INTEREST. 7.1. The Borrower shall pay to the Lender an Interest at the rate specified in the Special Conditions. 7.2. The Interest shall be calculated daily on the outstanding Loan Amount and on the basis of 30-day month and 360-day year, as of the date the Loan Amount is disbursed until full repayment of the Loan Amount or until the full outstanding Loan Amount becomes due and payable due to a valid cancellation of or withdrawal from the Loan Agreement, whichever occasion arrives the earliest. 7.3. The Interest shall be included in the Monthly Repayment Amount indicated in the Special Conditions and shall be paid to the Lender once a month on the due date of Monthly Repayments set forth in the Special Conditions.
Appears in 7 contracts
Samples: Loan Agreement, Loan Agreement, Loan Agreement
