Interest Rate and Computation of Interest Sample Clauses

Interest Rate and Computation of Interest. 4.1. The interest rate and computation of interest for the loan under this Contract shall be as follows:

Interest Rate and Computation of Interest. 2.1 Loan interest rate (fixed): 6.138% (annually /monthly) 2.2.1 The penalty interest: 9.207% (annually/monthly) 2.2.2 The penalty interest : 12.276% if the loan is not used as described in this contract. 2.2.3 The penalty interest: 9.207% if repayment is after the maturity date.

Interest Rate and Computation of Interest. 2.1 Interest rate: 5.76% (√ annually monthly).

Interest Rate and Computation of Interest. 2.1 The applicable interest hereunder is specified in (2) below: (1) RMB fixed rate; the rate is determined on the day [ ] when this Contract becomes effective [ ] when the loan is first release [ ] when the loan is actually issued (if release in installments, the rate is then determined separately on the day when each amount of the loan is issued) for ___________ (term) on the basis of [ ] the base rate [ ] the base rate floating upward by ____ [ ] the base rate floating downward by ____ and the rate will not be adjusted during the term of the loan. (2) RMB floating rate; the rate is determined as follows: (2.1) The rate is determined on the day x when this Contract becomes effective ¨ when the loan is first release x when the loan is actually issued (if release in installments, the rate is then determined separately on the day when each amount of the loan is issued) for One Year (term) on the basis of [ ] the base rate [ X ] the base rate floating upward by 10% [ ] the base rate floating downward by ____. (2.2) If, during the term of the loan, People's Bank adjusts the base rate, the interest rate hereunder will be adjusted on the Adjustment Day specified by method (a) below. Starting on interest rate adjustment day of this Contract, the Lender has the right to assess the interest rate adjusted by the corresponding rate level on the adjustment day, with the upward/downward floating range unchanged. (a) The People's Bank's interest rate adjustment day is Adjustment Day for this Contract; (b) Starting on the day when the loan is issued (if release in installments, the adjustment day is based on the day when each installment of the loan is issued), the day after each [ ] month [ ] quarter [ ] every six months [ ] year is the Adjustment Day for this Contract; (2.3) If the base rate after the People's Bank adjustment is floating rate or the base rate is cancelled, the two parties will engage in separate consultation for the adjustment of the interest rate hereunder; however, the rate after the adjustment shall not be lower than the applicable rate at that time; if, one month after the People's Bank's adjustment day, the two parties are still unable to reach agreement on the new adjusted rate, the Lender has the right to declare all the loan hereunder due ahead of schedule. 2.2 Daily rate = monthly rate/30, and monthly rate = annual rate/12. 2.3 Computation of interest rate 2.3.1 Normal interest = Interest Rate Specified Herein <times> Amount of Loan Released ...

Interest Rate and Computation of Interest. 2.1 Interest rate: The annul interest rate is 5.346%, up by 10% compared the fixed benchmark interest rate announced by the People’s Bank of China. Interest for Loans for less than 5 years is the same as the period benchmark interest of People’s Bank of China. For more than 5 years the interest is benchmark interest rate announced by the People’s Bank of China plus 0%. The cycle for interest is 6 months.

Interest Rate and Computation of Interest. 4.1. The interest rate and computation of interest for the loan under this Contract shall be as follows: 4.1.1. The interest rate applicable for loans of six years (as published by the People's Bank of China), adjusted once every year shall be applied to the