{"component": "clause", "props": {"groups": [{"samples": [{"hash": "kw9kRWxvBy9", "uri": "/contracts/kw9kRWxvBy9#interest-rate-and-interest", "label": "Working Capital Loan Contract (Las Vegas Resorts Corp)", "score": 19.0, "published": true}, {"hash": "jyqaZAOWeyX", "uri": "/contracts/jyqaZAOWeyX#interest-rate-and-interest", "label": "Working Capital Loan Contract (Las Vegas Resorts Corp)", "score": 19.0, "published": true}, {"hash": "h2Pjz8yLZqd", "uri": "/contracts/h2Pjz8yLZqd#interest-rate-and-interest", "label": "Working Capital Loan Contract (Las Vegas Resorts Corp)", "score": 19.0, "published": true}], "snippet_links": [{"key": "interest-of-the-loan", "type": "clause", "offset": [4, 24]}, {"key": "drawdown-date", "type": "definition", "offset": [54, 67]}, {"key": "day-of", "type": "clause", "offset": [97, 103]}, {"key": "on-maturity-date", "type": "clause", "offset": [138, 154]}, {"key": "rate-of", "type": "clause", "offset": [195, 202]}, {"key": "under-this-contract", "type": "clause", "offset": [212, 231]}, {"key": "fixed-rate", "type": "definition", "offset": [235, 245]}, {"key": "per-annum", "type": "clause", "offset": [246, 255]}, {"key": "valid-period", "type": "definition", "offset": [305, 317]}, {"key": "the-people", "type": "definition", "offset": [326, 336]}, {"key": "bank-of-china", "type": "definition", "offset": [339, 352]}, {"key": "lending-rate", "type": "definition", "offset": [365, 377]}, {"key": "term-of-the-loan", "type": "clause", "offset": [389, 405]}, {"key": "applicable-to", "type": "clause", "offset": [429, 442]}, {"key": "party-b", "type": "definition", "offset": [453, 460]}, {"key": "interest-on-the-loan", "type": "clause", "offset": [486, 506]}, {"key": "the-method", "type": "definition", "offset": [535, 545]}, {"key": "the-adjustment", "type": "clause", "offset": [552, 566]}, {"key": "informing-party", "type": "definition", "offset": [575, 590]}], "snippet": "4.1 Interest of the Loan is calculated daily from the drawdown date and paid monthly on the 20th day of each month. Principal is paid off on maturity date with all due interest.\n4.2 The interest rate of the Loan under this Contract is fixed rate per annum of 5.58%, which shall not be adjusted during the valid period.\n4.3 If the People\u2019s Bank of China adjusts the lending rate during the term of the Loan and such adjustment is applicable to the Loan, Party B is entitled to calculate interest on the Loan at the interest rate and in the method after the adjustment without informing Party A.", "size": 9, "hash": "fe42d8923b05c4102b9cc2d0f20ff119", "id": 1}, {"samples": [{"hash": "icAXvIsdpLK", "uri": "/contracts/icAXvIsdpLK#interest-rate-and-interest", "label": "Revolving Loan Agreement", "score": 29.3408622742, "published": true}, {"hash": "7qHEEwEdteI", "uri": "/contracts/7qHEEwEdteI#interest-rate-and-interest", "label": "Online Revolving Loan Contract (TDH Holdings, Inc.)", "score": 26.6605072021, "published": true}, {"hash": "7o48RvapKY6", "uri": "/contracts/7o48RvapKY6#interest-rate-and-interest", "label": "Online Revolving Loan Contract (TDH Holdings, Inc.)", "score": 26.6084880829, "published": true}], "snippet_links": [{"key": "borrowing-rate", "type": "clause", "offset": [11, 25]}, {"key": "floating-interest-rate", "type": "definition", "offset": [43, 65]}, {"key": "the-rules", "type": "clause", "offset": [67, 76]}, {"key": "interest-rate-adjustment", "type": "clause", "offset": [81, 105]}, {"key": "according-to", "type": "definition", "offset": [165, 177]}, {"key": "the-original", "type": "clause", "offset": [178, 190]}, {"key": "expiry-date", "type": "definition", "offset": [207, 218]}, {"key": "day-of", "type": "clause", "offset": [244, 250]}, {"key": "calendar-month", "type": "definition", "offset": [257, 271]}, {"key": "interest-on", "type": "definition", "offset": [279, 290]}, {"key": "monthly-basis", "type": "definition", "offset": [315, 328]}, {"key": "quarterly-basis", "type": "clause", "offset": [405, 420]}, {"key": "first-interest-period", "type": "clause", "offset": [507, 528]}, {"key": "withdrawal-date", "type": "definition", "offset": [563, 578]}, {"key": "last-interest-period", "type": "definition", "offset": [624, 644]}, {"key": "final-repayment-date", "type": "definition", "offset": [717, 737]}, {"key": "interest-periods", "type": "definition", "offset": [752, 768]}, {"key": "interest-of-the-loan", "type": "clause", "offset": [879, 899]}, {"key": "daily-interest-rate", "type": "clause", "offset": [928, 947]}, {"key": "actual-days", "type": "definition", "offset": [950, 961]}, {"key": "to-repay", "type": "clause", "offset": [971, 979]}, {"key": "average-principal", "type": "definition", "offset": [980, 997]}, {"key": "number-of", "type": "clause", "offset": [1178, 1187]}, {"key": "in-case-of", "type": "clause", "offset": [1270, 1280]}, {"key": "adjustment-of", "type": "clause", "offset": [1281, 1294]}, {"key": "the-people", "type": "definition", "offset": [1307, 1317]}, {"key": "bank-of-china", "type": "definition", "offset": [1320, 1333]}, {"key": "loan-interest-rate", "type": "definition", "offset": [1354, 1372]}, {"key": "the-lender", "type": "clause", "offset": [1460, 1470]}, {"key": "notice-to-the-borrower", "type": "clause", "offset": [1498, 1520]}, {"key": "this-contract", "type": "definition", "offset": [1539, 1552]}, {"key": "executed-by", "type": "clause", "offset": [1601, 1612]}, {"key": "relevant-loan", "type": "definition", "offset": [1658, 1671]}, {"key": "rate-published", "type": "clause", "offset": [1691, 1705]}, {"key": "prime-rate", "type": "definition", "offset": [1748, 1758]}, {"key": "national-policy", "type": "clause", "offset": [2049, 2064]}, {"key": "changes-in", "type": "clause", "offset": [2095, 2105]}, {"key": "loan-guarantee", "type": "clause", "offset": [2106, 2120]}], "snippet": "1.1 If the borrowing rate hereunder adopts floating interest rate, the rules for interest rate adjustment after the borrowing becomes overdue will still be executed according to the original method.\n1.2 The expiry date for interest is the 20th day of every calendar month if the interest on borrowing is settled on monthly basis; and the 20th day of the last calender month of every quarter if settled on quarterly basis; and on June 20 and December 20 every year if settled on semi-annually basis.\n1.3 The first interest period starts from the Borrower\u2019s actual withdrawal date till the first expiry date for interest; the last interest period starts from the next day after end of previous interest period till the final repayment date; and the rest interest periods start from the next day after the end of previous interest period till the next expiry date for interest.\n1.4 Interest of the loan = the borrowing principal * daily interest rate * actual days used. If to repay average principal plus interest, the calculating formula is as follows: Total principal plus interest per period = the borrowing principal * interest rate per period * (1+ interest rate per period) number of repaying period / (1+ interest rate per period) number of repaying period - 1\n1.5 In case of adjustment of measures by the People\u2019s Bank of China for determining the loan interest rate, then relevant regulations of the People\u2019s Bank of China shall apply for handling, and the Lender will not serve any further notice to the Borrower.