Interest Rate, Penalty Interest and Compound Interest Sample Clauses

Interest Rate, Penalty Interest and Compound Interest. 3.1 Monthly interest rate under the Contract = annual interest rate/12 and daily interest rate = annual interest rate/360.
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Interest Rate, Penalty Interest and Compound Interest. 3.1 The contract interest rate for the next month = annual interest rate / 12, and the daily interest rate = annual interest rate / 360.
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Interest Rate, Penalty Interest and Compound Interest. 3.3.1 Loan rate (i. e. loan annualized rate)
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Related to Interest Rate, Penalty Interest and Compound Interest

  • Application Among Interest Rate Options All prepayments --------------------------------------- required pursuant to this Section 5.05 shall first be applied among the Interest Rate Options to the principal amount of the Loans subject to a Base Rate Option, then to Loans subject to Euro-Rate Option. In accordance with Section 5.06(b), the Borrower shall indemnify the Banks for any loss or expense including loss of margin incurred with respect to any such prepayments applied against Loans subject to a Euro-Rate Option on any day other than the last day of the applicable Interest Period.

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