Common use of Interest Settlement Method Clause in Contracts

Interest Settlement Method. The Borrower will settle interest payment with clause (1) of the following: (1) Settle interest on quarter basis, the 20th of the last month in each quarter as interest settlement date, and the 21st is the due date of interest payment. (2) Settle interest on monthly basis, the 20th of each month is the settlement date, and the due date is the 21st. If the last payment date of loan capital is not the interest payment date, then the last payment date of the loan capital will be regard as the interest payment date, the Borrower shall pay off any unpaid interest.

Interest Settlement Method. The Borrower will borrower shall settle the interest payment with clause in the following manner (1) of the following:): (1) Settle interest on quarter basisInterest shall be settled quarterly, with the 20th day of the last month in end of each quarter as the interest settlement date, date and the 21st is day as the due date of interest paymentpayment date. (2) Settle interest on monthly basisInterest shall be settled monthly, with the 20th day of each month is as the settlement date, date and the due date is 21st day as the 21stcoupon payment date. If the last payment date of loan capital is not the interest payment date, then the last payment repayment date of the loan capital will be regard as principal is not the interest Coupon payment date, the Borrower last repayment date of the loan principal is the Coupon payment date and the borrower shall pay off any unpaid interestall the interest payable.