\n1.6 When signing this Contract, if it is determined that the borrowing rate is executed by floating a certain percentage downwards from relevant loan benchmark interest rate published by the People\u2019s Bank of China or the Loan Prime Rate (LPR) published by National Interbank Funding Center, the Lender is entitled to conduct reassessment every year on the preferential interest rate offered to the Borrower, voluntarily decide to cancel, in whole or in part, the preferential interest rate offered to the Borrower according to national policy, Borrower\u2019s credit status and changes in loan guarantee etc., and inform the Borrower timely.", "size": 8, "hash": "b83c5e5501e0df335fd7fd227d0e53a0", "id": 2}, {"samples": [{"hash": "74POAscviN4", "uri": "/contracts/74POAscviN4#interest-rate-and-interest", "label": "Loan Agreement (Cn Energy Group. Inc.)", "score": 31.1232032776, "published": true}, {"hash": "7DWXVNOwUkd", "uri": "/contracts/7DWXVNOwUkd#interest-rate-and-interest", "label": "Loan Agreement (Cn Energy Group. Inc.)", "score": 30.6906223297, "published": true}, {"hash": "ABlkBY1QmQ", "uri": "/contracts/ABlkBY1QmQ#interest-rate-and-interest", "label": "Loan Agreement (Cn Energy Group, Inc.)", "score": 29.8993835449, "published": true}], "snippet_links": [{"key": "the-interest-rate", "type": "clause", "offset": [4, 21]}, {"key": "benchmark-interest-rate", "type": "definition", "offset": [43, 66]}, {"key": "overdue-interest-rate", "type": "clause", "offset": [96, 117]}, {"key": "the-settlement-date", "type": "clause", "offset": [198, 217]}, {"key": "first-interest-period", "type": "clause", "offset": [451, 472]}, {"key": "first-settlement-date", "type": "definition", "offset": [506, 527]}, {"key": "last-interest-period", "type": "definition", "offset": [533, 553]}, {"key": "date-of", "type": "clause", "offset": [573, 580]}, {"key": "repayment-date", "type": "definition", "offset": [608, 622]}, {"key": "interest-periods", "type": "definition", "offset": [633, 649]}, {"key": "loan-interest", "type": "definition", "offset": [731, 744]}, {"key": "loan-principal", "type": "clause", "offset": [747, 761]}, {"key": "daily-interest-rate", "type": "clause", "offset": [764, 783]}, {"key": "actual-days", "type": "definition", "offset": [786, 797]}, {"key": "repayment-method", "type": "clause", "offset": [838, 854]}, {"key": "calculation-formula", "type": "clause", "offset": [871, 890]}, {"key": "financing-principal", "type": "definition", "offset": [985, 1004]}, {"key": "repayment-period", "type": "clause", "offset": [1037, 1053]}, {"key": "new-interest-rate", "type": "definition", "offset": [1109, 1126]}, {"key": "in-case", "type": "clause", "offset": [1144, 1151]}, {"key": "the-people", "type": "definition", "offset": [1152, 1162]}, {"key": "bank-of-china", "type": "definition", "offset": [1165, 1178]}, {"key": "determination-method", "type": "definition", "offset": [1201, 1221]}, {"key": "the-lender", "type": "clause", "offset": [1249, 1259]}, {"key": "the-borrower", "type": "clause", "offset": [1287, 1299]}, {"key": "signing-date", "type": "definition", "offset": [1333, 1345]}, {"key": "right-to-cancel", "type": "definition", "offset": [1393, 1408]}, {"key": "the-evaluation", "type": "clause", "offset": [1439, 1453]}, {"key": "policy-change", "type": "clause", "offset": [1457, 1470]}, {"key": "credit-status", "type": "definition", "offset": [1472, 1485]}, {"key": "in-time", "type": "definition", "offset": [1516, 1523]}], "snippet": "1.1 The interest rate is determined by the benchmark interest rate plus the floating range, the overdue interest rate shall be determined by the same manner.\n1.2 If the interest is settled monthly, the settlement date shall be 20th of each month, if the interest is settled quarterly, the settlement date shall be 20th of the third month, if the interest is settled semi-annually, and the settlement date shall be June 20th and December 20th.\n1.3 The first interest period is from the withdraw date to the first settlement date; the last interest period is from the second date of previous settlement to the repayment date. The rest interest periods are from the second date of previous settlement to the next settlement date.\n1.4 Loan interest = loan principal \u00d7 daily interest rate \u00d7 actual days of use. If equal principal and interest repayment method is adopted, the calculation formula of principal and interest shall be as follows: Total principal and interest of each period = (financing principal \u00d7 period interest rate \u00d7 period repayment period)/ ((period interest rate) repayment period -1)\n1.5 The new interest rate shall be adopted in case the People's Bank of China decides to adjust the determination method for the interest rate, and the lender is not obligated to notify the borrower.\n1.6 If the interest rate on the signing date is lower than the LPR rate, the lender has the right to cancel the interest preference based the evaluation of policy change, credit status, etc. and notify the borrower in time every year.", "size": 7, "hash": "e397d3951005867fe7379f2211dff6bc", "id": 3}, {"samples": [{"hash": "6NAbt7q7mmb", "uri": "/contracts/6NAbt7q7mmb#interest-rate-and-interest", "label": "Fixed Assets Loan Contract (Bona Film Group LTD)", "score": 19.8761119843, "published": true}], "snippet_links": [{"key": "in-respect-of", "type": "definition", "offset": [4, 17]}, {"key": "foreign-currency-loan", "type": "definition", "offset": [20, 41]}, {"key": "lending-rate", "type": "definition", "offset": [72, 84]}, {"key": "currency-of", "type": "definition", "offset": [93, 104]}, {"key": "screen-page", "type": "definition", "offset": [145, 156]}, {"key": "london-time", "type": "clause", "offset": [167, 178]}, {"key": "information-terminal", "type": "definition", "offset": [205, 225]}, {"key": "business-days", "type": "clause", "offset": [238, 251]}, {"key": "drawdown-date", "type": "definition", "offset": [263, 276]}, {"key": "rate-adjustment-date", "type": "definition", "offset": [289, 309]}, {"key": "hk-dollars", "type": "definition", "offset": [361, 371]}, {"key": "interest-of-the-loan", "type": "clause", "offset": [565, 585]}, {"key": "monthly-basis", "type": "definition", "offset": [599, 612]}, {"key": "day-of", "type": "clause", "offset": [623, 629]}, {"key": "interest-payment-day", "type": "definition", "offset": [654, 674]}, {"key": "on-a-quarterly-basis", "type": "definition", "offset": [712, 732]}, {"key": "last-month", "type": "definition", "offset": [754, 764]}, {"key": "annual-basis", "type": "definition", "offset": [866, 878]}, {"key": "each-year", "type": "definition", "offset": [911, 920]}, {"key": "payment-days", "type": "clause", "offset": [943, 955]}, {"key": "shall-begin", "type": "definition", "offset": [987, 