INTEREST RATE AND CALCULATION OF INTEREST. 1. Interest rate: The interest rate shall be 80% of the banking loan interest rate. During the loan term, if the country’s related authority adjusted the interest rate or the manner of calculation of interest, the interest of this contract shall be adjusted accordingly after one year from the date of execution of this contract. The adjustment shall be conducted when the interest rate are executed one year. It is not obliged to inform the Borrower when the adjustment of interest.
2. The interest shall be calculated from the date of first drawdown and the actual days the borrower use. One year shall be calculated as 360 days.
3. The payment of interests: The Borrower shall pay the interests per year. If the payment for the last installment is not on the payment date, the interests shall deduct the interest from the bank account of the Borrower.
INTEREST RATE AND CALCULATION OF INTEREST. 5.1 Interest rate: The interest rate shall be calculated on the basis of a three hundred sixty (360)-day year and paid on each interest Payment Date (20th of each month) based on the actual number of days elapsed. The Loan shall accrue interest on the outstanding balance, at an monthly rate. If the due date for any payment under this Contract shall not be a Business Day, then such payment shall be made on the next succeeding Business Day, when the Loan is due, Principal and Interest both shall be paid off.
5.2 Interest rate shall adopt to article 4.2.1;
5.2.1 Annual Interest Rate is 6.732% which is fixed rate, shall have no adjustment made during the term of the Loan.
5.2.2 The Lender shall notify The Borrower within in 30 days when the Interest Rate modified, the execution shall not be affected whether the notice has been delivered.
5.3 For the matters not referred in this contract shall be construed in accordance with the provisions of the Peoples Bank of China.
INTEREST RATE AND CALCULATION OF INTEREST. 1. Interest Rate
INTEREST RATE AND CALCULATION OF INTEREST. 5.1 Interest rate 5.1.1 Float Rate: Annual Interest Rate is 5.61% which is 10% floating. The adjustment of the interest shall make once a month
INTEREST RATE AND CALCULATION OF INTEREST. 1. The interest rate for the loan hereunder shall be executed as the following second method:
(1) Fixed interest rate, with an annual interest rate of / %. In case of adjustment of national benchmark interest rate during the period between the loan issuance date provided in Article 4 hereof and the actual issuance date for each installment, the fixed interest rate shall be increased by / % or decreased by / % of national benchmark interest rate on the actual issuance date for the loan on the same level and within the same period, that is, the actual interest rate shall be equal to the benchmark interest rate on the actual issuance date for the loan on the same level and within the same period multiplied by the factor of / . Furthermore, the loan term shall not be adjusted due to the adjustment of national benchmark interest rate.
(2) Floating interest rate, which shall be re-fixed once every year (month/quarter/half a year/year/other terms), with an annual interest rate being / % over or / % below the national benchmark interest rate for the loan on the level and within the same period, that is, the actual interest rate shall be equal to the benchmark interest rate for the loan on the same level and within the same period multiplied by the factor of 1. The interest rate for the first term shall be the national benchmark interest rate on the actual issuance date for the loan on the same level and within the same period multiplied by the aforesaid factor, and after every one year (month/quarter/half a year/year/other terms) from the actual issuance date, the interest rate for the next term shall be fixed as the national benchmark interest rate at that time for the loan on the same level multiplied by the aforesaid factor. During the term of the loan hereunder, in case of any adjustment of national benchmark interest rate, the Lender shall not need to notify the Borrower.
INTEREST RATE AND CALCULATION OF INTEREST. 2.1 The provision of (1) below shall apply to the interest rate under this Contract:
(1) With respect to fixed interest rate for RMB loans, the interest rate shall adopt the □ benchmark interest rate ☑ 20% upward adjusted benchmark interest rate □ / downward adjusted benchmark interest rate, at the time □ this Contract comes into effect □ first loan issuance date ☑ actual loan issuance date (where the loan is issued in installments, the actual issuance date shall be the issuance date for each installment loan) (term), and during the term of this Contract the interest rate shall not be adjusted.
