Interest Rate and Calculation. (i) With respect to each of Interest Calculation Period determined under Article 6.1.1, the lending interest rate under this Agreement shall be a floating interest rate and calculated as the sum between floating three-month LIBOR for USD and Interest Margin, of which:
Interest Rate and Calculation. 1.1 Except as otherwise provided in this Promissory Note (the “Note”), commencing on the date of this Note and continuing until such time as all principal, interest and other amounts outstanding hereunder are paid in full, interest shall accrue on the Principal Amount outstanding from time to time at an annual rate equal to Twelve (10%) percent simple interest (the “Interest Rate”).
Interest Rate and Calculation. 2.1 The interest rate shall be 35% lower than the prevailing lending interest rate required by the State authority. In the case of the lending interest rate adjustment required by the State authority, the applicable interest rate in the next year will be 35% lower than the adjusted loan interest rate. If the interest rate thus obtained on basis of the calculation as mentioned before (approximated to 0.001, e.g. X.XXX%, the forth digit after the decimal point is negligible) is not dividable by 3, the interest rate shall be adjusted by increment of 0.001% until such it is dividable by 3.
Interest Rate and Calculation. 2.1 The option (2) below shall be applied to determine the interest rate hereunder:
Interest Rate and Calculation. 4.1 The monthly interest rate hereunder is seven point forty seven percent (7.47%) (the interest rate for the mid and long term borrowing is calculated yearly in compliance with the regulations of the People’s Bank of China (the “PBC”)). The Interest shall be accrued per month from the Actual Drawdown Date, and the interest settlement date is the 20th day of every month (the 20th day of every month/ the 20th day in the last month of every quarter). The payment of the principal and the accrued interest shall be paid in full when due.
Interest Rate and Calculation. The Company shall pay interest at a rate of 12.0% per annum on the outstanding Principal Amount computed by multiplying the actual number of days in such period by a daily interest rate based on a 360-day year, which such interest shall be due and payable on the Maturity Date.
Interest Rate and Calculation. The principal balance of the Loan shall be amortized over a period of three (3) years. Interest shall accrue and be payable on the outstanding principal balance at an annual rate of seven percent (7%) (the “Interest Rate”). Interest shall be fully cumulative and shall accrue on a daily basis, based on a 365-day year, and compound monthly on the last day of each month beginning on the last day of the first full month after the Original Issue Date .
