Common use of Amount of repayment instalments Clause in Contracts

Amount of repayment instalments. The Borrower shall repay the Loan by 20 equal consecutive semi-annual instalments of $4,250,000 each and by a balloon instalment of $71,800,000 (the “Balloon Instalment”) Provided that if the amount of the Loan drawndown hereunder is less than $156,800,000, each of the repayment instalments and the Balloon Instalment shall be reduced pro rata by an amount in aggregate equal to the undrawn balance.

Appears in 2 contracts

Samples: Loan Agreement (Danaos Corp), Loan Agreement (Danaos Corp)

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Amount of repayment instalments. The Borrower shall repay the Loan by 20 equal by: (a) 40 consecutive semi-annual quarterly instalments, the first 12 instalments of $4,250,000 2,812,913 each and by the next 28 instalments of $2,062,913 each; and (b) a balloon instalment of $71,800,000 82,516,480 (the “Balloon Instalment”) Provided that if the aggregate amount of the Loan drawndown hereunder drawn down by the Borrower is less than $156,800,000174,033,000, each of the repayment instalments instalment and the Balloon Instalment shall be reduced pro rata by an amount in aggregate equal to the such undrawn balanceamount.

Appears in 2 contracts

Samples: Loan Agreement (GasLog Ltd.), Loan Agreement (GasLog Ltd.)

Amount of repayment instalments. The Borrower shall repay the Loan by 20 consecutive quarterly instalments each equal consecutive semi-annual instalments of to $4,250,000 each 2,036,764.71 and by a balloon instalment of $71,800,000 (equal to the “Balloon Instalment”) Provided that if the amount balance of the Loan drawndown hereunder is less than $156,800,000, each of the repayment instalments and the Balloon Instalment shall be reduced pro rata by an amount in aggregate equal to the undrawn balanceat that time.

Appears in 2 contracts

Samples: Amending and Restating Agreement (GasLog Partners LP), Amending and Restating Agreement

Amount of repayment instalments. The Borrower shall repay each Advance by: (a) 20 consecutive 6-monthly instalments in the Loan by 20 equal consecutive semi-annual instalments amount of $4,250,000 each and by 1,000,000 each; and (b) together with the twentieth such instalment, a balloon instalment in the amount of $71,800,000 (7,500,000 each a “Balloon Instalment” and, together, the “Balloon InstalmentInstalments”) Provided that if the amount of the Loan either Advance drawndown hereunder is less than $156,800,00027,500,000, each of then the repayment instalments and the relevant Balloon Instalment and each repayment instalment applicable to that Advance shall be reduced pro rata by an amount in aggregate equal to the such undrawn balanceamount.

Appears in 1 contract

Samples: Loan Agreement (Tsakos Energy Navigation LTD)

Amount of repayment instalments. The Borrower shall repay the Loan by 20 32 equal consecutive semi-annual quarterly instalments of $4,250,000 992,500 each and by together with a balloon instalment of $71,800,000 (35,740,000 payable simultaneously with the “Balloon Instalment”) Provided that if the amount of the Loan drawndown hereunder is less than $156,800,000, each of the repayment instalments and the Balloon Instalment shall be reduced pro rata by an amount in aggregate equal to the undrawn balancefinal instalment.

Appears in 1 contract

Samples: Loan Agreement (Euronav NV)

Amount of repayment instalments. The Borrower shall repay the Loan by 20 by: (a) 40 equal consecutive semithree-annual monthly instalments of $4,250,000 each and by 497,650, each; and (b) a balloon instalment of $71,800,000 13,270,250 (the “Balloon Instalment”) ), Provided that if the principal amount of the Loan drawndown hereunder drawn down by the Borrower is less than $156,800,000, 33,176,250 each of the repayment instalments instalment and the Balloon Instalment shall be reduced pro rata by an amount in aggregate equal to the such undrawn balanceamount.

Appears in 1 contract

Samples: Loan Agreement (Omega Navigation Enterprises, Inc.)

Amount of repayment instalments. The Borrower shall repay the Loan by 20 32 equal consecutive semi-annual quarterly instalments of $4,250,000 2,500,000 each and by a balloon instalment of $71,800,000 100,000,000 (the “Balloon Instalment”) Provided that if the amount of the Loan drawndown hereunder is less than $156,800,000180,000,000, each of the repayment instalments and the Balloon Instalment shall be reduced pro rata by an amount in aggregate equal to the undrawn balance.

