Common use of Interest Rate and Interest Clause in Contracts

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.

Appears in 3 contracts

Samples: CHINA METRO-RURAL HOLDINGS LTD, CHINA METRO-RURAL HOLDINGS LTD, CHINA METRO-RURAL HOLDINGS LTD

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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.. ICBC Fixed Asset Loan Contract

Appears in 1 contract

Samples: CHINA METRO-RURAL HOLDINGS LTD

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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.. ICBC Working Capital Loan Contract

Appears in 1 contract

Samples: CHINA METRO-RURAL HOLDINGS LTD

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