Common use of Amount of repayment instalments Clause in Contracts

Amount of repayment instalments. The Borrowers shall repay each Tranche by 20 equal consecutive quarterly instalments of $1,562,500 each and by a final balloon instalment (a "Balloon Instalment") of $68,750,000 Provided that if the amount of either Tranche drawn down hereunder is less than $100,000,000 each of the said repayment instalments (including the relevant Balloon Instalment) in respect of that Tranche shall be reduced pro rata.

Appears in 1 contract

Samples: Loan Agreement (Dynagas LNG Partners LP)

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Amount of repayment instalments. The Borrowers shall repay each Tranche by 20 by: (a) 12 equal consecutive quarterly instalments in the amount of $1,562,500 each and by 625,000 each; and (b) a final balloon instalment in the amount of $5,000,000 (a the "Balloon Instalment") of $68,750,000 Provided that if the amount of either Tranche drawn down hereunder in respect of a Tranche is less than $100,000,000 each of 12,500,000, the said repayment instalments (including the relevant Balloon Instalment) in respect of that Tranche shall will be reduced pro ratarata by an amount in aggregate equal to such shortfall.

Appears in 1 contract

Samples: Loan Agreement (Box Ships Inc.)

Amount of repayment instalments. The Borrowers shall repay each Tranche by 20 40 equal consecutive quarterly instalments of $1,562,500 625,000 each and by together with a final balloon instalment (a "Balloon Instalment") of $68,750,000 Provided that if equal to the amount of either Tranche drawn down hereunder is less than $100,000,000 each of the said repayment instalments (including the relevant Balloon Instalment) in respect outstanding balance of that Tranche shall be reduced pro rataTranche.

Appears in 1 contract

Samples: Loan Agreement (Top Ships Inc.)

Amount of repayment instalments. (a) The Borrowers shall repay each Tranche by 20 equal twenty consecutive quarterly instalments repayment instalments, in an amount of $1,562,500 each and by 300,000 each, with the remainder of the Tranche then outstanding payable as a final balloon instalment on the Maturity Date. (a "Balloon Instalment"b) of $68,750,000 Provided that if In case the amount of either drawn under a Tranche drawn down hereunder is less than $100,000,000 the maximum amount available under this Agreement, each of quarterly repayment instalment and the said repayment instalments (including balloon instalment for the relevant Balloon InstalmentTranche referred to in (a) in respect of that Tranche above shall be reduced pro rata.

Appears in 1 contract

Samples: Loan Agreement (Scorpio Bulkers Inc.)

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Amount of repayment instalments. The Borrowers Borrower shall repay each Tranche by 20 8 equal consecutive quarterly instalments of $1,562,500 412,500 each and followed by a final balloon instalment (a "Balloon Instalment") equal consecutive quarterly instalments of $68,750,000 Provided that if 282,500 up to the Maturity Date whereupon the remainder of the Tranche then outstanding shall be repaid as a balloon instalment. If less than the maximum amount of either a Tranche drawn down hereunder is less than $100,000,000 advanced, each of repayment instalment for that Tranche, excluding the said repayment instalments (including the relevant Balloon Instalment) in respect of that Tranche balloon instalment, shall be reduced pro ratarata by an amount in aggregate equal to the undrawn amount.

Appears in 1 contract

Samples: Loan Agreement (Scorpio Bulkers Inc.)

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