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 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: Loan Agreement (GasLog Partners LP), Loan Agreement

Amount of repayment instalments. (a) The Borrower shall repay the Loan by 20 40 equal consecutive semithree-annual monthly instalments in the amount of $4,250,000 2,650,000 each and by a balloon instalment of $71,800,000 (the “Balloon Instalment”) Provided that if in 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.20,400,000;

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

Amount of repayment instalments. The Borrower shall repay the Loan each Advance by 20 equal 40 consecutive semi-annual quarterly instalments of $4,250,000 400,000 each and by a balloon instalment (the "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 balance8,000,000).

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

Amount of repayment instalments. The Borrower shall repay the Loan by 20 twenty eight (28) consecutive equal consecutive semi-annual instalments quarterly instalments, each of $4,250,000 each which shall be in the amount of two hundred and thirty five thousand Dollars (US$235,000) followed by a balloon instalment payment of $71,800,000 eight million four hundred twenty thousand Dollars (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 balanceUS$8,420,000).

Appears in 1 contract

Samples: Loan Agreement (EuroDry Ltd.)

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 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)

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Amount of repayment instalments. The Borrower Borrowers shall repay the Loan by 20 equal twelve (12) consecutive semi-annual instalments quarterly instalments, each of which shall be in the amount of Four hundred and sixty thousand Dollars ($4,250,000 each 460,000) and by a balloon instalment payment of Eight million nine hundred and eighty thousand Dollars ($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 balance8,980,000).

Appears in 1 contract

Samples: Loan Agreement (Euroseas 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 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)

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