LOAN REPAYMENT AND INTEREST. All funds disbursed hereunder, together with all interest payable thereon, shall be repaid to the Energy Commission in accordance with the terms of the Promissory Note. The Loan shall bear simple interest at the annual rate set forth in the attached Promissory Note on the principal balance of Loan funds disbursed to the Borrower. Payment of said interest shall be due at the time of semiannual scheduled Loan repayment installments to the Energy Commission, and interest shall accrue from the time of disbursal of funds to the Borrower until receipt of full Loan repayment to the Energy Commission.
LOAN REPAYMENT AND INTEREST. All Loan funds disbursed hereunder, together with all interest payable thereon, shall be repaid to Lender in accordance with the terms of the Promissory Note. The Loan shall bear simple interest at the annual rate set forth in the attached Promissory Note on the principal balance of Loan funds disbursed to the Borrower. Payment of said interest shall be due at the end of the loan term, and interest shall accrue from the time of disbursement of Loan funds to the Borrower until receipt of full Loan repayment to Lender.
LOAN REPAYMENT AND INTEREST. 1. The Contracting Parties agree on interest at the rate of 20% p.a. from the value of the loan provided by this Agreement, whereby the Lender is entitled to a proportional part (1/365) of the annual interest always upon the expiration of each calendar day of the duration of this Agreement, with the amount of the interim component of the commission being recorded in the Lender's personal account on the Intranet (hereinafter referred to as “Interest”).
LOAN REPAYMENT AND INTEREST. All Loan funds disbursed hereunder, together with all interest payable thereon, shall be repaid to Lender in accordance with the terms of the Promissory Note. The Loan shall bear simple interest at the annual rate set forth in the attached Promissory Note on the principal balance of Loan funds disbursed to the Borrower. Payment of said interest shall be due at the end of the loan term, and interest shall accrue from the time of disbursement of Loan funds to the Borrower until receipt of full Loan repayment to Lender. EFFECTIVE DATE OF AGREEMENT This Agreement shall become effective as of October 29, 2014 (the “Effective Date”). The Borrower agrees to complete performance of its obligations within the time periods required by Lender and any fully executed documents, if applicable.
