Application of partial prepayment. Each partial prepayment shall be applied first against the balloon and then against the repayment instalments specified in Clause 8.1 in inverse order of maturity.
Appears in 2 contracts
Samples: Loan Agreement (Euronav NV), Agreement (Euronav NV)
Application of partial prepayment. Each partial prepayment shall be applied first against the balloon and then against the repayment instalments (including the balloon instalment) of the relevant Tranche specified in Clause 8.1 in inverse order of maturity.
Appears in 2 contracts
Samples: Agreement (NewLead Holdings Ltd.), Agreement (NewLead Holdings Ltd.)
Application of partial prepayment. Each partial prepayment shall be applied first firstly against the balloon Balloon Instalment and then thereafter against the repayment instalments specified in Clause 8.1 7.1(a) in inverse order of maturity.
Appears in 2 contracts
Samples: Loan Agreement (Tsakos Energy Navigation LTD), Loan Agreement (Tsakos Energy Navigation LTD)
Application of partial prepayment. Each partial prepayment shall be applied first against the balloon and then against the repayment instalments specified in Clause 8.1 (including the “balloon” instalment) in inverse order of maturity.
Appears in 1 contract
