Interest Settlement. Interest of the Loan hereunder shall be settled on a quarterly (monthly/quarterly) basis and the date of interest settlement shall be the 20th day of each quarter’s final month (month/quarter’s final month). The Borrower shall pay interest on each date of interest settlement. If the final principal payment date of the Loan isn’t a date of interest settlement, the outstanding interest shall be paid in full together with the principal (daily interest rate = monthly interest rate/ 30).
Interest Settlement. The borrower in this contract shall settle the interest in way (1):
(1) The interest is settled quarterly. The 20th day of the last month of each quarter is the interest settlement day, and the 21st day is the interest payment day.
(2) The interest is settled by month. The 20th day of each month is the interest settlement day, and the 21st day is the interest payment day. The borrower should pay off all the interest on the last repayment day regardless of whether that day is an interest payment day.
Interest Settlement. The interest rate shall be calculated and paid according to the fixed interest rate, and the 20th day of each month shall be the date for the settlement of interest.
Interest Settlement. (1) For a loan subject to a fixed interest rate, the interest accrued thereon shall be calculated in accordance with the agreed fixed interest rate. For a loan subject to a floating interest rate, the interest accrued thereon shall be calculated in accordance with the interest rate determined for each interest rate floating period. If the interest rate has been adjusted more than once during a single interest settlement period, the interest during each interest rate floating period shall be calculated first and the total interest accrued during such interest settlement period shall be the aggregate amount of all the interest accrued during each interest rate floating period within such interest settlement period.
(2) The interest accrued on the Loan hereunder shall be settled in accordance with (i) of the following:
(i) on a monthly basis and the interest settlement date shall be the 20th day of each month;
(ii) on a quarterly basis and the interest settlement date shall be the 20th day of the last month of the relevant quarter;
(iii) other method: .
Interest Settlement. Interest is paid monthly at the 20th of every month. Borrower should pay the interest at every interest settlement day.
Interest Settlement. Party A shall pay the interest due to Party B on the settlement day. The initial interest payment day refers to the first day when the interest is settled. When the last repayment occurs, such interest shall be paid together with the principal.
Interest Settlement. (I) For the loan with a fixed interest rate, the interest shall be calculated and settled according to the agreed interest rate. For the loan with a floating interest rate, the interest shall be calculated according to the current interest rate determined in each floating period; In case of interest rate fluctuation for multiple times in a single interest settlement period, the interest in each floating period shall be calculated first, and the interest in this interest settlement period shall be calculated by totaling the interest in each floating period at the interest settlement date.
(II) The interest of the loan under this Contract shall be settled according to the following 1st method:
1. The interest shall be settled on a monthly basis, i.e., on the 20th day of each month;
2. The interest shall be settled on a quarterly basis, i.e., on the 20th day of each quarter;
3. This column is left blank.
Interest Settlement. (1) For the loan with fixed interest rate., the interest shall be calculated at the agreed interest at the time of settling the interest; for the loan with floating interest rate, the interest is calculated at the defined interest rate of floating periods, if there are several floating interest rate during one interest settlement period, the interest of each floating period shall be calculated first. On the interest settlement date, the interest of each floating period shall be added up for settling the interest of settlement period.
(2) The interest of the loan under the Contract is settled on quarterly (monthly/quarterly) basis, the settlement date shall be 20th day of (monthly/last month of each quarter) last month of each quarter.
Article 5 Release and Payment of the Loan One. Precondition for Releasing the Loan
(1) Unless Party B wholly or partially waives, Party B will not release the loan until the preconditions set out below are satisfied:
1. Party A has, in accordance with the provisions of relevant laws, handled the approval, registration, delivery and other statutory formalities related to the loan under the Contract;
2. If the security is provided to the loan under the Contract, the security means or other guarantee means meeting the requirements of Party B have taken effect;
3. In the course of applying for the loan, the Borrower has provided the Lender all the documents and data required by the Lender, and such documents and data continue to remain effective.
4. Party A has no beaching agreed in the Contract.
5. Where Party A commission the Lender to pay the loan capital, he shall file the application for payment order and handle the relevant formalities, and shall provide the relevant transaction data and documents proving the loan purpose; if Party A pays the loan capital at his own discretion, he shall file the withdrawal application, and shall provide the relevant data and capital use plan proving the purpose of the Contract;
6. The competent authority does not restrict or prohibit the release of the loan under the Contract.
7. Party A has opened one settlement account at the Part B as capital supervision account;
8. Other preconditions agreed by the two parties for releasing the loan.
Interest Settlement. The borrower shall settle the interest in the following way (1):
(1) The quarterly settlement: the 20th of the end of each quarter as the settlement date, and the 21st is the payment date.
(2) The monthly settlement: the 20th day of each month is the settlement date, and 21th is the payment date. If the last payment date of the loan principal is not on the payment date, the last payment date of the loan principal shall be the payment date, and the borrower shall pay all the interest payable. If the financial subsidy department of the guaranteed loans for entrepreneurship refuses to accept the application for financial subsidy for guaranteed loans for entrepreneurship submitted by the Borrower or the Lender entrusted by the Borrower, or the financial subsidy department of the guaranteed loans for entrepreneurship refuses to subsidize the interest rate, or the financial subsidy department of the guaranteed loans for entrepreneurship withdraws or stops to carry out the policy of subsidizing the interest rate, or the laws, regulations and supervisory provisions of the State and/or Beijing Municipality related to the financial subsidy for guaranteed loans for entrepreneurship In the event that the Lender is unable to obtain the financial interest subsidy funds for guaranteed loans for entrepreneurship as a result of changes in the laws, regulations and supervision regulations, the Borrower shall bear the interest on the loan at the total interest rate of the Business and transfer the interest owed to the repayment account designated by the Lender before the next interest payment date.
Interest Settlement. The interest of the loan under a loan contract shall be settled on a monthly basis on the 20th day of each month. Party A shall pay the interest on each interest settlement day. Should the last day of repayment of the principal of the loan is not an interest settlement day, the outstanding interest shall be paid together with the principal (daily interest rate = monthly interest rate/30).