(2) With respect to floating interest rate for RMB loans, the following specific terms shall apply: The interest rate shall adopt the □ benchmark interest rate □ / upward adjusted benchmark interest rate □ / downward adjusted benchmark interest rate, at the time □ this Contract comes into effect □ first loan issuance date □ actual loan issuance date (where the loan is issued in installments, the actual issuance date shall be the issuance date for each installment loan). ‚ Where the benchmark interest rate is adjusted by the People's Bank of China during the term of this Contract, the / method below shall be adopted to determine the adjustment date for the interest rate under this Contract. As from the adjustment date for the interest rate under this Contract, the Lender shall have the right to implement the adjusted interest rate in accordance with the applicable interest rate level on the adjustment date for interest rate under this Contract, and the upward (downward) adjustment range shall remain the same.
a. The date on which the People's Bank of China adjusts interest rate shall be the adjustment date for the interest rate under this Contract;
b. The date on which it has been a whole □ month □ quarter □ half a year □ one year from the actual loan issuance date (where the loan is issued in installments, □ first loan □ the issuance date for each installment loan, shall apply) shall be the adjustment date for the interest rate under this Contract;
INTEREST RATE AND CALCULATION OF INTEREST. 1. Interest rate The interest rate shall be the following (2) .
(1) Fixed interest rate, annual interest rate ∥ %. The interest rate shall remain the same during the loan period.
(2) Floating interest rate, the starting date shall be the actual withdrawal date. The floating period shall be every / month, re-price again. The re-pricing date shall be the first date of next floating period. On each withdrawal: ■ floating interest of RMB loan
A. The interest rate for the first period (from the actual withdrawal date to the expiration date of the floating cycle) shall be the three to five years (including five years) benchmark lending rate promulgated by the People’s Bank of China.
B. On the re-pricing date, the applicable floating interest rate shall be the benchmark lending rate promulgated by the People’s Bank of China.
INTEREST RATE AND CALCULATION OF INTEREST. (a) Each Bond bears interest on the Principal Amount at the Interest Rate.
(b) Interest for each Interest Period shall be calculated in accordance with clause 3.3 ([Interest periods and] Interest Payment Dates).
(c) Interest will cease to accrue on the date on which each Bond is repaid.
INTEREST RATE AND CALCULATION OF INTEREST. 1. Please refer to Special term 3 of Article 23 under this contract. If the loan interest rate agreed in this contract is inconsistent with the loan interest rate recorded in the loan document, the loan interest rate in the loan document shall prevail.
2. Interest shall be charged from the date when the principal of the loan in local and foreign currency is transferred to the borrower’s account by the lender as agreed in this contract. The interest is calculated in the following formula: interest=principal x number of days of borrowing x daily interest rate.
3. Daily interest rate=annual interest/360; monthly interest rate=annual interest/12.
4. Loan Prime Rate (LPR in short) refers to the basic lending reference rate released monthly by the national inter-bank lending center authorized by the People’s Bank of China. Currently LPR has become a reference benchmark for pricing the loans in RMB. The LPR when the loan is released refers to the LPR published at the same time for the same grade as the LPR released by national inter-bank lending center the day before the loan is released.
5. In the event the country adjusts the LPR, the creditor shall be entitled to follow the national interest rate policy, based on the principle of fairness and honesty, and refer to the industrial practice and interest rate conditions to redefine the rate under the contract for the loans in RMB released under this contract. If the debtor has any objections, they shall discuss with the creditor in a timely manner. If the negotiation fails, the creditor has the right to collect the loan back in advance and the debtor is obliged to pay back the remaining principal and interest of the loan immediately, otherwise it shall be deemed that the modified loan interest rate is accepted by the debtor.
INTEREST RATE AND CALCULATION OF INTEREST. (a) Each Bond bears interest on the Principal Amount at the Interest Rate. On the Rate Set Date, the Company will advise NZX by general announcement of the Interest Rate.
(b) Interest for each Interest Period shall be calculated in accordance with clause 3.2.
(c) Interest will cease to accrue on the date on which each Bond is repaid.