998]}, {"key": "date-of", "type": "clause", "offset": [1008, 1015]}, {"key": "by-the-borrower", "type": "clause", "offset": [1032, 1047]}, {"key": "last-interest-period", "type": "definition", "offset": [1098, 1118]}, {"key": "the-day", "type": "definition", "offset": [1139, 1146]}, {"key": "following-the", "type": "definition", "offset": [1159, 1172]}, {"key": "repayment-date", "type": "definition", "offset": [1233, 1247]}, {"key": "interest-periods", "type": "definition", "offset": [1263, 1279]}, {"key": "interest-payment-date", "type": "definition", "offset": [1396, 1417]}, {"key": "floating-rate", "type": "clause", "offset": [1462, 1475]}, {"key": "the-rate", "type": "definition", "offset": [1477, 1485]}, {"key": "adjustment-rules", "type": "clause", "offset": [1486, 1502]}, {"key": "loan-payment-default", "type": "definition", "offset": [1585, 1605]}, {"key": "the-people", "type": "definition", "offset": [1614, 1624]}, {"key": "bank-of-china", "type": "definition", "offset": [1627, 1640]}, {"key": "interest-rate-determination-methods", "type": "clause", "offset": [1654, 1689]}, {"key": "requirements-of-the", "type": "clause", "offset": [1757, 1776]}, {"key": "notice-to-the-borrower", "type": "clause", "offset": [1843, 1865]}], "snippet": "1.1 In respect of a foreign currency loan, LIBOR shall be the interbank lending rate for the currency of the loan hereunder shown on the \u201cLIBO=\u201d screen page (11:00 am London Time) on the REUTERS financial information terminal two banking business days before the drawdown date or the base rate adjustment date; and HIBOR shall be the interbank lending rate for HK dollars shown on the \u201cHIBO=\u201d screen page (11:15am HK Time) on the REUTERS financial information terminal two banking business days before the drawdown date or the base rate adjustment date.\n1.2 If the interest of the loan is paid on a monthly basis, the 20th day of each month shall be the interest payment day; if the interest of the loan is paid on a quarterly basis, the 20th day of the last month of each quarter shall be the interest payment day; and if the interest of the loan is paid on a semi-annual basis, June 20th and December 20th of each year shall be the interest payment days.\n1.3 The first interest period shall begin from the date of actual drawdown by the Borrower and end as of the first interest payment day; the last interest period shall begin as from the day immediately following the end of the preceding interest period and end as of the last repayment date; and the other interest periods shall each begin from the day immediately following the end of the preceding interest period and end as of the next interest payment date.\n1.4 If the loan hereunder is extended at a floating rate, the rate adjustment rules shall be implemented in the manner as originally contemplated irrespective of any loan payment default.\n1.5 If the People\u2019s Bank of China adjusts loan interest rate determination methods and if such adjusted methods apply to the loan hereunder, relevant requirements of the People\u2019s Bank of China shall then be observed without any further notice to the Borrower.", "size": 6, "hash": "d827a9d35632c6351e6215a6633da5f8", "id": 4}, {"samples": [{"hash": "kFJ9LG0dk3J", "uri": "/contracts/kFJ9LG0dk3J#interest-rate-and-interest", "label": "Loan Agreement (Las Vegas Resorts Corp)", "score": 19.0, "published": true}, {"hash": "fM0EovvHMgN", "uri": "/contracts/fM0EovvHMgN#interest-rate-and-interest", "label": "Loan Agreement (Las Vegas Resorts Corp)", "score": 19.0, "published": true}, {"hash": "9QvoG3Eop84", "uri": "/contracts/9QvoG3Eop84#interest-rate-and-interest", "label": "Loan Agreement (Las Vegas Resorts Corp)", "score": 19.0, "published": true}], "snippet_links": [{"key": "interest-of-the-loan", "type": "clause", "offset": [19, 39]}, {"key": "rate-of", "type": "clause", "offset": [61, 68]}, {"key": "per-annum", "type": "clause", "offset": [76, 85]}, {"key": "the-interest-rate", "type": "clause", "offset": [87, 104]}, {"key": "loan-shall", "type": "definition", "offset": [112, 122]}, {"key": "certificate-of-indebtedness", "type": "clause", "offset": [170, 197]}, {"key": "the-purpose-of-the-loan", "type": "clause", "offset": [218, 241]}, {"key": "party-a", "type": "clause", "offset": [243, 250]}, {"key": "to-charge", "type": "clause", "offset": [263, 272]}, {"key": "interest-on-the", "type": "clause", "offset": [273, 288]}, {"key": "loan-interest-rate", "type": "definition", "offset": [363, 381]}, {"key": "based-on", "type": "definition", "offset": [382, 390]}, {"key": "fails-to-repay", "type": "clause", "offset": [416, 430]}, {"key": "due-date", "type": "clause", "offset": [451, 459]}, {"key": "amount-in-default", "type": "definition", "offset": [507, 524]}, {"key": "the-people", "type": "definition", "offset": [753, 763]}, {"key": "bank-of-china", "type": "definition", "offset": [766, 779]}, {"key": "lending-rate", "type": "definition", "offset": [792, 804]}, {"key": "term-of-the-loan", "type": "clause", "offset": [816, 832]}, {"key": "in-accordance-with", "type": "definition", "offset": [879, 897]}, {"key": "provisions-relating-to", "type": "clause", "offset": [902, 924]}, {"key": "calculation-of-interest", "type": "clause", "offset": [942, 965]}, {"key": "date-of", "type": "clause", "offset": [1007, 1014]}, {"key": "basis-of", "type": "clause", "offset": [1031, 1039]}, {"key": "actual-amount", "type": "definition", "offset": [1044, 1057]}, {"key": "actual-days", "type": "definition", "offset": [1074, 1085]}, {"key": "once-a-month", "type": "clause", "offset": [1118, 1130]}, {"key": "day-of", "type": "clause", "offset": [1143, 1149]}, {"key": "payment-of-interest", "type": "definition", "offset": [1166, 1185]}, {"key": "party-b-shall", "type": "clause", "offset": [1187, 1200]}, {"key": "interest-on-each", "type": "clause", "offset": [1209, 1225]}, {"key": "interest-calculation-date", "type": "definition", "offset": [1226, 1251]}, {"key": "deposit-account", "type": "definition", "offset": [1309, 1324]}, {"key": "fails-to-pay", "type": "clause", "offset": [1337, 1349]}, {"key": "compound-interest", "type": "definition", "offset": [1417, 1434]}, {"key": "interest-in-default", "type": "definition", "offset": [1442, 1461]}], "snippet": "5.1 Interest rate: Interest of the Loan is calculated at the rate of 5.22 % per annum. The interest rate of the Loan shall be finally confirmed by the rate stated on the certificate of indebtedness. If Party B changes the purpose of the Loan, Party A is entitled to charge interest on the misused portion of the Loan at the rate equaling to 2 times of the normal Loan interest rate based on misused days. If Party B fails to repay the Loan before the due date, Party A is entitled to charge interest on the amount in default at the rate equaling to 1.5 times of the normal Loan interest rate. If both events above-mentioned occur simultaneously, Party B should impose penalty based on the breach which is more severe instead of based on both events. If the People\u2019s Bank of China changes the lending rate during the term of the Loan, the interest of the Loan shall be calculated in accordance with the provisions relating to such change.