Common use of Amount of repayment instalments Clause in Contracts

Amount of repayment instalments. The Borrower shall repay the Maximum Facility Amount by twenty eight (28) consecutive equal quarterly instalments, the first twelve (12) instalments in the amount of seven hundred thousand Dollars ($700,000) each, followed by sixteen (16) instalments in the amount of four hundred fifty thousand Dollars ($450,000) each and by a balloon payment of ten million four hundred thousand Dollars ($10,400,000) (the “Balloon Instalment”).

Appears in 1 contract

Samples: Loan Agreement (Euroseas Ltd.)

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Amount of repayment instalments. The Borrower Borrowers shall repay the Maximum Facility Amount maximum amount of each Advance by twenty eight four (2824) consecutive equal quarterly instalments, the first twelve (12) instalments each being in the amount of seven hundred thousand Dollars ($700,000) each, followed by sixteen (16) instalments in the amount of four two hundred fifty thousand Dollars ($450,000) each and 250,000), followed by a balloon payment of ten five million four hundred thousand Dollars ($10,400,0005,000,000) (the “Balloon Instalment”).

Appears in 1 contract

Samples: Loan Agreement (EuroDry Ltd.)

Amount of repayment instalments. The Borrower Borrowers shall repay the Maximum Facility Amount Loan by twenty eight (28) consecutive equal quarterly instalments, the first twelve (12) instalments consecutive quarterly instalments, each of which shall be in the amount of seven Four hundred and sixty thousand Dollars ($700,000460,000) each, followed by sixteen (16) instalments in the amount of four hundred fifty thousand Dollars ($450,000) each and by a balloon payment of ten Eight million four nine hundred and eighty thousand Dollars ($10,400,000) (the “Balloon Instalment”8,980,000).

Appears in 1 contract

Samples: Loan Agreement (Euroseas Ltd.)

Amount of repayment instalments. The Borrower shall repay the Maximum Facility Amount Loan by twenty eight (28) consecutive equal quarterly instalments, the first twelve (12) instalments each of which shall be in the amount of seven two hundred and thirty five thousand Dollars ($700,000US$235,000) each, followed by sixteen (16) instalments in the amount of four hundred fifty thousand Dollars ($450,000) each and by a balloon payment of ten eight million four hundred twenty thousand Dollars ($10,400,000) (the “Balloon Instalment”US$8,420,000).

Appears in 1 contract

Samples: Loan Agreement (EuroDry Ltd.)

Amount of repayment instalments. The Borrower shall repay the Maximum Facility Amount each Advance by twenty eight (28) 40 consecutive equal quarterly instalments, the first twelve (12) instalments in the amount of seven hundred thousand Dollars ($700,000) each, followed by sixteen (16) instalments in the amount of four hundred fifty thousand Dollars ($450,000) 400,000 each and by a balloon payment of ten million four hundred thousand Dollars ($10,400,000) instalment (the "Balloon Instalment") of $8,000,000).

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

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Amount of repayment instalments. The Borrower shall repay the Maximum Facility Amount by twenty eight four (2824) consecutive equal quarterly instalments, the first twelve (12) instalments each being in the amount of seven hundred thousand Dollars ($700,000) each, followed by sixteen (16) instalments in the amount of four two hundred fifty thousand Dollars ($450,000) each and 250,000), followed by a balloon payment of ten four million four five hundred thousand Dollars ($10,400,0004,500,000) (the “Balloon Instalment”).

Appears in 1 contract

Samples: Loan Agreement (EuroDry Ltd.)

Amount of repayment instalments. The Borrower Borrowers shall repay the Maximum Facility Amount each Tranche by twenty eight forty (2840) equal consecutive equal quarterly instalments, the first twelve (12) instalments in the amount of Five hundred and six thousand seven hundred thousand and fifty Dollars ($700,000) each, followed by sixteen (16) instalments in the amount of four hundred fifty thousand Dollars ($450,000506,750) each and by a balloon payment of ten fourteen million four seven hundred and thirty thousand Dollars ($10,400,000) (the “Balloon Instalment”14,730,000).

Appears in 1 contract

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

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