Application of partial prepayment. Each partial prepayment made pursuant to Clauses 6.4 or 6.7 shall be applied pro rata against the repayment instalments specified in Clause 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 Clauses 6.4 or 6.7 Clause 8.4 and 8.8 shall be applied pro rata against the repayment instalments specified in Clause 6.1 then outstanding at the time of the partial prepayment (including, without limitation, Repayment Instalments and the Balloon Instalment)Instalment 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 Other than in the case of mandatory prepayment made pursuant to Clauses 6.4 or 6.7 Clause 7.7 which shall be applied pro rata in the manner described in Clause 7.7 each partial prepayment shall be applied against the repayment instalments specified in Clause 6.1 outstanding at the time 7.1 in inverse order of the partial prepayment (including, without limitation, the Balloon Instalment)maturity and pro rata each Advance.
Appears in 1 contract
Samples: Agreement (TBS International LTD)
Application of partial prepayment. Each partial prepayment made pursuant to Clauses 6.4 or 6.7 Clause 8.4 and 8.8 shall be applied pro rata against the repayment instalments specified in Clause 6.1 then outstanding at the time of the partial prepayment (including, without limitation, Repayment Instalments and the Balloon Instalment).
Appears in 1 contract
Samples: Loan Agreement (Diana Shipping Inc.)
Application of partial prepayment. Each partial prepayment made pursuant to Clauses 6.4 7.4 or 6.7 7.7 shall be applied pro rata against the repayment instalments specified in Clause 6.1 7.1 outstanding at the time of the partial prepayment (includingincluding 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 made pursuant to Clauses 6.4 Clause 7.4 or 6.7 any other provisions of this Agreement, shall be applied pro rata against the repayment instalments (including the balloon payment) specified in Clause 6.1 outstanding at the time of the partial prepayment (including, without limitation, the Balloon Instalment)7.1.
Appears in 1 contract
Samples: Loan Agreement (Omega Navigation Enterprises, Inc.)
Application of partial prepayment. Each partial prepayment made pursuant to Clauses 6.4 7.4 or 6.7 7.7 shall be applied pro rata against the repayment instalments specified in Clause 6.1 7.1 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 Clauses 6.4 7.4 or 6.7 7.7 shall be applied pro rata against the repayment instalments specified in Clause 6.1 7.1 outstanding at the time of the partial prepayment (including, without limitation, the relevant Balloon Instalment).
Appears in 1 contract
Samples: Loan Agreement (DryShips Inc.)