\n5.2 Calculation of interest: Interest shall accrue from the drawdown date of the Loan on the basis of the actual amount granted and the actual days elapsed and shall be calculated once a month at the 20th day of each month.\n5.3 Payment of interest: Party B shall pay the interest on each interest calculation date. Party A may deduct the interest directly from Party B\u2019s deposit account. If Party B fails to pay the interest by the time prescribed, Party A is entitled to charge compound interest on the interest in default.", "size": 5, "hash": "0b53c7a572e35c9d163483317e68f89e", "id": 5}, {"samples": [{"hash": "ddo7ZekCEZ8", "uri": "/contracts/ddo7ZekCEZ8#interest-rate-and-interest", "label": "Loan Contract for Small Business (UTime LTD)", "score": 32.598903656, "published": true}, {"hash": "bwfkUYsEFxf", "uri": "/contracts/bwfkUYsEFxf#interest-rate-and-interest", "label": "Loan Contract (UTime LTD)", "score": 32.598903656, "published": true}], "snippet_links": [{"key": "loan-currency", "type": "clause", "offset": [14, 27]}, {"key": "foreign-currency", "type": "clause", "offset": [33, 49]}, {"key": "term-interest-rate", "type": "definition", "offset": [66, 84]}, {"key": "interest-rate-basis", "type": "definition", "offset": [107, 126]}, {"key": "pricing-benchmark", "type": "definition", "offset": [143, 160]}, {"key": "interest-rate-determination-date", "type": "definition", "offset": [168, 200]}, {"key": "prior-to-the", "type": "clause", "offset": [231, 243]}, {"key": "in-the-event", "type": "clause", "offset": [277, 289]}, {"key": "page-of", "type": "clause", "offset": [448, 455]}, {"key": "bloomberg-financial", "type": "definition", "offset": [485, 504]}, {"key": "in-case", "type": "clause", "offset": [525, 532]}, {"key": "executed-at", "type": "definition", "offset": [597, 608]}, {"key": "business-days-of", "type": "clause", "offset": [652, 668]}, {"key": "applicable-term", "type": "clause", "offset": [725, 740]}, {"key": "interest-rates", "type": "definition", "offset": [741, 755]}, {"key": "the-value", "type": "clause", "offset": [757, 766]}, {"key": "sofr-term-rate", "type": "definition", "offset": [882, 896]}, {"key": "issued-by", "type": "clause", "offset": [945, 954]}, {"key": "alternative-reference-rate", "type": "definition", "offset": [1014, 1040]}, {"key": "the-\u2587", "type": "clause", "offset": [1059, 1064]}, {"key": "change-in", "type": "clause", "offset": [1165, 1174]}, {"key": "based-on", "type": "definition", "offset": [1214, 1222]}, {"key": "market-rules", "type": "clause", "offset": [1227, 1239]}, {"key": "in-force", "type": "definition", "offset": [1240, 1248]}, {"key": "at-the-time", "type": "clause", "offset": [1249, 1260]}, {"key": "the-lender", "type": "clause", "offset": [1269, 1279]}, {"key": "supplementary-agreement", "type": "definition", "offset": [1316, 1339]}, {"key": "relevant-matters", "type": "clause", "offset": [1347, 1363]}, {"key": "the-borrower-shall", "type": "clause", "offset": [1365, 1383]}, {"key": "loan-interest-rate", "type": "definition", "offset": [1411, 1429]}, {"key": "floating-rate", "type": "clause", "offset": [1449, 1462]}, {"key": "rules-of", "type": "definition", "offset": [1468, 1476]}, {"key": "interest-rate-adjustment", "type": "clause", "offset": [1477, 1501]}, {"key": "the-original", "type": "clause", "offset": [1532, 1544]}, {"key": "monthly-interest-settlement", "type": "clause", "offset": [1583, 1610]}, {"key": "the-settlement-date", "type": "clause", "offset": [1612, 1631]}, {"key": "day-of", "type": "clause", "offset": [1650, 1656]}, {"key": "quarterly-interest-settlement", "type": "clause", "offset": [1673, 1702]}, {"key": "last-month", "type": "definition", "offset": [1753, 1763]}, {"key": "annual-interest", "type": "definition", "offset": [1794, 1809]}, {"key": "each-year", "type": "definition", "offset": [1878, 1887]}, {"key": "first-interest-period", "type": "clause", "offset": [1897, 1918]}, {"key": "date-of", "type": "clause", "offset": [1931, 1938]}, {"key": "interest-settlement-date", "type": "clause", "offset": [1985, 2009]}, {"key": "interest-accruing", "type": "clause", "offset": [2020, 2037]}, {"key": "the-day", "type": "definition", "offset": [2053, 2060]}, {"key": "following-the", "type": "definition", "offset": [2061, 2074]}, {"key": "final-repayment-date", "type": "definition", "offset": [2127, 2147]}, {"key": "rate-x", "type": "definition", "offset": [2359, 2365]}, {"key": "actual-days", "type": "definition", "offset": [2366, 2377]}, {"key": "this-contract", "type": "definition", "offset": [2476, 2489]}, {"key": "loan-shall", "type": "definition", "offset": [2515, 2525]}, {"key": "the-combination", "type": "clause", "offset": [2543, 2558]}, {"key": "compound-interest", "type": "definition", "offset": [2573, 2590]}, {"key": "interest-accrual", "type": "clause", "offset": [2596, 2612]}, {"key": "interest-for", "type": "definition", "offset": [2706, 2718]}, {"key": "total-interest", "type": "definition", "offset": [2752, 2766]}, {"key": "benchmark-date", "type": "definition", "offset": [2829, 2843]}, {"key": "rate-applicable", "type": "clause", "offset": [2853, 2868]}, {"key": "for-non", "type": "clause", "offset": [2883, 2890]}, {"key": "working-days", "type": "definition", "offset": [2891, 2903]}, {"key": "loan-principal-amount", "type": "clause", "offset": [3006, 3027]}, {"key": "reference-to", "type": "definition", "offset": [3099, 3111]}, {"key": "interest-basis", "type": "definition", "offset": [3191, 3205]}, {"key": "this-article", "type": "definition", "offset": [3233, 3245]}, {"key": "average-capital", "type": "definition", "offset": [3337, 3352]}, {"key": "repayment-method", "type": "clause", "offset": [3367, 3383]}, {"key": "calculation-formula", "type": "clause", "offset": [3389, 3408]}, {"key": "principal-and-interest", "type": "clause", "offset": [3413, 3435]}, {"key": "number-of", "type": "clause", "offset": [3585, 3594]}, {"key": "repayment-periods", "type": "clause", "offset": [3595, 3612]}, {"key": "the-people", "type": "definition", "offset": [3699, 3709]}, {"key": "bank-of-china", "type": "definition", "offset": [3712, 3725]}, {"key": "interest-rate-determination-method", "type": "definition", "offset": [3743, 3777]}, {"key": "in-accordance-with", "type": "definition", "offset": [3799, 3817]}, {"key": "provisions-of-the", "type": "clause", "offset": [3831, 3848]}, {"key": "notify-the", "type": "clause", "offset": [3898, 3908]}, {"key": "executed-by", "type": "clause", "offset": [3966, 3977]}, {"key": "basis-points", "type": "definition", "offset": [4007, 4019]}, {"key": "prime-rate", "type": "definition", "offset": [4048, 4058]}, {"key": "the-national", "type": "clause", "offset": [4078, 4090]}, {"key": "right-to", "type": "clause", "offset": [4173, 4181]}, {"key": "to-the-borrower", "type": "definition", "offset": [4228, 4243]}, {"key": "national-policy", "type": "clause", "offset": [4385, 