Common use of Interest Settlement Clause in Contracts

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).

Appears in 6 contracts

Samples: Loan Contract (Asian Financial Inc), Loan Contract (Asian Financial Inc), Loan Contract (Asian Financial Inc)

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Interest Settlement. Interest of The interest on the Loan hereunder loan under this Agreement shall be settled on a quarterly Quarterly (monthlyMonthly/quarterlyQuarterly) basis and the basis. The expiry date of for interest settlement shall be the 20th day of each the last month of every quarter’s final month (month/quarter’s final month). The Borrower shall must pay the interest on each date of interest settlementthe expiry date. If the final principal payment last repayment date of the Loan isn’t a principal of the loan is not on the same day as the expiry date of interest settlementfor interest, the outstanding interest shall be paid in full together up with the principal (daily interest rate = monthly interest rate/ rate / 30).

Appears in 5 contracts

Samples: Loan Agreement (Asian Financial Inc), Loan Agreement (Asian Financial Inc), Loan Agreement (Asian Financial Inc)

Interest Settlement. Interest of The interest on the Loan loan hereunder shall be settled on a quarterly (monthly/quarterly) basis and basis, with the date of interest settlement shall be falling on the 20th day of each quarter’s final month (-end month/quarter’s final month). The Borrower shall pay up the interest on each date of every interest settlementsettlement day. If the final principal payment date last repayment day of the Loan isn’t a date of loan principal is not an interest settlementsettlement day, the outstanding interest shall be paid in full up immediately together with the principal (daily interest rate = monthly interest rate/ 30rate/30).

Appears in 4 contracts

Samples: Loan Contract (China Shenghuo Pharmaceutical Holdings Inc), Loan Contract (China Shenghuo Pharmaceutical Holdings Inc), Loan Contract (China Shenghuo Pharmaceutical Holdings Inc)

Interest Settlement. Interest The interest of loan under this contract can be settled by quarter (month or quarter); the interest settlement date is the 20th of the Loan hereunder shall be settled on a quarterly (monthly/quarterly) basis and the date of interest settlement shall be the 20th day last month of each quarter’s final month (month/quarter’s final month). The Borrower borrower shall pay the interest on each date of interest settlementsettlement day. If the final repayment date for the last time of lending principal payment date of is not the Loan isn’t a date of interest settlementsettlement day, the outstanding unpaid interest shall should be paid in full together settled with the principal repayment (daily day interest rate = monthly interest rate/ 30rate/30).

Appears in 2 contracts

Samples: Loan Agreement (Learning Quest Technologies, Inc.), Loan Agreement (Learning Quest Technologies, Inc.)

Interest Settlement. Interest of the Loan hereunder shall be settled on a quarterly monthly (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).

Appears in 2 contracts

Samples: Loan Contract (Asian Financial Inc), Loan Contract (Asian Financial Inc)

Interest Settlement. Interest The interest of the Loan hereunder shall be settled on a the quarterly (monthly/quarterly) basis and the date of interest settlement shall be on the 20th day of the last month in each quarter (quarter’s final month (month/quarter’s final month). The Borrower shall pay off the interests on the interest on each date of interest settlementsettlement day. If the final principal payment date last maturity day of the Loan isn’t a date of principal hereof is not the interest settlementsettlement day, the outstanding interest interests shall be paid in full settled together with the principal (daily interest rate = monthly interest rate/ 30rate/30).

Appears in 1 contract

Samples: Loan Agreement (General Steel Holdings Inc)

Interest Settlement. Interest of The interest on the Loan loan hereunder shall be settled on a quarterly (monthly/quarterly) basis and basis, with the date of interest settlement shall be falling on the 20th day of each quarter’s final month (-end month/quarter’s final month). The Borrower shall pay up the interest on each date of every interest settlementsettlement day. If the final principal payment date of the Loan isn’t a date of last loan repayment day is not an interest settlementsettlement day, the outstanding interest shall be paid in full up immediately together with the principal (daily interest rate = monthly interest rate/ 30rate/30).

Appears in 1 contract

Samples: Loan Agreement (China Shenghuo Pharmaceutical Holdings Inc)

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Interest Settlement. Interest of The interest for the Loan loan hereunder shall be settled on a quarterly (monthly/quarterly) basis ), and the date of interest settlement day shall be the 20th twentieth day in the last month of each quarter’s final month (month/quarter’s final month). The Borrower shall pay make payment for the interest on each date of interest settlementthe settlement day. If In case the final principal payment date repayment day for the last installment of the Loan isn’t a date principal of interest settlementthe loan is not on the settlement day of interest, then the outstanding unpaid interest shall be paid in full off together with the principal (daily interest rate = monthly interest rate/ rate / 30)) .

Appears in 1 contract

Samples: Loan Contract (China Hydroelectric Corp)

Interest Settlement. Interest of The interest on the Loan loan hereunder shall be settled on a quarterly (monthly/quarterly) basis and monthly basis, with the date of interest settlement shall be falling on the 20th day of each quarter’s final month (month/quarter’s final month). The Borrower shall pay up the interest on each date of every interest settlementsettlement day. If the final principal payment date last repayment day of the Loan isn’t a date of loan principal is not an interest settlementsettlement day, the outstanding interest shall be paid in full up immediately together with the principal (daily interest rate = monthly interest rate/ 30rate/30).

Appears in 1 contract

Samples: Loan Contract (China Shenghuo Pharmaceutical Holdings Inc)

Interest Settlement. Interest of The interest for the Loan loan hereunder shall be settled on a quarterly (monthly/quarterly) basis ), and the date of interest settlement day shall be the 20th twentieth day in the last month of each quarter’s final month (month/quarter’s final month). The Borrower shall pay make payment for the interest on each date of interest settlementthe settlement day. If In case the final principal payment date repayment day for the last installment of the Loan isn’t a date principal of interest settlementthe loan is not on the settlement day of interest, then the outstanding unpaid interest shall be paid in full off together with the principal (daily interest rate = monthly interest rate/ rate / 30).

Appears in 1 contract

Samples: Loan Contract (China Hydroelectric Corp)

Interest Settlement. Interest The interest of the Loan loan hereunder shall be settled on a quarterly (monthly/quarterly) monthly basis and the date of interest settlement shall be on the 20th day of each quarter’s final month (month/quarter’s final month). The Borrower shall pay the interest on each date interest settlement day. Should the last day of interest settlement. If the final principal payment date repayment of the Loan isn’t a date principal of the loan is not an interest settlementsettlement day, the outstanding interest shall be paid in full together with the principal (daily interest rate = monthly interest rate/ 30rate/30).

Appears in 1 contract

Samples: Loan Contract (Spansion Inc.)

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