Common use of Penalty Interest and Compound Interest Clause in Contracts

Penalty Interest and Compound Interest. (1) If the Borrower fails to use the loan for the purpose as agreed hereunder, the Lender may impose penalty interest on the misappropriated part of the loan at the misappropriation penalty interest rate which is the rate _50_% higher than loan interest rate; if the Borrower fails to make repayment in time, that is, such repayment overdues, the Lender may impose penalty interest on overdue debt at the overdue penalty interest rate which is the rate _50_% higher than loan interest rate; for such interest (including interest before and after loan maturity, misappropriation penalty and overdue penalty interest) if the Borrower fails to pay in time the Lender may impose compound interest at the rate of overdue indebt according to agreement under this Contract. Where the same loan is both overdue and not used for the purpose agreed in the contract, the penalty interest rate shall be calculated at a higher rate. (2) The penalty rate is also a fixed rate if the payment interest rate is a fixed rate; the penalty rate is also a floating rate if the payment interest rate is a floating rate by a consistent floating period with the floating period of the borrowing rate. (3) The penalty interest and compound interest are calculated in accordance with the loan interest repayment method agreed in this Contract.

Penalty Interest and Compound Interest. (1) When the loan under this contract is overdue or the loan is not used according to the purpose agreed in the contract, interest and compound interest shall be calculated in the following method A : A. If the Borrower borrower fails to repay the loan in full and on time if the loan is due (including early maturity) at a fixed interest rate, the lender has the right to charge penalty interest at the borrowing rate of this contract by 50% from the date of overdue; If the borrower fails to use the loan for the purpose as agreed hereunder, the Lender may impose penalty interest on the misappropriated part of the loan at the misappropriation penalty interest rate which is the rate _50_% higher than loan interest rate; if the Borrower fails to make repayment in time, that is, such repayment overdues, the Lender may impose penalty interest on overdue debt at the overdue penalty interest rate which is the rate _50_% higher than loan interest rate; for such interest (including interest before and after loan maturity, misappropriation penalty and overdue penalty interest) if the Borrower fails to pay in time the Lender may impose compound interest at the rate of overdue indebt according to agreement under this Contract. Where the same loan is both overdue and not used for the purpose agreed in the contract, the lender has the right to charge penalty interest at the borrowing rate of this contract by 100% from the date of misappropriation. The interest (including penalty interest) paid overdue by the borrower shall be compounded at the interest rate of this contract, and the interest shall be compounded at the penalty interest rate shall after the loan is overdue. B. If a loan with a floating interest rate expires (including early maturity) and the borrower fails to repay the loan in full and on time, the lender has the right to charge penalty interest at the current floating interest rate plus 50 % from the date of overdue; If the borrower fails to use the loan according to the purpose agreed in the contract, the lender has the right to charge penalty interest at the current floating interest rate plus 100 % from the date of misappropriation. The interest paid at the time of the loan (comprehensive payment) will be calculated at a higher based on the combined interest rate. (2) The penalty rate is also a fixed rate if , and the payment interest rate is a fixed rate; the penalty rate is also a floating rate if the payment interest rate is a floating rate by a consistent floating period with the floating period of the borrowing rate. (3) The penalty interest and compound interest are calculated in accordance with after the loan interest repayment method agreed in this Contractperiod will be calculated.

