Common use of Interest Settlement Method Clause in Contracts

Interest Settlement Method. The Borrower shall settle the interest in accordance with the (1) method as follows: (1) The interest shall be settled on a quarterly basis. The 20th day of the last month of each quarter shall be the interest settlement date, and the 21st day shall be the interest payment date. (2) The interest shall be settled on a monthly basis, with the 20th day of each month as the interest settlement date and the 21st day as the interest payment date. If the last repayment date of the loan principal is not on the interest payment date, the last repayment date of the loan principal is the interest payment date, and the Borrower shall pay all the payable interests.

Appears in 2 contracts

Samples: Working Capital Loan Contract (Pop Culture Group Co., LTD), Loan Agreement (Pop Culture Group Co., LTD)

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Interest Settlement Method. The Borrower borrower shall settle the interest in accordance with the following manner (1) method as follows:): (1) The interest Interest shall be settled on a quarterly basis. The 20th day of the last month of each quarter shall be the interest settlement date, and the 21st day shall be the interest payment date. (2) The interest shall be settled on a monthly basisquarterly, with the 20th day of the end of each month quarter as the interest settlement date and the 21st day as the interest payment date. (2) Interest shall be settled monthly, with the 20th day of each month as the settlement date and the 21st day as the coupon payment date. If the last repayment date of the loan principal is not on the interest Coupon payment date, the last repayment date of the loan principal is the interest Coupon payment date, date and the Borrower borrower shall pay all the payable interestsinterest payable.

Appears in 1 contract

Samples: Working Capital Loan Contract (Pop Culture Group Co., LTD)

Interest Settlement Method. The Borrower shall settle the interest in accordance with the following (12) method as followsmanner: (1) The interest Interest shall be settled on a quarterly basis. The , the 20th day of the last month of each quarter shall be the interest settlement date, and the 21st day shall be the interest payment date. (2) The interest Interest shall be settled on a monthly basis, with the 20th day of each month as shall be the interest settlement date date, and the 21st day as shall be the interest payment date. If the last repayment date of the principal of loan principal is does not fall on the interest payment date, the last repayment date of the loan such principal is shall be the interest payment date, and the Borrower shall pay off all the payable interestsinterest.

Appears in 1 contract

Samples: Working Capital Loan Contract (Universal Electronics Inc)

Interest Settlement Method. The Borrower borrower shall settle the interest according to the method as set out in accordance with the subsection (1) method as followsbelow: (1) The interest shall be Interest is settled on a quarterly basis. The quarterly, with the 20th day of the last month of each quarter shall be as the interest settlement date, date and the 21st day shall be as the interest payment date. (2) The interest shall be Interest is settled on a monthly basis, with the 20th day of each month as the interest settlement date and the 21st day as the interest payment date. If the last repayment date of the loan principal is not on the interest payment date, the last repayment date of the loan principal is shall be the interest payment date, and the Borrower borrower shall pay off all the payable interestsinterest.

Appears in 1 contract

Samples: Working Capital Loan Contract (Zai Lab LTD)

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Interest Settlement Method. The Borrower shall settle the settles interest in accordance with the (1) 1st method as followsbelow: (1) The Quarterly interest shall be settled on a quarterly basis. The settlement, the 20th day of the last month of each quarter shall be is the interest settlement date, and the 21st day shall be is the date of interest payment datepayment. (2) The Monthly interest shall be settled on a monthly basissettlement, with the 20th day of each month as is the interest settlement date date, and the 21st day as is the date of interest payment datepayment. If the liquidation date of the last repayment date installment of the loan principal is does not fall on the date of interest payment datepayment, the liquidation date of the last repayment date installment of the loan principal is the date of interest payment datepayment, and the Borrower shall pay off all the payable interestsinterest payable.

Appears in 1 contract

Samples: Loan Contract for Fixed Assets (Skechers Usa Inc)

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