4400]}, {"key": "status-of-the-borrower", "type": "clause", "offset": [4409, 4431]}, {"key": "changes-in", "type": "clause", "offset": [4436, 4446]}, {"key": "loan-guarantee", "type": "clause", "offset": [4451, 4465]}, {"key": "unless-otherwise-specified", "type": "clause", "offset": [4508, 4534]}, {"key": "simple-interest-method", "type": "definition", "offset": [4618, 4640]}], "snippet": "1.1 Where the loan currency is a foreign currency and priced on a term interest rate or floating overnight interest rate basis, the applicable pricing benchmark on the Interest Rate Determination Date (T day, or the latest workday prior to the Interest Rate Determination Date in the event that it is not a workday) shall be the interest rate value for the T-N workdays corresponding to the pricing benchmark agreed upon herein as displayed on the page of the terminal of Refinitiv or Bloomberg Financial Telecommunications. In case the pricing benchmark on interest rate is negative, it shall be executed at zero. The aforesaid workdays are the local business days of the loan currency pricing benchmark administrators. For applicable term interest rates, the value of N is 2; for applicable floating overnight interest rates, the value of N is 5. Lest there be any doubt that the SOFR term rate agreed upon herein refers to the SOFR term rate issued by the Chicago Mercantile Exchange (CME) as determined by the Alternative Reference Rate Committee (ARRC); the \u2587\u2587\u2587\u2587\u2587 term rate agreed upon herein refers to the \u2587\u2587\u2587\u2587\u2587 term rate issued by Refinitiv. Any significant change in the pricing benchmark shall be handled based on the market rules in force at the time. Should the Lender then request the Borrower to sign a supplementary agreement on the relevant matters, the Borrower shall cooperate.\n1.2 In case the loan interest rate hereunder adopts a floating rate, the rules of interest rate adjustment shall still be implemented in the original method upon the overdue loan.\n1.3 For monthly interest settlement, the settlement date shall be the 20th day of each month; for quarterly interest settlement, the settlement date shall be the 20th day of the last month of each quarter; and for semi-annual interest settlement, the settlement date shall be June 20 and December 20 of each year.\n1.4 The first interest period is from the date of the Borrower\u2019s actual withdrawal to the first interest settlement date; the last interest accruing period is from the day following the end of the previous interest accruing period to the final repayment date; and the rest of the interest accruing period is from the day following the end of the previous interest accruing period to the next interest settlement date.\n1.5 Loan interest = loan principal x daily interest rate x actual days of use. Where the interest rate is determined by Method (3) set forth in Article 3.2 of Part I of this Contract, and the interest on the loan shall be calculated by the combination of simple and compound interest, the interest accrual rule shall be as follows: for the portion calculated on a pricing benchmark, such portion of interest for each workday = (loan principal + total interest on this portion accrued as of the previous natural day) x the benchmark date interest rate applicable for that day; for non-working days, the interest on this portion is the same as that on the latest workday prior to that day, but if the loan principal amount changes, the interest on this portion shall be adjusted accordingly by reference to the aforementioned formula. The spread-based portion is calculated on a simple interest basis. The workdays mentioned in this Article are the local business days of the loan currency pricing benchmark administrators. For the average capital plus interest repayment method, the calculation formula for principal and interest repayable is as follows: Total principal and interest per installment = Loan principal \u00d7 installment interest rate \u00d7 (1 + installment interest rate) number of repayment periods\n(1 + installment interest rate) number of repayment periods - 1\n1.6 In the event that the People\u2019s Bank of China adjusts the loan interest rate determination method, it shall be handled in accordance with the relevant provisions of the People\u2019s Bank of China, and the Lender shall not notify the Borrower separately.\n1.7 Where the loan interest rate is executed by reducing a certain number of basis points in accordance with the Loan Prime Rate (LPR) published by the National Interbank Funding Center at the time of signing this Contract, the Lender has the right to reassess the interest rate preference granted to the Borrower annually, and to cancel the interest rate preference granted to the Borrower in full or in part at its own discretion in accordance with the national policy, credit status of the Borrower and changes in the loan guarantee, and to notify the Borrower promptly.\n1.8 Unless otherwise specified, the loan interest rate herein shall be the annualized interest rate calculated by simple interest method.", "size": 5, "hash": "566b32e7112c6c6e3d6f8d67f4808619", "id": 6}, {"samples": [{"hash": "h8dzIb1mCCp", "uri": "/contracts/h8dzIb1mCCp#interest-rate-and-interest", "label": "Small Business Loan Contract (Northann Corp.)", "score": 33.9760437012, "published": true}, {"hash": "7mIiEEoC7nR", "uri": "/contracts/7mIiEEoC7nR#interest-rate-and-interest", "label": "Small Business Loan Contract (Northann Corp.)", "score": 33.9760437012, "published": true}], "snippet_links": [{"key": "method-of", "type": "definition", "offset": [4, 13]}, {"key": "the-interest-rate", "type": "clause", "offset": [59, 76]}, {"key": "amounts-determined", "type": "clause", "offset": [159, 177]}, {"key": "the-base-rate", "type": "definition", "offset": [181, 194]}, {"key": "floating-rate", "type": "clause", "offset": [200, 213]}, {"key": "prime-rate", "type": "definition", "offset": [247, 257]}, {"key": "the-national", "type": "clause", "offset": [294, 306]}, {"key": "rate-center", "type": "definition", "offset": [325, 336]}, {"key": "business-day", "type": "definition", "offset": [347, 359]}, {"key": "prior-to-the", "type": "clause", "offset": [372, 384]}, {"key": "date-of-this-agreement", "type": "clause", "offset": [385, 407]}, {"key": "loan-term", "type": "definition", "offset": [548, 557]}, {"key": "corresponding-period", "type": "definition", "offset": [634, 654]}, {"key": "working-day", "type": "definition", "offset": [662, 673]}, {"key": "interest-rate-determination-date", "type": "definition", "offset": [685, 717]}, {"key": "subsequent-periods", "type": "definition", "offset": [1175, 1193]}, {"key": "one-year", "type": "definition", "offset": [1220, 1228]}, {"key": "the-lender", "type": "clause", "offset": [1288, 1298]}, {"key": "maturity-period", "type": "definition", "offset": [1378, 1393]}, {"key": "in-the-event", "type": "clause", "offset": [1505, 1517]}, {"key": "month-of-adjustment", "type": "definition", "offset": [1612, 1631]}, {"key": "day-of", "type": "clause", "offset": [1642, 