Application of partial prepayment. Each partial prepayment shall be applied pro rata against each Tranche and, as regards each Tranche, first against the balloon instalment and then against the scheduled repayment instalments specified in Clause 8.1 in inverse order of maturity.
Appears in 2 contracts
Samples: Agreement (Scorpio Bulkers Inc.), Loan Agreement (Scorpio Bulkers Inc.)
Application of partial prepayment. Each partial prepayment of a Tranche shall be applied pro rata against each Tranche and, as regards each Tranche, first against the repayment instalments and the balloon instalment and then against the scheduled repayment instalments both specified in Clause 8.1 in inverse order of maturityfor that Tranche.
Appears in 1 contract
Samples: Loan Agreement (Top Ships Inc.)
Application of partial prepayment. Each partial prepayment shall be applied pro rata against each Tranche and, as regards each Tranche, first and then pro rata against the balloon instalment and then against the scheduled repayment instalments (including the balloon) specified in Clause 8.1 in inverse order of maturity.
Appears in 1 contract
Samples: Loan Agreement (Euronav NV)
Application of partial prepayment. Each partial prepayment shall be applied pro rata against each Tranche between the Tranches and, as regards each Tranche, first pro rata against the balloon instalment and then against the scheduled repayment instalments for the relevant Tranche specified in Clause 8.1 in inverse order of maturity8.1, including the Balloon Instalment.
Appears in 1 contract
Application of partial prepayment. Each partial prepayment shall be applied pro rata against each Tranche; and for each Tranche andso applied, as regards each Tranche, first against the balloon instalment and then against the scheduled repayment instalments specified in Clause 8.1 in inverse order of maturityon a pro-rata basis.
Appears in 1 contract
Samples: Loan Agreement (GasLog Ltd.)
