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. (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.
(2) The interest shall be settled on a monthly basis for the loan hereunder and the interest settlement date shall be the 20th of every month.
Settlement of Interest. The method for settling interest of the loan hereunder shall be type No. (1)
(1) periodic settlement and lump-sum repayment of principal, namely, Party A repays the interest periodically and the principal in a lump sum upon the expiration. The period for settling interest is type No. (C)
(A) settle on a daily basis, namely, make a settlement every ___ days since the loan grant date.
(B) settle on a monthly basis, namely, make a settlement on the ___(1st to 28th ) day of each month since the loan grant date.
(C) settle on a quarterly basis, namely, make a settlement on the 21st day of the final month of each quarter.
(2) lump-sum repayment of principal plus interest, namely, Party A will make a lump-sum repayment for the principal plus interest under this contract upon the loan maturity date.
(3) equal principal installments, monthly settlement of interest, namely, the interest will be settled on the ___(1st to 28th ) day of each month since the loan grant date.
(4) equal installments of principal plus interest, monthly settlement of interest, namely, the interest will be settled on the ___(1st to 28th ) day of each month since the loan grant date.
(5) equal positive or negative increment of principal, monthly settlement of interest, namely, the interest will be settled on the ___(1st to 28th ) day of each month since the loan grant date.
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.
(2) The interest shall be settled at i as follows
i. The interest shall be settled on a monthly basis for the loan hereunder and the interest settlement date shall be the 20th of every month.
ii. The interest shall be settled on a seasonly basis for the loan hereunder and the interest settlement date shall be the 20th of every season ending month.
iii. Others: [intentionally left blank].
Settlement of Interest. (a) The interest of the loans with fixed interest rates shall be settled in line with the stipulated interest rate. The interest of the loans with floating interest rates shall be settled in pursuance of the respective interest rates confirmed in the various floating periods; in the event of multiple interest rate floats in a single interest settlement period, the interest for this whole settlement period shall be the combination of the interest under the respective floating periods on the Interest Settling Day. (b) See Article 18 hereof.
Settlement of Interest. (a) Where the loan applies fixed rate, the interest is calculated at the agreed rate. Where the loan applies floating rate, the interest is calculated at the rate as defined at each floating period. Where there are several rate changes in an individual interest settlement period, the interest rate of the interest settlement period is calculated with the interest of each floating period calculated first and interests of each floating period added together on the settling day.
(b) The interest of loans under this Contract is settled monthly and the settling day is the 20th day of each month.
Settlement of Interest. (1) The interest settlement of the loan under this contract under the non “Borrow and Repay” mode
A. This loan shall bear interest from the actual withdrawal date. The calculation formula for the interest payable by Party A under this contract is: Party A’s interest payable=actual loan balance × Actual number of days during the interest period × Annual interest rate/360 days. If the actual loan balance changes during the interest period, it shall be calculated in segments based on the actual number of days.
B. For loans that do not repay principal and interest at one time, the first interest settlement date is [December 20, 2023], and the interest settlement method is as described in paragraph [a] below:
a. Interest is settled on a monthly basis, with the settlement date being the 20th day of each month (if the loan interest rate is not consistent during the interest period, interest will be calculated in segments based on the actual number of days);
b. Quarterly interest settlement, with the interest settlement date being the 20th day of the last month of each quarter (if the loan interest rate is not consistent during the interest period, interest will be calculated in segments based on the actual number of days);
C. Other times agreed upon by the Parties: [/].
(2) The interest settlement of the loan under this contract under the “Borrow and Repay” mode
A. During the loan term, Party A shall determine the interest settlement date and payable interest for different loans based on the self repayment date of Party A.
B. When Party A repays the loan principal, the interest shall be settled along with the principal, and interest shall be calculated on a daily basis. The repayment date of the principal shall be the corresponding interest settlement date for the loan. At this time, the interest payable by Party A = the loan amount × the actual number of days during the interest-bearing period × the annual interest rate/360 days.
(3) Party A shall reserve the corresponding amount in the account opened by Party B (Account No.: [8110801013202503656]) before the end of Party B’s business on each interest settlement date. Party A hereby irrevocably authorizes Party B to deduct it directly from the account, and has the obligation to keep the funds in the account sufficient to pay the current payables before Party B finally deducts it; If Party A chooses other ways to pay interest to Party B, it shall ensure that the interest arrives on time. If the interest settlemen...
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.
(II) The interest of the loan under the Contract will be settled via the 2nd method below:
1. Interest shall be settled monthly, and the date of settlement is fixed on the 20th day of every month.
2. Interest shall be settled quarterly, and the date of settlement is fixed on the 20th day of the last month of every quarter.
3. Interest shall be settled yearly, and the date of settlement is fixed on December 20 every year.
I. Party B shall deliver the entrusted fund in full amount to Party C before the lending date specified in the Notice for Granting Entrusted Loan. The entrusted loan account under the Contract is not the saving’s account of Party B with Party C. The balance in the account is not the balance of savings of Party B with Party C, and no interest will be accrued on the balance of the account.
II. Preconditions for Granting Entrusted Loan:
(I) Party C has received the entrusted fund which is not seized, frozen or forfeited by any competent authority.
(II) The source of the entrusted fund delivered by Party B is legal and in compliance.
(III) Party C has received the Notice for Granting Entrusted Loan from Party B.
(IV) In case the loan granted under the Contract is in foreign currency, Party A has opened special account for saving foreign exchange.
(V) Neither Party A nor Party B has breached any provisions of the Contract.
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.
