Common use of Application of partial prepayment Clause in Contracts

Application of partial prepayment. Each partial prepayment shall be applied pro-rata against the then outstanding repayment instalments referred to in Clause 7.1 and the Balloon Instalment.

Appears in 3 contracts

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

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Application of partial prepayment. Each partial prepayment shall shall, unless otherwise agreed by the Lender, be applied pro-pro rata against the then outstanding repayment instalments referred to in Clause 7.1 Repayment Instalments and the Balloon InstalmentInstalment specified in Clause 7.1.

Appears in 3 contracts

Samples: Agreement (Paragon Shipping Inc.), Loan Agreement (Box Ships Inc.), Loan Agreement (Box Ships Inc.)

Application of partial prepayment. Each partial prepayment made pursuant to Clauses 6.4 or 6.7 shall be applied pro-pro rata against the then outstanding repayment instalments referred to specified in Clause 7.1 and 6.1 outstanding at the time of the partial prepayment (including, without limitation, the Balloon Instalment).

Appears in 2 contracts

Samples: Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.)

Application of partial prepayment. Each partial prepayment made pursuant to Clause 8.4 and 8.8 shall be applied pro-pro rata against the then outstanding repayment instalments referred to in Clause 7.1 Repayment Instalments and the Balloon Instalment.

Appears in 1 contract

Samples: Loan Agreement (Diana Shipping Inc.)

Application of partial prepayment. Each partial prepayment shall shall, unless otherwise agreed by the Lender, be applied pro-pro rata against the then outstanding repayment instalments referred to in Clause 7.1 and the Balloon InstalmentInstalment for the Advance to which that prepayment relates.

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

Application of partial prepayment. Each partial prepayment shall be applied pro-rata against the then outstanding repayment instalments referred to specified in Clause 7.1 and 8.1 (including the Balloon Instalmentballoon payment) on a pro rata basis.

Appears in 1 contract

Samples: Loan Agreement (Euroseas Ltd.)

Application of partial prepayment. Each partial prepayment shall be applied pro-pro rata first against the then outstanding repayment instalments referred to in Clause 7.1 Repayment Instalments and thereafter against the Balloon Instalmentballoon instalment.

Appears in 1 contract

Samples: Loan Agreement (Diana Shipping Inc.)

Application of partial prepayment. Each partial prepayment made pursuant to Clauses 7.4 or 7.7 shall be applied pro-pro rata against the then outstanding repayment instalments referred to specified in Clause 7.1 and outstanding at the time of the partial prepayment (including in the case of Tranche A, without limitation, the relevant Balloon Instalment).

Appears in 1 contract

Samples: Agreement (DryShips Inc.)

Application of partial prepayment. Each partial prepayment shall be applied pro-rata against the then outstanding repayment instalments referred to specified in Clause 7.1 8.1 (Amount of repayment instalments) and the Balloon InstalmentAmount for the relevant Advance or Advances on a pro rata basis.

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

Application of partial prepayment. Each partial prepayment shall be applied pro-rata against the then outstanding repayment instalments referred to specified in Clause 7.1 8.1 and the Balloon InstalmentAmount for the relevant Advance or Advances on a pro rata basis.

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

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Application of partial prepayment. Each partial prepayment made pursuant to Clause 7.4 or any other provisions of this Agreement, shall be applied pro-pro rata against the then outstanding repayment instalments referred to (including the balloon payment) specified in Clause 7.1 and the Balloon Instalment7.1.

Appears in 1 contract

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

Application of partial prepayment. Each voluntary partial prepayment shall be applied pro-pro rata against the then outstanding repayment instalments referred to for the relevant Tranche specified in Clause 7.1 and 7.1, including the Balloon Instalmentballoon instalment.

Appears in 1 contract

Samples: Loan Agreement (Scorpio Bulkers Inc.)

Application of partial prepayment. Each partial prepayment shall be applied pro-pro rata against the then outstanding repayment instalments referred to in Clause 7.1 Repayment Instalments and the Balloon InstalmentInstalment specified in Clause 7.1.

Appears in 1 contract

Samples: Loan Agreement (EuroDry Ltd.)

Application of partial prepayment. Each partial prepayment made pursuant to Clauses 7.4 or 7.7 shall be applied pro-pro rata against the then outstanding repayment instalments referred to specified in Clause 7.1 and outstanding at the time of the partial prepayment (including, without limitation, the Balloon Instalment).

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

Application of partial prepayment. Each partial prepayment made pursuant to Clause 8.4 and 8.8 shall be applied pro-pro rata against the then outstanding repayment instalments referred to in Clause 7.1 Repayment Instalments and the Balloon InstalmentInstalment or in such other order as the Agent may, in its absolute discretion, determine.

Appears in 1 contract

Samples: Loan Agreement (Diana Shipping Inc.)

Application of partial prepayment. Each partial prepayment made pursuant to Clauses 7.4 or 7.7 shall be applied pro-pro rata against the then outstanding repayment instalments referred to specified in Clause 7.1 and outstanding at the time of the partial prepayment (including, without limitation, the relevant Balloon Instalment).

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

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