Interest Rate and Interest Sample Clauses

Interest Rate and Interest. 1.1 In the foreign currency loans, LIBOR is the interbank offered rate of the loan currency in the contract displayed on the page of the REUTRES financial communications terminal "LIBO=" on the first two working days of the bank of the withdrawal day or the benchmark interest rate adjustment day (11:00 a.m at London time); HIBOR is the interbank offered rate of the Hong Kong dollar displayed on the page of the REUTRES financial communications terminal "HIBO=" on the first two working days of the bank of the withdrawal day or the benchmark interest rate adjustment day.
AutoNDA by SimpleDocs
Interest Rate and Interest. 4.1 Interest of the Loan is calculated daily from the drawdown date and paid monthly on the 20th day of each month. Principal is paid off on maturity date with all due interest.
Interest Rate and Interest. 5.1 Interest rate: Interest of the Loan is calculated at the rate of 5.22 % per annum. The interest rate of the Loan shall be finally confirmed by the rate stated on the certificate of indebtedness. If Party B changes the purpose of the Loan, Party A is entitled to charge interest on the misused portion of the Loan at the rate equaling to 2 times of the normal Loan interest rate based on misused days. If Party B fails to repay the Loan before the due date, Party A is entitled to charge interest on the amount in default at the rate equaling to 1.5 times of the normal Loan interest rate. If both events above-mentioned occur simultaneously, Party B should impose penalty based on the breach which is more severe instead of based on both events. If the People’s Bank of China changes the lending rate during the term of the Loan, the interest of the Loan shall be calculated in accordance with the provisions relating to such change.
Interest Rate and Interest. 1.1 The LIBOR applicable to a foreign currency loan hereunder shall be the inter-bank offered rate applicable to the currency of such loan as shown on the "LIBO=" page of the Reuters' financial messaging terminal at 11:00 am (London time) on the day that is two bank business days prior to the drawdown date or the benchmark interest rate adjustment date; the HIBOR shall be the inter-bank offered rate applicable to Hong Kong Dollar as shown on the "HIBO=" page of the Reuters' financial messaging terminal at 11:15 am (Hong Kong time) on the day that is two bank business days prior to the drawdown date or the benchmark interest rate adjustment date.
Interest Rate and Interest. 1.1 The interest of the Loan shall be calculated on monthly basis and shall be on the 20th day of the month (or of last month of each quarter).
Interest Rate and Interest. 1.1 The interest rate is determined by the benchmark interest rate plus the floating range, the overdue interest rate shall be determined by the same manner.
Interest Rate and Interest. 1.1 If the borrowing rate hereunder adopts floating interest rate, the rules for interest rate adjustment after the borrowing becomes overdue will still be executed according to the original method.
AutoNDA by SimpleDocs
Interest Rate and Interest. 1.1 In case of foreign currency loan, LIBOR shall be interbank offered rate displayed on the Reuters terminal under the page of “LIBO=” for the same currency as the Loan under this Contract two bank business days before the drawdown day or reset day at 11:00am London time; HIBOR shall be interbank offered rate displayed on the Reuters terminal under the page of “HIBO=” for the same currency as the Loan under this Contract two bank business days before the drawdown day or reset day at 11:15am Hong Kong time.
Interest Rate and Interest. 1.1 In case the Loan under this Agreement adopts float interest rate, the adjustment rules concerning the interest rate shall be carried out according the original method as agreed in this Agreement if the Loan is overdue.
Interest Rate and Interest. 4.1 The interest rate of the Loan shall be applied to the method of (2):
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!