1648]}, {"key": "term-of-this", "type": "clause", "offset": [1745, 1757]}, {"key": "interest-rate-of-loan", "type": "clause", "offset": [1768, 1789]}, {"key": "foreign-currency-borrowings", "type": "clause", "offset": [1832, 1859]}, {"key": "fixed-interest-rate", "type": "clause", "offset": [1913, 1932]}, {"key": "per-annum", "type": "clause", "offset": [1938, 1947]}, {"key": "the-term-of-the-contract", "type": "clause", "offset": [1980, 2004]}, {"key": "term-interest-rate", "type": "definition", "offset": [2010, 2028]}, {"key": "each-loan", "type": "clause", "offset": [2052, 2061]}, {"key": "sofr-term-rate", "type": "definition", "offset": [2209, 2223]}, {"key": "date-of-withdrawal", "type": "definition", "offset": [2324, 2342]}, {"key": "contract-commencement", "type": "clause", "offset": [2343, 2364]}, {"key": "basis-points", "type": "definition", "offset": [2443, 2455]}, {"key": "the-duration-of-the-contract", "type": "clause", "offset": [2585, 2613]}, {"key": "in-the-case", "type": "clause", "offset": [2615, 2626]}, {"key": "borrowing-rate", "type": "clause", "offset": [2768, 2782]}, {"key": "according-to", "type": "definition", "offset": [2800, 2812]}, {"key": "expiration-of", "type": "clause", "offset": [3143, 3156]}, {"key": "period-from", "type": "definition", "offset": [3161, 3172]}, {"key": "pricing-basis", "type": "clause", "offset": [3275, 3288]}, {"key": "date-from", "type": "definition", "offset": [3319, 3328]}, {"key": "no-date", "type": "clause", "offset": [3359, 3366]}, {"key": "the-adjustment", "type": "clause", "offset": [3449, 3463]}, {"key": "first-day", "type": "definition", "offset": [3546, 3555]}, {"key": "interest-period", "type": "definition", "offset": [3564, 3579]}, {"key": "the-day", "type": "definition", "offset": [3587, 3594]}, {"key": "following-the", "type": "definition", "offset": [3595, 3608]}, {"key": "no-adjustment", "type": "clause", "offset": [3819, 3832]}, {"key": "term-of-the-loan", "type": "clause", "offset": [3848, 3864]}, {"key": "overnight-interest-rate", "type": "definition", "offset": [3879, 3902]}, {"key": "based-on", "type": "definition", "offset": [3926, 3934]}, {"key": "interest-accrual-date", "type": "definition", "offset": [3962, 3983]}, {"key": "withdrawal-date", "type": "definition", "offset": [4022, 4037]}, {"key": "applicable-to", "type": "clause", "offset": [4101, 4114]}, {"key": "the-basis", "type": "clause", "offset": [4238, 4247]}, {"key": "subsequent-lenders", "type": "definition", "offset": [4313, 4331]}, {"key": "determine-the", "type": "clause", "offset": [4332, 4345]}, {"key": "interest-date", "type": "definition", "offset": [4369, 4382]}, {"key": "applicable-pricing", "type": "definition", "offset": [4396, 4414]}, {"key": "drawdown-date", "type": "definition", "offset": [4516, 4529]}, {"key": "subsequent-interest-rate", "type": "definition", "offset": [4552, 4576]}, {"key": "determination-dates", "type": "definition", "offset": [4577, 4596]}, {"key": "interest-on-the-loan", "type": "clause", "offset": [4678, 4698]}, {"key": "daily-basis", "type": "definition", "offset": [4806, 4817]}, {"key": "maturity-of-the-loan", "type": "clause", "offset": [4931, 4951]}, {"key": "the-principal", "type": "clause", "offset": [5016, 5029]}, {"key": "daily-interest-rate", "type": "clause", "offset": [5035, 5054]}, {"key": "annual-interest", "type": "definition", "offset": [5087, 5102]}, {"key": "other-currencies", "type": "clause", "offset": [5174, 5190]}, {"key": "currency-of", "type": "definition", "offset": [5285, 5296]}, {"key": "late-penalty", "type": "clause", "offset": [5340, 5352]}, {"key": "under-this-contract", "type": "clause", "offset": [5353, 5372]}, {"key": "the-original", "type": "clause", "offset": [5410, 5422]}, {"key": "penalty-and-interest", "type": "definition", "offset": [5657, 5677]}, {"key": "loan-shall", "type": "definition", "offset": [5711, 5721]}], "snippet": "3.1 Method of determining interest rate for RMB borrowing: The interest rate on RMB borrowings is determined as follows: The interest rate for each withdrawal amounts determined by the base rate plus floating rate, where the base rate is the loan prime rate (LPR) for 1-year loans published by the National Interbank Offered Rate Center as of the business day immediately prior to the date of this agreement, and the floating rate is plus/minus 90 basis point (one basis point is 0.01%, same below). The floating points remain unchanged during the loan term. If the National Interbank Funding Center does not announce the LPR for the corresponding period on the working day before the interest rate determination date, the LPR announced by the National Interbank Funding Center on the previous working day shall prevail, and so on. After the first interest rate determination date, the interest rate shall be adjusted in the following A manner, regardless of whether or not a withdrawal has been made at that time:\nA. The interest rate shall be adjusted every 12 months, and the interest is calculated in installments. The interest rate determination date for the second and subsequent periods is the corresponding date one year after the first interest rate determination date, on which the lender adjusts the interest rate on the loan at the LPR for the loan of the preceding maturity period and the floating points published by the National Interbank Offered Rate Center on the preceding business day. In the event that a date corresponding to the first interest rate determination date does not exist in the month of adjustment, the last day of the month will be the corresponding date.\nB. The interest rate shall not be adjusted during the term of this loan.\n3.2 Interest rate of loan in foreign currency. The interest rate on foreign currency borrowings is determined in the following manner / (1/2/3):\n(1) Fixed interest rate of % per annum, which remains unchanged during the term of the contract.\n(2) Term interest rate: The interest rate for each loan is determined by the pricing base plus a spread, where the pricing base is the term rate (weekly/monthly/yearly) of the term rate (LIBOR term rate/SOFR term rate/S\u2587\u2587\u2587\u2587 term rate/EURIBOR term rate/TORF term rate, etc.) that should be applied to each loan at (the date of withdrawal/contract commencement) (the first interest rate determination date), and the spread is (plus/minus) basis points (one basis point is 0.01%). The spread is (plus/minus) basis points (one basis point is 0.01%). The spread remains unchanged for the duration of the contract. In the case of a split withdrawal, the interest rate is calculated separately for each withdrawal. After the first interest rate determination date, the borrowing rate will be adjusted according to the following ways / (A/B/C), regardless of whether or not drawings have been made at that time, and the interest will accrue in installments:\nA. Adjustment by / (1/3/6/12) months, with one adjustment per period. The interest rate determination date for the second and subsequent periods shall be the date that corresponds to the expiration of one period from the first interest rate determination date, and the borrowing rate shall be adjusted according to the pricing basis and spread applicable on that date from that date onward. If there is no date corresponding to the first interest rate determination date in the month in which the adjustment is to be made, the last day of that month shall be the corresponding date.