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.
Appears in 2 contracts
Samples: Loan Contract (Gracell Biotechnologies Inc.), Loan Contract (Gracell Biotechnologies Inc.)
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 the last month of each quarter;
3. This column is left blank.
Appears in 1 contract
Interest Settlement. (I) For the loan loans with a fixed interest rate, the interest shall be calculated and settled according to at the agreed interest raterate at the time of interest settlement. For the loan loans with a floating interest rate, the interest shall be calculated according to the current interest rate determined in the current period of each floating period; In case of If there are multiple interest rate fluctuation for multiple times fluctuations in a single interest settlement period, the interest in each floating period shall be calculated first, and the interest in this that interest settlement period shall be calculated by totaling summing up the interest in each floating period at on the interest settlement dateexpiry date for interest.
(II) The interest of the loan under this Contract Agreement shall be settled according to in the following 1st methodmethod of item 1:
1. The interest shall be settled on a monthly basis, i.e., on and the settlement date for interest shall be fixed as the 20th day of each month;
2. The interest shall be settled on a quarterly basisquarterly, i.e., on and the expiry date for interest shall be fixed as the 20th day of the month at the end of each quarter;
3. This column is left blank.16
Appears in 1 contract