Penalty Interest and Compound Interest. (1) If the Borrower loan under this contract is overdue or not used according to the purpose agreed herein, the penalty interest shall be adopted Interest and compound interest shall be calculated in Method A as follows: A. If the borrower fails to repay the loan on time when the loan with fixed interest rate is due (including early maturity), the lender has the right to collect penalty interest by adding 50% to the loan interest rate hereunder from the overdue date;If the borrower fails to use the loan for the purpose as agreed hereunder, the Lender may impose penalty interest on the misappropriated part of the loan at the misappropriation penalty interest rate which is the rate _50_% higher than loan interest rate; if the Borrower fails to make repayment in time, that is, such repayment overdues, the Lender may impose penalty interest on overdue debt at the overdue penalty interest rate which is the rate _50_% higher than loan interest rate; for such interest (including interest before and after loan maturity, misappropriation penalty and overdue penalty interest) if the Borrower fails to pay in time the Lender may impose compound interest at the rate of overdue indebt according to agreement under this Contract. Where the same loan is both overdue and not used for the purpose agreed in the contract, the Lender has the right to embezzle the loan from itself The penalty interest of 100 % shall be charged on the basis of the loan interest rate hereof from the date of this contract. The overdue interest (including the penalty interest) paid by the Borrower shall be compounded at the rate of this contract If the payment is overdue, compound interest will be charged at the penalty interest rate. B. If the borrower fails to repay the loan on time when the loan with floating interest rate is due (including early maturity), the lender has the right to collect the penalty interest at the current floating interest rate from the overdue date.Where the borrower fails to use the loan according to the purposes agreed in the contract, the lender shall have the right to embezzle the loan from itself The penalty interest shall be calculated and charged at the floating interest rate of the current period. / %. Interest (including penalty interest) paid late by the Borrower is compounded at the rate of this Contract, If the loan is overdue, the penalty interest rate shall will be calculated at a higher rateand compounded. (2) The penalty rate is also a fixed rate if the payment interest rate is a fixed rate; the penalty rate is also a floating rate if the payment interest rate is a floating rate by a consistent floating period with the floating period of the borrowing rate. (3) The penalty interest and compound interest are calculated in accordance with the loan interest repayment method agreed in this Contract.

Penalty Interest and Compound Interest. (1) If the Borrower fails to use the loan for the purpose as agreed hereunder, the Lender may impose penalty interest on the misappropriated part of the loan at the misappropriation penalty interest rate which is the rate _50_% _% higher than loan interest rate; if the Borrower fails to make repayment in time, that is, such repayment overdues, the Lender may impose penalty interest on overdue debt at the overdue penalty interest rate which is the rate _50_% _% higher than loan interest rate; for such interest (including interest before and after loan maturity, misappropriation penalty and overdue penalty interest) if the Borrower fails to pay in time the Lender may impose compound interest at the rate of overdue indebt according to agreement under this Contract. Where the same loan is both overdue and not used for the purpose agreed in the contract, the penalty interest rate shall be calculated at a higher rate. (2) The penalty rate is also a fixed rate if the payment interest rate is a fixed rate; the penalty rate is also a floating rate if the payment interest rate is a floating rate by a consistent floating period with the floating period of the borrowing rate. (3) The penalty interest and compound interest are calculated in accordance with the loan interest repayment method agreed in this Contract.

Penalty Interest and Compound Interest. (1) When the loan under this contract is overdue or the loan is not used according to the purpose agreed in the contract, interest and compound interest shall be calculated in the following method A : A. If the Borrower borrower fails to repay the loan in full and on time if the loan is due (including early maturity) at a fixed interest rate, the lender has the right to charge penalty interest at the borrowing rate of this contract by 50% from the date of overdue; If the borrower fails to use the loan for the purpose as agreed hereunder, the Lender may impose penalty interest on the misappropriated part of the loan at the misappropriation penalty interest rate which is the rate _50_% higher than loan interest rate; if the Borrower fails to make repayment in time, that is, such repayment overdues, the Lender may impose penalty interest on overdue debt at the overdue penalty interest rate which is the rate _50_% higher than loan interest rate; for such interest (including interest before and after loan maturity, misappropriation penalty and overdue penalty interest) if the Borrower fails to pay in time the Lender may impose compound interest at the rate of overdue indebt according to agreement under this Contract. Where the same loan is both overdue and not used for the purpose agreed in the contract, the lender has the right to charge penalty interest at the borrowing rate of this contract by 100% from the date of misappropriation. The interest (including penalty interest) paid overdue by the borrower shall be compounded at the interest rate of this contract, and the interest shall be compounded at the penalty interest rate shall after the loan is overdue. B. If a loan with a floating interest rate expires (including early maturity) and the borrower fails to repay the loan in full and on time, the lender has the right to charge penalty interest at the current floating interest rate plus 50% from the date of overdue; If the borrower fails to use the loan according to the purpose agreed in the contract, the lender has the right to charge penalty interest at the current floating interest rate plus 100% from the date of misappropriation. The interest paid at the time of the loan (comprehensive payment) will be calculated at a higher based on the combined interest rate. (2) The penalty rate is also a fixed rate if , and the payment interest rate is a fixed rate; the penalty rate is also a floating rate if the payment interest rate is a floating rate by a consistent floating period with the floating period of the borrowing rate. (3) The penalty interest and compound interest are calculated in accordance with after the loan interest repayment method agreed in this Contractperiod will be calculated.