Repayment and Interest. The term of this agreement is 5 years from July 1,2023 to June 30,2028. During the debt period, Party B may irregularly repay the principal. Party A and Party B shall issue the settlement statement upon each repayment. The annual interest rate of the loan is 5.5%, counted as 30 days per month. Party B shall settle the interest generated before December 31 each year during the repayment period. The interest shall be reduced along with the reduced principal until the completion of the repayment of principal.
Appears in 12 contracts
Samples: And Loan Agreement (Carbon Zero Technologies International Inc.), And Loan Agreement (Carbon Zero Technologies International Inc.), And Loan Agreement (Carbon Zero Technologies International Inc.)
