Application of partial prepayment. Each partial prepayment shall be applied in inverse order of maturity against the repayment instalments (including the Balloon Instalment) which are outstanding at the relevant time.
Appears in 3 contracts
Samples: Amending and Restating Agreement (Star Bulk Carriers Corp.), Loan Agreement (Star Cosmo Llc.), Loan Agreement (Star Bulk Carriers Corp.)
Application of partial prepayment. Each partial prepayment shall be applied first against the balloon instalment of the relevant Tranche being prepaid and thereafter against the then outstanding repayment instalments of that Tranche in inverse order of maturity against the repayment instalments (including the Balloon Instalment) which are outstanding at the relevant timematurity.
Appears in 1 contract
Samples: Loan Agreement (Diana Shipping Inc.)
Application of partial prepayment. Each partial prepayment shall be applied in inverse order of maturity against the repayment instalments (including first in reducing the Balloon Instalment) Instalment and thereafter against each of the Repayment Instalments specified in Clause 7.1 which are outstanding at the relevant time.
Appears in 1 contract
Samples: Loan Agreement (Euroseas Ltd.)
