Common use of Repayment Date Clause in Contracts

Repayment Date. 1. If the repayment method in paragraph 1 of the preceding paragraph is adopted, the maturity date of the loan shall be the date of the last repayment, and the interest shall be clear with the principal. 2. If the repayment methods listed in item 2, 3 and 4 of the preceding paragraph are adopted, the first repayment date shall be × the first interest settlement date / ×20 / year / month/day, and then the corresponding day of every month/month/month at the end of every quarter/month/month at the end of every half month shall be the repayment date; If there is no corresponding day, the repayment date shall be the last day of the month. The last repayment date shall be the maturity date of the loan. If the said repayment date is a non-bank business day, it will be deferred to the next business day, and interest will be charged during the deferred period as agreed in this contract.

Appears in 3 contracts

Sources: Working Capital Loan Contract (Xinzi), Working Capital Loan Contract (Xinzi), Working Capital Loan Contract (Xinzi)

Repayment Date. 1. If the repayment method in paragraph 1 of the preceding paragraph is adopted, the maturity date of the loan shall be the date of the last repayment, and the interest shall be clear with the principal. 2. If the repayment methods listed in item 2, 3 and 4 of the preceding paragraph are adopted, the first repayment date shall be × the first interest settlement date / ×20 / year / year/ month/day, and then the corresponding day of every month/month/month at the end of every quarter/month/month at the end of every half month shall be the repayment date; If there is no corresponding day, the repayment date shall be the last day of the month. The last repayment date shall be the maturity date of the loan. If the said repayment date is a non-bank business day, it will be deferred to the next business day, and interest will be charged during the deferred period as agreed in this contract.

Appears in 1 contract

Sources: Working Capital Loan Contract (Xinzi)