Common use of Interest Rate and Interest Clause in Contracts

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.

Appears in 3 contracts

Samples: Altair Nanotechnologies Inc, China Energy Recovery, Inc., China Energy Recovery, Inc.

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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. If there is any material change to the fixing method of LIBOR or HIBOR, the applicable business rules effective at the time shall apply.

Appears in 2 contracts

Samples: Small Business Loan Agreement (Genetron Holdings LTD), Small Business Loan Agreement (Genetron Holdings LTD)

Interest Rate and Interest. 1.1 1.3 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.

Appears in 1 contract

Samples: Xerium Technologies Inc

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Interest Rate and Interest. 1.1 The LIBOR applicable to a In the case of foreign currency loan hereunder loans, the LIBOR shall be the inter-bank interbank offered rate applicable to the currency of such loan the Loan under this Agreement 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 banking days prior to the drawdown date or the benchmark interest rate adjustment date; the HIBOR shall be the inter-bank interbank 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 banking days prior to the drawdown date or the benchmark interest rate adjustment date.

Appears in 1 contract

Samples: Fixed Asset Loan Agreement (China Natural Resources Inc)

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