Loan Interest Rate. Borrower shall pay interest on the principal amount of the Loan from the date of the Loan until the Loan is paid in full, at a per annum rate of interest equal to the Loan Rate determined in accordance with the definition of Loan Rate. The Loan Rate applicable to the Loan shall not be subject to change in the absence of manifest error. All computations of interest on the Loan shall be based on a year of 360 days and twelve 30 day months. If Borrower pays interest on any Loan which is determined to be in excess of the then legal maximum rate, then that portion of each interest payment representing an amount in excess of the then legal maximum rate shall be deemed a payment of principal and applied against the principal of the Loan.
Loan Interest Rate. Borrower shall pay interest on the unpaid principal amount of each Loan from the Loan Commencement Date until such Loan has been paid in full, at a per annum rate of interest equal to the Basic Rate, determined as of the date that is ten (10) Business Days prior to the Loan Commencement Date. The Basic Rate applicable to each Loan shall be fixed for the Repayment Period and shall not be subject to change in the absence of a manifest error. All computations of interest on each Loan shall be based on a year of three hundred sixty (360) days for actual days elapsed. Notwithstanding any other provision hereof, the amount of interest payable hereunder shall not in any event exceed the maximum amount permitted by the law applicable to interest charged on commercial loans.
Loan Interest Rate. The method as described in following Item (1) shall apply for the determination of loan interest rate and a simple interest calculation shall be applied:
Loan Interest Rate. Borrower shall pay interest on the unpaid principal amount of each Loan from the Funding Date of such Loan until such Loan has been paid in full, at a per annum rate of 8%. All computations of interest on each Loan shall be based on a year of 360 days for actual days elapsed provided, however, that per diem interest shall be calculated on the basis of the actual number of days elapsed over a year of 365 days. Notwithstanding any other provision hereof, the amount of interest payable hereunder shall not in any event exceed the maximum amount permitted by applicable law.
Loan Interest Rate. Borrower shall pay interest on the unpaid principal amount of each Loan from the Loan Commencement Date until such Loan has been paid in full, at a per annum rate of interest equal to the Basic Rate. The Basic Rate shall be fixed for the Repayment Period and shall not be subject to change in the absence of a manifest error. All computations of interest on each Loan shall be based on a year of 360 days for actual days elapsed. Notwithstanding any other provision hereof, the amount of interest payable hereunder shall not in any event exceed the maximum amount permitted by the law applicable to interest charged on commercial loans.
Loan Interest Rate. The Borrower undertakes to pay interest at a rate of 10% (Ten Percent) per annum on the outstanding principal amount of the Loan from the date of the disbursement of principal under the Loan until such principal amount is repaid. Interest shall be payable quarterly in arrears in all principal outstanding during the preceding quarter. Interest shall be computed on the basis of a 365 day year for the actual number of days elapsed.
Loan Interest Rate. 5.1 The loan interest rate under this contract shall be implemented as follows: þ The loan interest rate under this contract is 7.22% (annual interest rate). If the People's Bank of China adjusts the benchmark interest rate of the loan after the contract is signed and before the loan is actually issued, the loan interest rate under the contract will be implemented according to the adjusted benchmark interest rate for the same period and the floating ratio agreed in Clause 5. 5 of the contract. x Party A and Party B shall determine the benchmark interest rate of foreign exchange loan published by Party B once every / month, and the interest rate from the withdrawal date to the first interest settlement date is /%(annual interest rate).
x A floating interest rate consisting of / month's/(LIBOR/HIBOR)+ /% spread, which fluctuates once every / month. (LIBOR interest rate refers to the interbank offered rate of the above-mentioned term and currency published by the British Bankers Association [BBA] provided by [REUTERS] and other financial and telecommunication terminals issued by Party B's head office two banking days before the lending date or two banking days before the interest rate adjustment date; HIBOR interest rate refers to the interbank interest rate of the above-mentioned term and currency published by Hong Kong Association of Banks [HKAB], which is provided by [REUTERS] and other financial and telecommunication terminals issued by Party B's head office two banking days before the lending date or two banking days before the interest rate adjustment date. ) x Other: /
5.2 The interest of the loan under this contract starts from the actual withdrawal date, and the calculation formula of interest is: interest = Actual loan balance × actual days during the interest period × annual interest rate /360 (days).
5.3 The interest settlement of the loan under this contract shall be in one of the following ways:
Loan Interest Rate. The interest rate for the loan under this contract is calculated using a simple interest method and is determined according to the following option (2) (please check the applicable option ☐ with a √):
(1) The interest rate for the loan under this contract is based on the most recently published ☐1-year ☐ 5-year above ☐ other LPR (Loan Prime Rate) from the day before the contract takes effect, adjusted by ☐ plus ☐ minus basis points (LPR refers to the loan market quotation rate published by the National Interbank Funding Center; 1 basis point = 0.01%, hereinafter the same). The specific rate will be determined by the loan receipt. During the loan term, the interest rate will not be adjusted.
(2) The interest rate for each loan under this contract is determined based on the most recently published þ 1-year ☐ 5-year above ☐ other LPR from the day before ☐ the loan disbursement date þ the contract’s effective date, adjusted by þ plus ☐ minus One hundred and ninety basis points, with specifics detailed in the loan receipt. During the loan term, the interest rate for each loan will be adjusted according to the following ① method, and the lender will not separately notify the borrower: ① The interest rate for a single loan will not be adjusted and will be calculated without segmentation. ② The interest rate will be reset every ___ (☐ years ☐ months), with the adjustment date being the corresponding date in the month of loan disbursement. If there is no corresponding date in the adjustment month, the last day of that month will be used as the adjustment date. The new pricing benchmark will be based on the most recently published LPR for the term selected in clause (2) of this article from the day before the adjustment date, with the basis points remaining unchanged.
Loan Interest Rate. Borrower shall pay to Bank interest on the outstanding principal balance of all Advances obtained under the Line of Credit. The interest rate shall be the Loan Interest Rate. The Loan Interest Rate may change from time to time and the interest payable on the outstanding principal balance will fluctuate with changes in the Loan Interest Rate. Interest shall be computed daily on the basis of a 360 day year and charged on the number of actual days Advances are outstanding.
Loan Interest Rate. You will be charged interest on the Contract Debt at an annual rate equal to 5%. Interest charged will accrue daily beginning on the day the loan is effective.
