Interest. The Borrower shall pay to KfW interest at a rate determined as follows: 4.1 Interest (fixed interest rate set upon commitment of the Loan.) The Borrower shall pay interest on the Loan at a rate of 2.10 % p. a. ("Fixed Interest Rate") until the last repayment instalment according to the Repayment Schedule as defined in Article 5.1 has been received. 4.2 Calculation of interest and interest payment dates. The interest on a disbursed Loan amount will be charged from the date (exclusively) on which the respective Loan amount is paid out of the Loan account held with KfW for the Borrower until the date (inclusively), on which the respective repayments are credited to KfW's account stated in Article 6.3. Interest will be calculated in accordance with Article 6.1 (Calculation). Interest will be paid in arrears on the Payment Dates (as defined in Article 3.1).
Appears in 2 contracts
Sources: Loan Agreement, Loan Agreement