Common use of Interest Rate and Payment of Interest Clause in Contracts

Interest Rate and Payment of Interest. 3.1 Basic regulations on determining the interest rate 3.1.1 The annual interest rate (simple interest) of the loan under this contract shall be agreed by both parties in the Application for the Use of Quota after negotiation each time the quota is used. If the annual interest rate value is determined according to the pricing benchmark, the annual interest rate value shall be calculated according to the pricing benchmark agreed in the Application for the Use of Quota plus (minus) points (1 basis point is 0.01 percent, and 1 percentage point is 100 basis points). 3.1.2 If both parties agree to apply the fixed interest rate in the Application for Use of Quota, and the specific value is recorded in the fixed interest rate value field, The specific interest rate of each loan shall be subject to the value recorded in the Fixed Interest Rate Value field of the Application for the Use of the Quota (where the loan currency is RMB, such specific value shall be determined on the basis of the specific value of the pricing benchmark applicable on the applicable date of the pricing benchmark agreed in the Application for the Use of the Quota (hereinafter referred to as “the pricing benchmark value”) and according to the plus (minus) point value agreed in the Application for the Use of the Quota). If no specific value is recorded in the Fixed Interest Rate Value field, the specific interest rate of each loan shall be determined based on the applicable pricing benchmark value on the applicable date of the pricing benchmark agreed in the Application for the Use of Quota and according to the plus (minus) point value agreed in the Application for the Use of Quota. If both parties agree to apply the floating interest rate in the Application for the Use of Quota, the specific interest rate of each loan shall be determined on the basis of the pricing benchmark value applicable to the applicable date of the pricing benchmark agreed in the Application for the Use of Quota, according to the plus (minus) point value, interest rate floating rules, interest rate floating cycle, interest rate floating cycle unit and the floating start date of a specific date (if necessary) agreed in the Application for the Use of Quota. 3.1.3 If the currency is RMB, daily interest rate = monthly interest rate/30, monthly interest rate = annual interest rate/12; if the currency is HKD, GBP and AUD, daily interest rate = annual interest rate/365; if the currency is USD, Euro, JPN and other foreign currencies accepted by the loaner, daily interest rate = annual interest rate/360.

Interest Rate and Payment of Interest. 3.1 Basic regulations on rules for determining the interest rate 3.1.1 The annual loan interest rate under the Contract is based on the Loan Prime Rate (simple interest) of the loan under this contract shall be agreed by both parties in the Application for the Use of Quota after negotiation each time the quota LPR), and is used. If the annual interest rate value is determined according to the pricing benchmark, the annual interest rate value shall be calculated according to the pricing benchmark agreed in the Application for the Use of Quota Loan Prime Rate (LPR) plus (minus) points (1 basis point is 0.01 percent0.01%, and 1 percentage point is 100 basis points). 3.1.2 If . The interest rate is agreed by both parties in the Credit Use Application after negotiation every time the credit is used. Where both parties agree to apply the a fixed interest rate in the Application for Credit Use of QuotaApplication, and where the specific value is recorded in the field of fixed interest rate value fieldvalue, The the specific interest rate of each loan shall be subject to the recorded value recorded in the Fixed Interest Rate Value field of fixed interest rate value column in the Application for the Credit Use of the Quota (where the loan currency is RMBApplication, such specific value which shall be determined on the basis of the specific value of the pricing benchmark applicable on the applicable date of the pricing benchmark agreed in the Application for the Use of the Quota (hereinafter referred to as “the pricing benchmark value”) and according to the plus (minus) point value agreed in the Credit Use Application for on the Use basis of the Quotaspecific value of the Loan Prime Rate (LPR) applicable to the applicable date of the pricing benchmark agreed in the Credit Use Application (hereinafter referred to as “LPR value”). If no Where the specific value is not recorded in the Fixed Interest Rate Value fieldcolumn of fixed interest rate value, the specific interest rate of each loan shall be determined based on the applicable pricing benchmark value on the applicable date of the pricing benchmark agreed in the Application for the Use of Quota and according to the plus (minus) point value agreed in the Credit Use Application for on the basis of the LPR value applicable to the applicable date of pricing benchmark agreed in the Credit Use of QuotaApplication. If Where both parties agree to apply the floating interest rate in the Application for the Credit Use of QuotaApplication, the specific interest rate of each loan shall be is determined on the basis of the pricing benchmark LPR value applicable to the applicable date of the pricing benchmark agreed in the Application for the Credit Use of QuotaApplication, and according to the plus (minus) point value, interest rate floating rules, interest rate floating cycle, interest rate floating cycle unit and the floating start date for floating of a specific date (if necessary) agreed in the Application for the Credit Use of QuotaApplication. 3.1.3 If 3.1.2 Where the currency is RMB, the daily interest rate = monthly interest rate/30, and the monthly interest rate = annual interest rate/12; if the currency is HKDHong Kong dollar, GBP British pound and AUDAustralian dollar, the daily interest rate = annual interest rate/365; if the currency is currencies are USD, Euro, JPN JPY and other foreign currencies accepted by the loanerLender, the daily interest rate = annual interest rate/360.