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 shall be the interest settlement date, and the 21st day shall be the interest payment date. (2) Monthly interest settlement: The 20th day of each month shall be the interest settlement date, and the 21st day shall be 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 shall be is the interest settlement date, and the 21st day shall be is the interest payment date. (2) Monthly interest settlement: The 20th day of each month shall be is the interest settlement date, and the 21st day shall be is the interest payment date.