Rate and Interest Sample Clauses
Rate and Interest. 1.1 In foreign currency borrowings, LIBOR is the benchmark interest rate on the withdrawal date or two banking days before the adjustment date of base interest rate (11:00 noon London time) Reuters (REUTRES) Financial Telecommunication terminal "LIBOR" page displays the borrower under this contract currency interbank offered rate; HIBOR as the benchmark interest rate adjustment date or withdrawal two banking days before (11:15 noon Hong Kong time) Reuters (REUTRES) Financial Telecommunication terminal "HIBOR" page shows the same industry in HK Offered Rate.
1.2 For loans with floating interest rates under the contract, , the rules to adjust the underlying interest rate will not be changed.
1.3 For loans with interest rates settled monthly, interest settlement date is 20th of each month; For loans with interest rates settled quarterly, the interest settlement date is the 20th of the last month of each quarter; For loans with interest rates settled semi-annually, interest settlement dates are June 20 and December 20 of each year.
1.4 The first interest period is from the actual withdrawal date to the date of the first interest settlement date; the last interest period is from the following day after the previous interest period to the final repayment date; other interest period is from the following day after the previous interest period to the next interest settlement date.
1.5 In the case the People's Bank of China adjust the policies to mandate loan interest rate, the lender will follow such policies, and will not notify the borrower.
1.6 Upon signing the contract, if the loan interest rate is discounted from the base interest rate determined by People’s Bank of China, the Lender has the right to reevaluate the discount given to the Borrower based on the national policies, credit quality of the borrower, and the changes of the guarantors, etc. The Lender has the discretion to decide on the cancellation of part or all discount, and will notify the borrower in the due course.
Rate and Interest. 5 Article 6 Overdue Interest.............................................. 6
Rate and Interest. 1.1 In foreign currency borrowings, LIBOR is the benchmark interest rate adjustment date or withdrawal two banking days before (11:00 noon London time) Reuters (REUTRES) Financial Telecommunication terminal "LIBOR" page displays the borrower under this contract currency interbank offered rate; HIBOR as the benchmark interest rate adjustment date or withdrawal two banking days before (11:15 noon Hong Kong time) Reuters (REUTRES) Financial Telecommunication terminal "HIBOR" page shows the same industry in HK Offered Rate.
1.2 Under the contract of loan with floating interest rates, loan interest rate adjustment after the rule is still overdue according to the original manner.
1.3 Monthly loan interest rates, interest settlement date is 20th of each month; quarterly interest settlement, the interest settlement date for the end of each quarter 20 months; interest rate by half knot, knot interest payment date to June 20 each year and December 20.
1.4 The first interest period is the actual withdrawal from the borrower until the date of the first interest settlement date; the last period is an interest from an interest until the day after the end of the final repayment date; the rest of the interest period is from an interest until the day after the end of the next interest settlement date.
1.5 In case of the Chinese People's Bank adjust the loan interest rate to determine the way the People's Bank of China according to relevant provisions, the lender no longer notice the borrower.