Common use of Settlement of Interest Clause in Contracts

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. 2.3.1 For (a) The interest of the loans carrying with fixed interest rate, the interest rates shall be settled at in line with the fixed stipulated interest rate agreedrate. For The interest of the loans with floating interest raterates 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 calculated at the combination of the interest rate determined for under the then current respective 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 dateInterest Settling Day. Exhibit 10.45 (b) See Article 18 hereof.

Settlement of Interest. 2.3.1 For (a) The interest of the loans carrying with fixed interest rate, the interest rates shall be settled at in line with the fixed stipulated interest rate agreedrate. For The interest of the loans with floating interest raterates 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 calculated at the combination of the interest rate determined for under the then current respective 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 dateInterest Settling Day. (b) See Article 18 hereof.

Settlement of Interest. 2.3.1 For (a) The interest of the loans carrying with fixed interest rate, the interest rates shall be settled at in line with the fixed stipulated Exhibit 10.41 interest rate agreedrate. For The interest of the loans with floating interest raterates 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 calculated at the combination of the interest rate determined for under the then current respective 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 dateInterest Settling Day.