Amount of Instalments. The Borrower shall repay the Loan by 13 equal consecutive quarterly instalments, each in the amount of $161,765 (each an "Instalment" and, together, the "Instalments") and a balloon instalment in the amount of $8,897,055 (the "Balloon Instalment") Provided that if the amount advanced is less than $11,000,000, the aggregate amount of the Instalments and the Balloon Instalment shall be reduced by an amount equal to the undrawn amount on a pro rata basis.";
Appears in 3 contracts
Samples: Second Supplemental Agreement (EuroDry Ltd.), Second Supplemental Agreement (EuroDry Ltd.), Second Supplemental Agreement (Euroseas Ltd.)
Amount of Instalments. The Borrower shall repay the Loan by 13 16 equal consecutive quarterly instalments, each in the amount of $161,765 280,000 (each an "Instalment" and, together, the "Instalments") and a balloon instalment in the amount of $8,897,055 14,520,000 (the "Balloon Instalment") Provided that if the amount advanced is less than $11,000,00019,000,000, the aggregate amount of the Instalments and the Balloon Instalment shall be reduced by an amount equal to the undrawn amount on a pro rata basis.";
Appears in 3 contracts
Samples: Loan Agreement (EuroDry Ltd.), Loan Agreement (EuroDry Ltd.), Loan Agreement (Euroseas Ltd.)
Amount of Instalments. The Borrower shall repay the Loan by 13 loan by:
(i) 20 equal consecutive quarterly instalments, each in the amount of $161,765 2,500,000 (each an "InstalmentInstalment " and, together, the "InstalmentsInstalments "); and (ii) and a balloon instalment in the amount of $8,897,055 50,00,000 (the "Balloon InstalmentInstalment ") Provided that that, if the amount advanced in respect of the Advance is less than $11,000,000, the Maximum Advance Amount the aggregate amount of the Instalments and the Balloon Instalment shall be reduced by an amount equal to the undrawn amount on a pro rata basis.";
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Amount of Instalments. The Borrower shall repay the Loan by 13 by:
(a) 24 equal consecutive quarterly instalments, each in the amount of $161,765 1,330,000 (each an "Instalment" and, together, the "Instalments"); and
(b) and together with the last instalment, a balloon instalment in the amount of $8,897,055 73,080,000 (the "Balloon Instalment") ), Provided that that, if the amount of the Loan advanced is less than $11,000,000105,000,000, the aggregate amount of the Instalments each Instalment and the Balloon Instalment shall be reduced by an amount equal to the undrawn amount on a pro rata basis.";
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Amount of Instalments. The Borrower shall repay the Loan by 13 by:
(i) 17 equal consecutive quarterly instalments, each in the amount of $161,765 382,500 (each an "“Instalment" ” and, together, the "“Instalments"”); and
(ii) and a balloon instalment in the amount of $8,897,055 8,797,500 (the "“Balloon Instalment") ”), Provided that that, if the amount of the Loan advanced is less than $11,000,00015,300,000, the aggregate amount of the Instalments and the Balloon Instalment shall be reduced by an amount equal to the undrawn amount on a pro rata basis.";
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Amount of Instalments. The Borrower Borrowers shall repay the Loan by 13 equal by:
(a) 24 consecutive quarterly instalmentsinstalments (each an “Instalment” and, together the “Instalments”) each in the amount of $161,765 900,000; and
(each an "Instalment" and, together, the "Instalments"b) and a balloon instalment in the amount of $8,897,055 32,400,000 (the "“Balloon Instalment") ”), Provided that if the amount advanced is less than $11,000,000, the aggregate amount of the Instalments Loan drawn down is less than $54,000,000 each Instalment and the Balloon Instalment shall will be reduced pro rata by an amount in aggregate equal to the undrawn amount on a pro rata basisamount.";
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Amount of Instalments. The Borrower shall repay the Loan by 13 loan by:
(i) 20 equal consecutive quarterly instalments, each in the amount of $161,765 2,500,000 (each an "Instalment" “Instalment ” and, together, the "Instalments"“Instalments “); and (ii) and a balloon instalment in the amount of $8,897,055 50,00,000 (the "“Balloon Instalment"Instalment “) Provided that that, if the amount advanced in respect of the Advance is less than $11,000,000, the Maximum Advance Amount the aggregate amount of the Instalments and the Balloon Instalment shall be reduced by an amount equal to the undrawn amount on a pro rata basis.";
Appears in 1 contract
Samples: Loan Agreement (Toro Corp.)
Amount of Instalments. The Borrower Borrowers shall repay the Loan by 13 Advance by:
(i) 8 equal consecutive quarterly instalments, each in the amount of $161,765 5,375,000 (each an "“Instalment" ” and, together, the "“Instalments"”); and
(ii) and together with the last Instalment, a balloon instalment in the amount of $8,897,055 97,000,000 (the "“Balloon Instalment") ”), Provided that that, if the amount advanced is less than $11,000,000140,000,000, the aggregate amount of the Instalments and the Balloon Instalment shall be reduced by an amount equal to the undrawn amount on a pro rata basis.";
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Amount of Instalments. The Borrower shall repay the Loan by 13 by:
(a) 20 equal consecutive quarterly instalments, each in the amount of $161,765 860,000 (each an "“Instalment" ” and, together, the "“Instalments"”); and
(b) and a balloon instalment in the amount of $8,897,055 21,300,000 (the "“Balloon Instalment") ”), Provided that that, if the amount of the Loan advanced is less than $11,000,00038,500,000, the aggregate amount of the Instalments each Instalment and the Balloon Instalment shall be reduced by an amount equal to the undrawn amount on a pro rata basis.";
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Amount of Instalments. The Borrower shall repay the Loan by 13 equal by:
(a) consecutive quarterly instalmentsinstalments (each an “Instalment” and, together, the “Instalments”) each in the amount of $161,765 337,500; and
(each an "Instalment" and, together, the "Instalments"b) and a balloon instalment in the amount of $8,897,055 11,900,000 (the "“Balloon Instalment") ”), Provided that if the amount advanced is less than $11,000,000, the aggregate amount of the Instalments Loan drawn down is less than $20,000,000 each Instalment and the Balloon Instalment shall will be reduced pro rata by an amount in aggregate equal to the undrawn amount on a pro rata basisamount.";
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Amount of Instalments. The Borrower shall repay the Loan by 13 by:
(a) 4 equal consecutive quarterly instalments, each in the amount of $161,765 846,000 (each an "“Instalment" ” and, together, the "“Instalments"”); and
(b) and a balloon instalment in the amount of $8,897,055 28,416,000 (the "“Balloon Instalment") ”), Provided that that, if the amount of the Loan advanced is less than $11,000,00031,800,000, the aggregate amount of the Instalments and the Balloon Instalment shall be reduced by an amount equal to the undrawn amount on a pro rata basis.";
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