Appears in 1 contract

Samples: Loan Agreement (Danaos Corp)

Amount of repayment instalments. The Borrower shall repay the Loan by 20 equal consecutive semi-annual instalments of $4,250,000 8,800,000 each and by a balloon instalment of $71,800,000 123,000,000 (the “Balloon Instalment”) Provided that if the amount of the Loan drawndown hereunder is less than $156,800,000299,000,000, each of the repayment instalments and the Balloon Instalment shall be reduced pro rata by an amount in aggregate equal to the undrawn balance.

Appears in 1 contract

Samples: Loan Agreement (Danaos Corp)

Amount of repayment instalments. The Borrower Borrowers shall repay the Loan by 20 equal Loan: (a) 12 consecutive semi-annual instalments quarterly instalments, in the amount of $4,250,000 700,000 each (each a "Repayment Instalment" and by together, the "Repayment Instalments"); and (b) together with the twelfth Repayment Instalment, a balloon instalment in the amount of $71,800,000 6,600,000 (the "Balloon Instalment”) "), Provided that if the amount of the Loan drawndown hereunder drawn down is less than $156,800,00015,000,000, each of the repayment instalments Repayment Instalments and the Balloon Instalment shall will be reduced pro rata by an amount in aggregate equal to the undrawn balanceamount of the Loan.

Appears in 1 contract

Samples: Loan Agreement (EuroDry Ltd.)

Amount of repayment instalments. The Borrower shall repay the Loan by 20 28 equal consecutive semi-annual quarterly instalments of $4,250,000 4,000,000 each and by a balloon instalment of $71,800,000 109,600,000 (the “Balloon Instalment”) Provided that if the amount of the Loan drawndown hereunder is less than $156,800,000221,600,000, each of the repayment instalments and the Balloon Instalment shall be reduced pro rata by an amount in aggregate equal to the undrawn balance.

Appears in 1 contract

Samples: Loan Agreement (Danaos Corp)

Amount of repayment instalments. The Borrower Borrowers shall repay the Loan by 20 by: (a) 12 equal consecutive semi-annual quarterly instalments (each a “Repayment Instalment” and together, the “Repayment Instalments”) each in the amount of $4,250,000 each and by 2,750,000 each; and (b) a balloon instalment in the amount of up to $71,800,000 29,400,000 (the “Balloon Instalment”) Provided ), provided that if the amount of the Loan drawndown hereunder actually drawn down is less than $156,800,000, 62,400,000 each of the repayment instalments Repayment Instalment and the Balloon Instalment shall be reduced pro rata by an amount in aggregate equal to the undrawn balanceamount.

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Partners L.P.)

Amount of repayment instalments. The Borrower Borrowers shall repay the Loan by 20 by: 12 equal consecutive semi-annual instalments in the amount of $4,250,000 2,000,000 each (each a “Repayment Instalment” and, together, the “Repayment Instalments”); and by a balloon instalment in the amount of $71,800,000 20,000,000 (the “Balloon Instalment”) ), Provided that if the amount of the Loan drawndown hereunder drawn down under this Agreement is less than $156,800,00044,000,000, each of the repayment instalments Repayment Instalment and the Balloon Instalment shall be reduced pro rata by an amount in aggregate equal to the undrawn balanceamount.

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Acquisition CORP)

Amount of repayment instalments. The Borrower shall repay the Loan by by: (a) 20 equal consecutive semi6-annual monthly instalments in the amount of $4,250,000 each and by 775,000 each; and (b) together with the twentieth such instalment, a balloon instalment in the amount of $71,800,000 10,050,000 (the “Balloon Instalment”) Provided that if the amount of the Loan drawndown hereunder is less than $156,800,000, each of the repayment instalments and the Balloon Instalment shall be reduced pro rata by an amount in aggregate equal to the undrawn balance).

Appears in 1 contract

Samples: Loan Agreement (Tsakos Energy Navigation LTD)

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Amount of repayment instalments. The Borrower Borrowers shall repay the Loan by 20 by: (a) 12 equal consecutive semi-annual quarterly instalments (each a “Repayment Instalment” and together, the “Repayment Instalments”) each in the amount of $4,250,000 each and by 7,000,000 each; and (b) a balloon instalment in the amount of up to $71,800,000 23,600,000 (the “Balloon Instalment”) Provided ), provided that if the amount of the Loan drawndown hereunder actually drawn down is less than $156,800,000, 107,600,000 each of the repayment instalments Repayment Instalment and the Balloon Instalment shall be reduced pro rata by an amount in aggregate equal to the undrawn balanceamount.

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Partners L.P.)

