Common use of Amount of Instalments Clause in Contracts

Amount of Instalments. The Borrower shall repay the Loan by 16 equal consecutive quarterly instalments, each in the amount of $280,000 (each an "Instalment" and, together, the "Instalments") and a balloon instalment in the amount of $14,520,000 (the "Balloon Instalment") Provided that if the amount advanced is less than $19,000,000, 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.

Amount of Instalments. The Borrower shall repay the Loan by 16 13 equal consecutive quarterly instalments, each in the amount of $280,000 161,765 (each an "Instalment" and, together, the "Instalments") and a balloon instalment in the amount of $14,520,000 8,897,055 (the "Balloon Instalment") Provided that if the amount advanced is less than $19,000,00011,000,000, 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.";