Common use of Amount of repayment instalments Clause in Contracts

Amount of repayment instalments. The Borrower shall repay each Advance by (i) equal consecutive quarterly instalments each in an amount equal to one sixtieth (1/60th) of the relevant Advance and (ii) the Balloon Amount, as the same may from time to time be reduced in accordance with Clause 8.10 below.

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

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Amount of repayment instalments. The Borrower Borrowers shall repay each Advance by by: (ia) 20 equal consecutive quarterly semi-annual instalments each in an amount equal to one sixtieth of$230,000 each; and (1/60thb) a balloon instalment of $3,198,000 (the relevant Advance and (ii) the "Balloon Amount, as the same may from time to time be reduced in accordance with Clause 8.10 belowInstalment")."

Appears in 1 contract

Samples: Supplemental Agreement (Pyxis Tankers Inc.)

Amount of repayment instalments. The Borrower shall repay each Advance (other in relation to Hull 612) by (i) equal consecutive quarterly instalments each in an amount equal to one sixtieth (1/60th) of the relevant Advance and (ii) the Balloon Amount, as the same may from time to time be reduced in accordance with Clause 8.10 below.; and

Appears in 1 contract

Samples: Supplemental Agreement (Paragon Shipping Inc.)

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Amount of repayment instalments. The Borrower shall repay each Advance by Tranche by: (ia) equal 16 consecutive quarterly six-monthly instalments (each, a “Six-monthly Instalment”) each in an amount equal to one sixtieth X; and (1/60thb) of a balloon instalment in the relevant Advance and (ii) the Balloon Amount, as the same may from time amount equal to time be reduced in accordance with Y. In this Clause 8.10 below.8.1:

Appears in 1 contract

Samples: Loan Agreement (Costamare Partners LP)

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