interest Settlement and Repayment. 7.1 The interest of the loan under this Contract shall be calculated on a daily basis from the actual withdrawal date. Both parties agree to determine the method of interest settlement and repayment according to the second way as follows: (1) The interest shall be settled on a monthly basis on the twenty-first (21st) of each month, and the interest shall be paid with the principal on the due date; (2) The interest shall be settled quarterly on the twenty-first (21st) of the last month of each quarter, and the interest shall be paid with the principal on the due date; (3) The interest shall be paid in one time on the due date;

Interest Calculation, Interest Settlement and Repayment. 7.1 6.1 The interest of the each loan under this Contract hereunder shall be calculated on a daily basis from the actual withdrawal date. Both , and both parties agree to determine follow below (2) Determine the method of interest settlement knot by any way Interest rate and repayment according to the second way as followsmethod: (1) The interest rate shall be settled on a monthly basis on the twenty-first 21 (21st21) day of each month, and the interest of maturity date shall be paid cleared with the principal on the due dateprincipal; (2) The interest shall be settled on a quarterly basis on the twenty-first 21 (21st21) day of the last month end of each quarter, and the interest on the maturity date shall be paid cleared with the principal on the due dateprincipal; (3) The interest shall be paid in one time along with the principal, and the interest shall be paid once on the due date;