\nB. The first day of each interest period (i.e., the day following the end of the previous interest period) shall be the interest rate determination date, and the borrowing rate shall be adjusted according to the pricing basis and spread applicable on that date from that date.\nC. No adjustment throughout the term of the loan.\n(3) Floating overnight interest rate, the borrowing rate is based on the interest rate for each interest accrual date during the interest period (i.e., the withdrawal date and each natural day thereafter). The overnight financing rate applicable to the borrowing currency (SOFR/S\u2587\u2587\u2587\u2587/eSTR/SARON/T\u2587\u2587\u2587, etc.) is determined as a spread over the pricing basis (plus/minus) of the basis points, which remains unchanged during the term of the contract. Subsequent lenders determine the interest rate for each interest date based on the applicable pricing basis for that date and the aforementioned spread. The first interest rate determination date is the drawdown date of each loan, and the subsequent interest rate determination dates are each interest date after the first interest rate determination date, and the interest on the loan is calculated using the / (simple/combined simple/compound) method.\n3.3 The Interest shall be accrued on a daily basis from the date of actual withdrawal and shall be settled on a monthly (monthly/quarterly/semi-annual) basis. Upon maturity of the loan, the remaining unsettled interest will be settled together with the principal. The daily interest rate for each interest-bearing day = annual interest rate/365 when the borrowing currency is GBP, AUD, CAD, SGD or HKD; for other currencies, the daily interest rate for each interest-bearing day = annual interest rate/360.\n3.4 If the currency of the borrowing is RMB, the interest rate of late penalty under this contract shall be determined by adding 50% to the original borrowing rate; if the currency of the borrowing is foreign currency, the interest rate of late penalty under this contract shall be determined by adding / basis points to the original borrowing rate (0.01% for each basis point). The penalty and interest rate for misappropriation of the loan shall be determined by adding 100 % to the original borrowing rate.", "size": 5, "hash": "3b197b3845e527d367c7a7b175e4d5d1", "id": 7}, {"samples": [{"hash": "iGht4hWUqDM", "uri": "/contracts/iGht4hWUqDM#interest-rate-and-interest", "label": "Loan Contract (CHINA METRO-RURAL HOLDINGS LTD)", "score": 24.5770015717, "published": true}, {"hash": "emDfYkgemCb", "uri": "/contracts/emDfYkgemCb#interest-rate-and-interest", "label": "Fixed Asset Loan Contract (CHINA METRO-RURAL HOLDINGS LTD)", "score": 23.5229301453, "published": true}, {"hash": "4Fsbp1SEx8R", "uri": "/contracts/4Fsbp1SEx8R#interest-rate-and-interest", "label": "Fixed Asset Loan Contract (CHINA METRO-RURAL HOLDINGS LTD)", "score": 23.5229301453, "published": true}], "snippet_links": [{"key": "loan-shall", "type": "definition", "offset": [20, 30]}, {"key": "monthly-basis", "type": "definition", "offset": [48, 61]}, {"key": "day-of", "type": "clause", "offset": [87, 93]}, {"key": "last-month", "type": "definition", "offset": [111, 121]}], "snippet": "The interest of the Loan shall be calculated on monthly basis and shall be on the 20th day of the month (or of last month of each quarter).", "size": 4, "hash": "2b3446af6269b95ee607b7e2ac334065", "id": 8}, {"samples": [{"hash": "iI3qCHc55nB", "uri": "/contracts/iI3qCHc55nB#interest-rate-and-interest", "label": "Loan Contract (Winner Medical Group Inc)", "score": 19.0, "published": true}, {"hash": "7VUjdC4fPeb", "uri": "/contracts/7VUjdC4fPeb#interest-rate-and-interest", "label": "Loan Contract (Winner Medical Group Inc)", "score": 19.0, "published": true}], "snippet_links": [{"key": "interest-of-the-loan", "type": "clause", "offset": [19, 39]}, {"key": "rate-of", "type": "clause", "offset": [61, 68]}, {"key": "per-annum", "type": "clause", "offset": [75, 84]}, {"key": "the-interest-rate", "type": "clause", "offset": [86, 103]}, {"key": "loan-shall", "type": "definition", "offset": [111, 121]}, {"key": "certificate-of-indebtedness", "type": "clause", "offset": [169, 196]}, {"key": "party-b", "type": "definition", "offset": [201, 208]}, {"key": "the-purpose-of-the-loan", "type": "clause", "offset": [217, 240]}, {"key": "party-a", "type": "clause", "offset": [242, 249]}, {"key": "to-charge", "type": "clause", "offset": [262, 271]}, {"key": "interest-on-the", "type": "clause", "offset": [272, 287]}, {"key": "loan-interest-rate", "type": "definition", "offset": [362, 380]}, {"key": "based-on", "type": "definition", "offset": [381, 389]}, {"key": "fails-to-repay", "type": "clause", "offset": [415, 429]}, {"key": "due-date", "type": "clause", "offset": [450, 458]}, {"key": "amount-in-default", "type": "definition", "offset": [506, 523]}, {"key": "the-people", "type": "definition", "offset": [752, 762]}, {"key": "bank-of-china", "type": "definition", "offset": [765, 778]}, {"key": "lending-rate", "type": "definition", "offset": [791, 803]}, {"key": "term-of-the-loan", "type": "clause", "offset": [815, 831]}, {"key": "in-accordance-with", "type": "definition", "offset": [878, 896]}, {"key": "provisions-relating-to", "type": "clause", "offset": [901, 923]}], "snippet": "5.1 Interest rate: Interest of the Loan is calculated at the rate of 5.4 % per annum. The interest rate of the Loan shall be finally confirmed by the rate stated on the certificate of indebtedness. If Party B changes the purpose of the Loan, Party A is entitled to charge interest on the misused portion of the Loan at the rate equaling to 2 times of the normal Loan interest rate based on misused days. If Party B fails to repay the Loan before the due date, Party A is entitled to charge interest on the amount in default at the rate equaling to 1.5 times of the normal Loan interest rate. If both events above-mentioned occur simultaneously, Party B should impose penalty based on the breach which is more severe instead of based on both events. If the People\u2019s Bank of China changes the lending rate during the term of the Loan, the interest of the Loan shall be calculated in accordance with the provisions relating to such change.", "size": 4, "hash": "4b4569021a4eae8033cee600c0e0a7c8", "id": 9}, {"samples": [{"hash": "jUMTOyCi77N", "uri": "/contracts/jUMTOyCi77N#interest-rate-and-interest", "label": "Working Capital Loan Contract (CHINA METRO-RURAL HOLDINGS LTD)", "score": 25.5817928314, "published": true}, {"hash": "jKe7v313BkW", "uri": "/contracts/jKe7v313BkW#interest-rate-and-interest", "label": "Working Capital Loan