Common use of Interest Clause in Contracts

Interest. 5.1 Interest The Borrower will pay interest to KfW as follows: Fixed Interest Rate set upon commitment of the Loan. The Borrower will pay interest on the Loan at a rate of 0.90% per annum ("Fixed Interest Rate") until the last repayment instalment has been received in accordance with the repayment schedule set out in Article 6.1 (Repayment schedule) hereof. 5.2 Interest calculation. Interest on a disbursed Loan amount will be charged from the date (exclusively) on which the respective Loan amount is disbursed from the Loan account held with KfW for the Borrower until the date (inclusively) on which the respective repayments are credited to KfW's account specified in Article 7.3 (Account number, time of crediting) hereof. Interest will be calculated in accordance with Article 7.1 (Calculation) hereof. 5.3 Payment Dates. Interest will be due in arrears for payment on the dates specified below (each a "Payment Date"): a) prior to the due date of the first repayment instalment, on 15 May and 15 November of each year, but no earlier than on the Payment Date following the day on which this Loan Agreement enters into force and effect pursuant to Article 15.10 (Entry into force and effect) hereof; b) on the due date of the first repayment instalment pursuant to Article 6.1 c) thereafter on the due dates of the repayment instalments pursuant to Article 6.1 (Repayment schedule) hereof.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement

Interest. 5.1 Interest Interest. The Borrower will pay interest to KfW as follows: Fixed Interest Rate set upon commitment of the LoanRate. The Borrower will pay interest on the Loan at a rate of 0.900.9% per annum ("Fixed Interest Rate") until the last repayment instalment has been received in accordance with the repayment schedule set out in Article 6.1 (Repayment schedule) hereof. 5.2 Interest calculation. Interest on a disbursed Loan amount will be charged from the date (exclusively) on which the respective Loan amount is disbursed from the Loan account held with KfW for the Borrower until the date (inclusively) on which the respective repayments are credited to KfW's account specified in Article 7.3 (Account number, time of crediting) hereof. Interest will be calculated in accordance with Article 7.1 (Calculation) hereof. 5.3 Payment Dates. Interest will be due in arrears for payment on the dates specified below (each a "Payment Date"): a) prior to the due date of the first repayment instalment, on 15 May and 15 November of each year, year but no earlier than on the Payment Date following the day on which this Loan Agreement enters into force and effect pursuant to Article 15.10 (Entry into force and effect) hereof; b) on the due date of the first repayment instalment pursuant to Article 6.1 c) thereafter on the due dates of the repayment instalments pursuant to Article 6.1 (Repayment schedule) hereof.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement

Interest. 5.1 Interest The Borrower will pay interest to KfW as follows: Fixed Interest Rate set upon commitment of the LoanRate. The Borrower will pay interest on the Loan at a rate of 0.900.9% per annum ("Fixed Interest Rate") until the last repayment instalment has been received in accordance with the repayment schedule set out in Article 6.1 (Repayment schedule) hereof. 5.2 Interest calculation. Interest on a disbursed Loan amount will be charged from the date (exclusively) on which the respective Loan amount is disbursed from the Loan account held with KfW for the Borrower until the date (inclusively) on which the respective repayments are credited to KfW's account specified in Article 7.3 (Account number, time of crediting) hereof. Interest will be calculated in accordance with Article 7.1 (Calculation) hereof. 5.3 Payment Dates. Interest will be due in arrears for payment on the dates specified below (each a "Payment Date"): a) prior to the due date of the first repayment instalment, on 15 May and 15 November of each year, but no earlier than on the Payment Date following the day on which this Loan Agreement enters into force and effect pursuant to Article 15.10 (Entry into force and effect) hereof; b) on the due date of the first repayment instalment pursuant to Article 6.1 c) thereafter on the due dates of the repayment instalments pursuant to Article 6.1 (Repayment schedule) hereof.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement

Interest. 5.1 Interest The Borrower will pay interest to KfW as follows: : 5.1 Interest (Fixed Interest Rate set upon commitment of the Loan). The Borrower will pay interest on the Loan at a rate of 0.901.10 % per annum p. a. ("Fixed Interest Rate") until the last repayment instalment has been received in accordance with the repayment schedule set out in Article 6.1 (Repayment schedule) hereof. 5.2 Interest calculation. Interest on a disbursed Loan amount will be charged from the date (exclusively) on which the respective Loan amount is disbursed from the Loan account held with KfW for the Borrower until the date (inclusively) on which the respective repayments are credited to KfW's account specified in Article 7.3 (Account number, time of crediting) hereof. Interest will be calculated in accordance with Article 7.1 (Calculation) hereof. 5.3 Payment Dates. Interest will be due in arrears for payment on the dates specified below (each a "Payment Date"): a) prior to the due date of the first repayment instalment, on 15 30 May and 15 30 November of each year, but no year and not earlier than on the Payment Date following the day on which this Loan Agreement enters into force and effect pursuant to Article 15.10 (Entry into force and effect) hereof; b) on the due date of the first repayment instalment pursuant to Article 6.16.1 hereof together with such instalment; c) thereafter on the due dates of the repayment instalments pursuant to Article 6.1 (Repayment schedule) hereof.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement

Interest. 5.1 Interest The Borrower will pay interest to KfW as follows: : 5.1 Interest (Fixed Interest Rate set upon commitment of the Loan). The Borrower will pay interest on the Loan at a rate of 0.901.10% per annum p. a. ("Fixed Interest Rate") until the last repayment instalment has been received in accordance with the repayment schedule set out in Article 6.1 (Repayment schedule) hereof. 5.2 Interest calculation. Interest on a disbursed Loan amount will be charged from the date (exclusively) on which the respective Loan amount is disbursed from the Loan account held with KfW for the Borrower until the date (inclusively) on which the respective repayments are credited to KfW's XxX'x account specified in Article 7.3 (Account number, time of crediting) hereof. Interest will be calculated in accordance with Article 7.1 (Calculation) hereof. 5.3 Payment Dates. Interest will be due in arrears for payment on the dates specified below (each a "Payment Date"): a) prior to the due date of the first repayment instalment, on 15 May and 15 November of each year, for the first time on 15 November 2017 but no earlier than on the Payment Date following the day on which this Loan Agreement enters into force and effect pursuant to Article 15.10 (Entry into force and effect) hereof; b) on the due date of the first repayment instalment pursuant to Article 6.16.1 hereof together with such instalment; c) thereafter on the due dates of the repayment instalments pursuant to Article 6.1 (Repayment schedule) hereof.

Appears in 1 contract

Samples: Loan Agreement