Common use of Amount of repayment installments Clause in Contracts

Amount of repayment installments. The Borrowers shall repay the Loan as follows: (a) With respect to the Advance related to NORDIC ODYSSEY and NORDIC ORION: Date Repayment Outstanding Principal Amount 1st Repayment Date $ 1,000,000 $ 39,000,000 2nd Repayment Date $ 1,000,000 $ 38,000,000 3rd Repayment Date $ 1,000,000 $ 37,000,000 4th Repayment Date $ 1,000,000 $ 36,000,000 5th Repayment Date $ 2,000,000 $ 34,000,000 6th Repayment Date $ 1,000,000 $ 33,000,000 7th Repayment Date $ 1,000,000 $ 32,000,000 8th Repayment Date $ 1,000,000 $ 31,000,000 9th Repayment Date $ 2,000,000 $ 29,000,000 10th Repayment Date $ 1,000,000 $ 28,000,000 11th Repayment Date $ 1,000,000 $ 27,000,000 12th Repayment Date $ 1,000,000 $ 26,000,000 13th Repayment Date $ 1,000,000 $ 25,000,000 14th Repayment Date $ 1,000,000 $ 24,000,000 15th Repayment Date $ 1,000,000 $ 23,000,000 16th Repayment Date $ 1,000,000 $ 22,000,000 17th Repayment Date $ 2,000,000 $ 20,000,000 18th Repayment Date $ 1,000,000 $ 19,000,000 19th Repayment Date $ 1,000,000 $ 18,000,000 20th Repayment Date $ 18,000,000 $ 0 (b) With respect to the Advance related to NORDIC OSHIMA, (i) in 28 equal quarterly installments of the lesser of $375,000 or 1/60th of such Advance; and (ii) together with the last quarterly installment, a balloon payment equal to the lesser of $12,000,000 or 32/60th of the Advance.

Amount of repayment installments. The Borrowers shall repay the Loan as follows: (a) With respect to the Advance related to NORDIC ODYSSEY and NORDIC ORION: Date Repayment Outstanding Principal Amount Loan 1st Repayment Date $ 1,000,000 $ 39,000,000 2nd Repayment Date $ 1,000,000 $ 38,000,000 3rd Repayment Date $ 1,000,000 $ 37,000,000 4th Repayment Date $ 1,000,000 $ 36,000,000 5th Repayment Date $ 2,000,000 $ 34,000,000 6th Repayment Date $ 1,000,000 $ 33,000,000 7th Repayment Date $ 1,000,000 $ 32,000,000 8th Repayment Date $ 1,000,000 $ 31,000,000 9th Repayment Date $ 2,000,000 $ 29,000,000 10th Repayment Date $ 1,000,000 $ 28,000,000 11th Repayment Date $ 1,000,000 $ 27,000,000 12th Repayment Date $ 1,000,000 $ 26,000,000 13th Repayment Date $ 1,000,000 $ 25,000,000 14th Repayment Date $ 1,000,000 $ 24,000,000 15th Repayment Date $ 1,000,000 $ 23,000,000 16th Repayment Date $ 1,000,000 $ 22,000,000 17th Repayment Date $ 2,000,000 $ 20,000,000 18th Repayment Date $ 1,000,000 $ 19,000,000 19th Repayment Date $ 1,000,000 $ 18,000,000 20th Repayment Maturity Date $ 18,000,000 1,000,000 $ 0 (b) With respect to the Advance related to NORDIC OSHIMA, (i) in 28 equal quarterly installments of the lesser of $375,000 or 1/60th of such Advance; and (ii) together with the last quarterly installment, a balloon payment equal to the lesser of $12,000,000 or 32/60th of the Advance.17,000,000