Contract (CHINA METRO-RURAL HOLDINGS LTD)", "score": 23.5229301453, "published": true}, {"hash": "7F9Tt2qTIfe", "uri": "/contracts/7F9Tt2qTIfe#interest-rate-and-interest", "label": "Working Capital Loan Contract (CHINA METRO-RURAL HOLDINGS LTD)", "score": 23.5229301453, "published": true}], "snippet_links": [{"key": "in-case-of", "type": "clause", "offset": [4, 14]}, {"key": "foreign-currency-loan", "type": "definition", "offset": [15, 36]}, {"key": "interbank-offered-rate", "type": "definition", "offset": [53, 75]}, {"key": "page-of", "type": "clause", "offset": [120, 127]}, {"key": "under-this-contract", "type": "clause", "offset": [170, 189]}, {"key": "bank-business-days", "type": "definition", "offset": [194, 212]}, {"key": "drawdown-day", "type": "definition", "offset": [224, 236]}, {"key": "reset-day", "type": "definition", "offset": [240, 249]}, {"key": "london-time", "type": "clause", "offset": [261, 272]}, {"key": "hong-kong", "type": "definition", "offset": [497, 506]}, {"key": "floating-interest-rate", "type": "definition", "offset": [531, 553]}, {"key": "interest-rate-reset", "type": "definition", "offset": [600, 619]}, {"key": "to-apply", "type": "clause", "offset": [641, 649]}, {"key": "in-payments", "type": "clause", "offset": [672, 683]}, {"key": "loan-shall", "type": "definition", "offset": [709, 719]}, {"key": "monthly-basis", "type": "definition", "offset": [737, 750]}, {"key": "day-of", "type": "clause", "offset": [776, 782]}, {"key": "interest-on", "type": "definition", "offset": [819, 830]}, {"key": "quarterly-basis", "type": "clause", "offset": [831, 846]}, {"key": "last-month", "type": "definition", "offset": [864, 874]}, {"key": "yearly-basis", "type": "clause", "offset": [934, 946]}, {"key": "each-year", "type": "definition", "offset": [975, 984]}, {"key": "first-interest-period", "type": "clause", "offset": [994, 1015]}, {"key": "the-day", "type": "definition", "offset": [1024, 1031]}, {"key": "calculation-day", "type": "definition", "offset": [1100, 1115]}, {"key": "last-interest-period", "type": "definition", "offset": [1121, 1141]}, {"key": "remaining-interest-period", "type": "definition", "offset": [1230, 1255]}, {"key": "in-the-event", "type": "clause", "offset": [1358, 1370]}, {"key": "the-people", "type": "definition", "offset": [1377, 1387]}, {"key": "bank-of-china", "type": "definition", "offset": [1390, 1403]}, {"key": "to-determine", "type": "clause", "offset": [1425, 1437]}, {"key": "based-on", "type": "definition", "offset": [1486, 1494]}, {"key": "applicable-rules-and-regulations", "type": "definition", "offset": [1499, 1531]}, {"key": "by-the-lender", "type": "clause", "offset": [1593, 1606]}, {"key": "lending-rate", "type": "definition", "offset": [1696, 1708]}, {"key": "right-to-re", "type": "clause", "offset": [1772, 1783]}, {"key": "to-the-borrower", "type": "definition", "offset": [1822, 1837]}, {"key": "national-policy", "type": "clause", "offset": [1890, 1905]}, {"key": "status-of-the-borrower", "type": "clause", "offset": [1914, 1936]}, {"key": "changes-in-status", "type": "clause", "offset": [1941, 1958]}, {"key": "notify-the", "type": "clause", "offset": [2086, 2096]}, {"key": "a-timely-manner", "type": "definition", "offset": [2109, 2124]}], "snippet": "1.1 In case of foreign currency loan, LIBOR shall be interbank offered rate displayed on the Reuters terminal under the page of \u201cLIBO=\u201d for the same currency as the Loan under this Contract two bank business days before the drawdown day or reset day at 11:00am London time; HIBOR shall be interbank offered rate displayed on the Reuters terminal under the page of \u201cHIBO=\u201d for the same currency as the Loan under this Contract two bank business days before the drawdown day or reset day at 11:15am Hong Kong time.\n1.2 In case where floating interest rate is used for the Loan under this Contract, the interest rate reset rules shall continue to apply subsequent to overdue in payments.\n1.3 The interest of the Loan shall be calculated on monthly basis and shall be on the 20th day of the month; In case of settlement of interest on quarterly basis, the 20th day of last month of each quarter; In case of settlement of interest on half yearly basis, June 20 and December 20 of each year.\n1.4 The first interest period is from the day on which the Borrower has drawn down the Loan to the first interest calculation day. The last interest period is the day after the previous interest calculation day to the day of the repayment. The remaining interest period is from the day after the previous interest calculation day to the next interest calculation day.\n1.5 In the event where the People\u2019s Bank of China has adjusted the way to determine interest rate, the interest would be calculated based on the applicable rules and regulations of the People\u2019s Bank of China without notifying the Borrower by the Lender.\n1.6 In case where the interest rate enforced under this Contract is below the benchmark lending rate as published by the People\u2019s Bank of China, the Lender has the right to re-assess the preferential rates offered to the Borrower each year, and at the Lender\u2019s discretion, based on national policy, credit status of the Borrower and changes in status of guarantees provided for the Loan, to cancel part or all of the preferential interest rate offered to the Borrower and shall notify the Borrower on a timely manner.", "size": 3, "hash": "7bb7d76053c552520874c7940d0b98e9", "id": 10}], "next_curs": "CmMSXWoVc35sYXdpbnNpZGVyY29udHJhY3Rzcj8LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IiNpbnRlcmVzdC1yYXRlLWFuZC1pbnRlcmVzdCMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"parents": [["other-matters-agreed-by-the-parties", "Other Matters Agreed by the Parties"], ["other-agreed-matters", "Other Agreed Matters"], ["others", "Others"], ["basic-agreement", "Basic Agreement"], ["general-provisions", "General Provisions"]], "title": "Interest Rate and Interest", "size": 93, "children": [["calculation-of-interest", "Calculation of interest"], ["", ""], ["determination-of-interest-rate-for-rmb-loans", "Determination of Interest Rate for RMB Loans"], ["determination-of-interest-rate-for-foreign-currency-loans", "Determination of Interest Rate for Foreign Currency Loans"], ["authorization-and-entrustment", "Authorization and Entrustment"]], "id": "interest-rate-and-interest", "related": [["interest-and-interest-rates", "Interest and Interest Rates", "Interest and Interest Rates"], ["notice-of-interest-period-and-interest-rate", "Notice of Interest Period and Interest Rate", "Notice of Interest Period and Interest Rate"], ["payment-and-interest", "Payment and Interest", "Payment and Interest"], ["notification-of-rate-of-interest-and-interest-amounts", "Notification of Rate of Interest and Interest Amounts", "Notification of Rate of Interest and Interest Amounts"], ["late-charge-and-interest", "Late Charge and Interest", "Late Charge and Interest"]], "related_snippets": [], "updated": "2026-04-02T05:40:27+00:00"}, "json": true, "cursor": ""}}