Amount of repayment instalments. The Borrower shall repay the Loan by 20 equal by: (i) 24 consecutive semithree-annual monthly instalments (each a “Repayment Instalment”) each in the amount of $4,250,000 each and by 475,000; and (ii) a balloon instalment in the amount of $71,800,000 10,600,000 (the “Balloon Instalment”) ), Provided that if the amount of the Loan drawndown hereunder drawn down is less than $156,800,00022,000,000, each of the repayment instalments Repayment Instalment and the Balloon Instalment shall will be reduced pro rata by an amount in aggregate equal to the undrawn balancesuch shortfall.

Appears in 1 contract

Samples: Loan Agreement (Box Ships Inc.)

Amount of repayment instalments. The Borrower shall repay the Loan by 20 16 equal consecutive semi-annual instalments of $4,250,000 each and by a balloon instalment of $71,800,000 (the “Balloon Instalment”) of which the first 8 instalments shall be $1,700,000 each, the subsequent 8 instalments shall be $1,300,000 each and the Balloon Instalment shall be $19,000,000 Provided that if the amount of the Loan drawndown drawn down hereunder is less than $156,800,000, 43,000,000 each of the said repayment instalments and (including the Balloon Instalment Instalment) shall be reduced pro rata by an amount equal, in aggregate equal aggregate, to the such undrawn balanceamount.

Appears in 1 contract

Samples: Loan Agreement (StealthGas Inc.)

Amount of repayment instalments. The Borrower Borrowers shall repay the Loan by 20 each Tranche by: (a) 16 equal consecutive semi-annual quarterly instalments in the amount of $4,250,000 320,000 each and by (each a “Repayment Instalment”); and (b) a balloon instalment in the amount of $71,800,000 7,380,000 (the “Balloon Instalment”) Provided that if the amount drawn down in respect of the Loan drawndown hereunder a Tranche is less than $156,800,00012,500,000, each of the repayment instalments Repayment Instalments and the Balloon Instalment shall in respect of that Tranche will be reduced pro rata by an amount in aggregate equal to the undrawn balancesuch shortfall.

Appears in 1 contract

Samples: Amending and Restating Agreement (Poseidon Containers Holdings Corp.)

Amount of repayment instalments. The Borrower Borrowers shall repay the Loan by 20 equal (i) twenty (20) consecutive semi-annual quarterly instalments of $4,250,000 900,000 each and followed by (ii) a balloon instalment Balloon Instalment of $71,800,000 (12,000,000 payable together with the “Balloon Instalment”) last instalment Provided that if the amount of the Loan drawndown hereunder is less than $156,800,00030,000,000, the amount of each of the repayment instalments and instalment including the Balloon Instalment shall be reduced pro rata by an amount in aggregate equal to the such undrawn balanceamount.

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Partners L.P.)

Amount of repayment instalments. The Borrower shall repay the Loan by 20 equal by; (i) 24 consecutive semithree-annual monthly instalments (each a “Repayment Instalment”) each in the amount of $4,250,000 each and by 475,000; and (ii) a balloon instalment in the amount of $71,800,000 10,600,000 (the “Balloon Instalment”) ), Provided that if the amount of the Loan drawndown hereunder drawn down is less than $156,800,00022,000,000, each of the repayment instalments Repayment Instalment and the Balloon Instalment shall will be reduced pro rata by an amount in aggregate equal to the undrawn balancesuch shortfall.

Appears in 1 contract

Samples: Loan Agreement (Box Ships Inc.)

Amount of repayment instalments. The Except as otherwise repaid or prepaid, the Borrower shall repay the Loan by 20 by: (a) 28 equal consecutive semithree-annual monthly instalments of $4,250,000 each and by 375,000 each; and (b) a balloon instalment of $71,800,000 (the “Balloon Instalment”) Provided that if the amount of the Loan drawndown hereunder is less than $156,800,000, each of the repayment instalments and the Balloon Instalment shall be reduced pro rata by an amount in aggregate equal to the undrawn balance13,500,000.

Appears in 1 contract

Samples: Third Supplemental Agreement (Paragon Shipping Inc.)

Amount of repayment instalments. The Borrower shall repay the Loan by by: (a) 20 equal consecutive semi6-annual monthly instalments in the amount of $4,250,000 each and by 812,500 each; and (b) together with the twentieth such instalment, a balloon instalment in the amount of $71,800,000 9,750,000 (the “Balloon Instalment”) Provided that if the amount of the Loan drawndown hereunder is less than $156,800,000, each of the repayment instalments and the Balloon Instalment shall be reduced pro rata by an amount in aggregate equal to the undrawn balance).

Appears in 1 contract

Samples: Loan Agreement (Tsakos Energy Navigation LTD)

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