Borrowing Rate. The Borrowing rate as defined in Claus 1.5 in the Agreement shall be 0% per annum on purchases credited to the Card Account and repaid by you by within 90 days from the date of the purchase. Once this campaign offer lapses, the borrowing rate will apply as stated in the Agreement.
Borrowing Rate annual interest rate expressed as a fixed percentage applied to the outstanding sum of the Credit.
Borrowing Rate. Subject to provisions of Section 2.2(d) hereof, the unpaid principal balance of the Amended and Restated Working Capital Line of Credit Note outstanding from time to time commencing on the date hereof shall bear interest (hereinafter referred to as the "Borrowing Rate," as the same may change from time to time) at the Prime Rate plus 2.50% per annum for as long as the ratio of the Borrower's Funded Debt to EBITDA is 4.0xx or greater, based on a rolling four quarter average (for any four consecutive quarters) and commencing on December 30, 2001, for the second Fiscal Quarter of 2002. The Bank agrees that the Borrowing Rate shall be reduced (i) to the Prime Rate plus 2% per annum if the ratio of the Borrower's Funded Debt to EBITDA is between 3.0xx and 3.9xx, and (ii) to the Prime Rate plus 1% per annum if the ratio of the Borrower's Funded Debt to EBITDA is below 3.0xx, in either event based on a rolling four quarter average (for any four consecutive quarters) and commencing on December 30, 2001, for the second Fiscal Quarter of 2002.
Borrowing Rate. The Borrowing Rate is a rate equal to one and a half percent (1.5%) per month of the unpaid principal balance. A portion of the interest collected may be allocated to fees and expenses of the Lender in servicing the debt described herein.
Borrowing Rate. “Borrowing Rate” means, with respect to the first sixty (60) months that the Loan is in effect (“Fixed Rate Period”), a fixed rate of interest per annum equal to six percent (6.0%), thereafter automatically converting to a floating rate of interest per annum equal to the higher of: (a) six percent (6.0%); or (b) the “Prime Rate” defined herein plus two and three-quarters percent (2.75%). Following the conversion of the Borrowing Rate to a floating rate per annum, the Borrowing Rate shall be adjusted no more frequently than quarterly. The Borrowing Rate shall be calculated on the basis of an assumed 360-day year for the actual number of days elapsed, in accordance with Bank’s customary practice.
Borrowing Rate. The loan interest rate under this contract shall be calculated by simple interest method, which shall be determined in the following way. Floating interest rate. The interest rate of each loan under this contract shall be determined by the latest one-year LPR published on the natural day one day prior to the loan issuance date plus 261.000000 basis points. The specific interest rate shall be subject to the electronic data and vouchers generated by the debit note, the online bank and other electronic banks. During the term of the loan, the interest rate on each loan shall be adjusted accordingly in the following manner without further notice by the Lender to the borrower. If there is no corresponding date in the current adjustment month, the last day of the current month shall be the adjustment day. From the adjustment date, the LPR of the term variety selected in this article in the latest period published on the natural day before the adjustment date shall be the new pricing basis, and the plus (minus) basis point shall remain unchanged.
Borrowing Rate. (1) The loan hereunder shall be subject to the first rate of interest as follows: Fixed interest rate, the annual interest rate is 4.55%. This interest rate is formed by adding (optional plus or minus)50 basis points as recently announced by the People's Bank of China (or its authorized unit) on the signing date of the loan contract (1 basis point =0.01%) and the interest rate remains unchanged during the term of the loan.
Borrowing Rate. The borrowing rate under the Contract is the annual interest rate, namely 7.5%/year.
Borrowing Rate
