Common use of Interest Settlement Method Clause in Contracts

Interest Settlement Method. The Borrower shall settle interest in accordance with the following method (2): (1) Quarterly interest settlement: The 20th day of the last month of each quarter is the interest settlement date, and the 21st day is the interest payment date. (2) Monthly interest settlement: The 20th day of each month is the interest settlement date, and the 21st day is the interest payment date.

Interest Settlement Method. The Borrower shall settle interest in accordance with the following method (Method 2):: (1) Quarterly interest settlement: The 20th day of the last month of each quarter is shall be the interest settlement date, and the 21st day is shall be the interest payment date. (2) Monthly interest settlement: The 20th day of each month is shall be the interest settlement date, and the 21st day is shall be the interest payment date.