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: .
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Samples: Loan Agreement, RMB Loan Agreement (Applied Optoelectronics, Inc.), RMB Loan Agreement (Applied Optoelectronics, Inc.)
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: :_______________________.
Appears in 5 contracts
Samples: RMB Working Capital Loan Agreement (Applied Optoelectronics, Inc.), RMB Working Capital Loan Agreement (Applied Optoelectronics, Inc.), RMB Working Capital Loan Agreement (Applied Optoelectronics, Inc.)
Interest Settlement. (1) 4.8.1 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 periods within such interest settlement period.
(2) 4.8.2 The interest accrued on the Loan loans hereunder shall be settled in accordance with (i2) of the following:
(i1) on a monthly basis and the interest settlement date shall be the 20th day of each month;
(ii2) on a quarterly basis and the interest settlement date shall be the 20th day of the last month of the relevant quarter;
(iii3) other method: .[Intentionally Left Blank]
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