Settlement of Interest. (1) If a fixed interest rate is applied to the loan, the interest shall be calculated and settled at the agreed interest rate. If a floating interest rate is applied to the loan, the interest shall be calculated at such interest rate as then determined at each floating period; if the interest rate changes several times within one interest settlement period, the interest accrued at each floating period shall be first calculated and then added up on the interest settlement date as the interest accrued within such interest settlement period.
Settlement of Interest. The interest of the loan hereunder shall be settled on quarterly basis, and the interest settlement date shall be the 20th day of the last month in each quarter. The Borrower shall pay the interest on each interest settlement date. Where the last repayment date of the principal does not fall on an interest payment date, the unpaid interest shall be settled on the principal repayment date (interest rate per day = interest rate per month/30).
Settlement of Interest. 2.3.1 For loans carrying fixed interest rate, the interest shall be settled at the fixed interest rate agreed. For loans with floating interest rate, the interest shall be calculated at the interest rate determined for the then current floating interest period. Where the floating interest period is shorter than the period of interest settlement, the interest of the floating interest periods shall be calculated first, then such interest shall be summed up on the interest settlement date.
Settlement of Interest. The method for settling interest of the loan hereunder shall be type No. (1)
Settlement of Interest. (1) The interest settlement of the loan under this contract under the non “Borrow and Repay” mode
Settlement of Interest. At each settlement the total amount of accrued interest will be calculated using the following formula: principal drawn, multiplied by the Applicable Rate, multiplied by the actual number of days in the settlement period over three hundred and sixty. Interest will be settled in respect of completed periods in arrears as counted from the date of each draw-down, and will be paid on the last day of each period, together with the repayment of each draw-down, although the final settlement may be made upon the maturity of the credit facility.
Settlement of Interest. Within the valid period of this Contract, Party B shall charge loan interest on quarterly basis, the settlement date being the last banking day at the end of each three months (one day earlier in case of a legal holiday). Party A shall repay the interest as due on the day of settlement of interest. The first day for repayment of interest shall be the first day of settlement of interest after the issuance of the loan amount.
Settlement of Interest. (I) With regard to the loan applicable to fixed interest rate, interest will be charged according to the rate agreed at the time of settlement. As for the loan applicable to floating interest rate, interest will be charged according to the rate determined in the floating period. In case interest rate fluctuates several times during one interest settlement period, the interests of all fluctuating period shall be calculated first, and then interest of such settlement period will be charged by adding the interests of all floating periods on the date of settlement.
Settlement of Interest. Settlement of interest and billing by Lender shall be quarterly, deferred, on 3/31, 6/30, 9/30, 12/31.
Settlement of Interest. Notwithstanding the provisions of this Clause 11 relating to the ability of the Borrower to defer Interest Payments, the Borrower shall pay any outstanding Arrears of Interest, in whole but not in part, on the first occurring Mandatory Settlement Date following the Interest Payment Date on which a Deferred Interest Payment first arose.
