Reduction of Repayment Instalments. If the aggregate amount advanced to the Borrower is less than the Maximum Loan Amount, the amount of each Repayment Instalment shall be reduced pro rata to the amount actually advanced.
Appears in 5 contracts
Samples: Secured Loan Agreement (Paragon Shipping Inc.), Secured Loan Agreement (DryShips Inc.), Secured Loan Agreement (Top Ships Inc.)
Reduction of Repayment Instalments. If the aggregate amount advanced to the Borrower Borrowers is less than the Maximum Loan Amount, the amount of each Repayment Instalment Instalment, including the Balloon Amount, shall be reduced pro rata to the amount actually advanced.
Appears in 3 contracts
Samples: Secured Term Loan Facility Agreement, Secured Term Loan Facility Agreement (Teekay LNG Partners L.P.), Secured Term Loan Facility Agreement (Teekay LNG Partners L.P.)
Reduction of Repayment Instalments. If the aggregate amount advanced to the Borrower Borrowers is less than the Maximum Loan Amount, the amount of each Repayment Instalment shall be reduced pro rata to the amount actually advanced.
Appears in 3 contracts
Samples: Loan Agreement (Diana Shipping Inc.), Loan Facility Agreement (Mc Shipping Inc), Secured Loan Facility Agreement (Euroseas Ltd.)
Reduction of Repayment Instalments. If the aggregate amount advanced to the Borrower is less than the Maximum Loan Amount, the amount of each Repayment Instalment shall be reduced pro rata to the amount actually advanced.
Appears in 2 contracts
Samples: Secured Term Loan Facility Agreement (Teekay Tankers Ltd.), Secured Credit Facility (Teekay Offshore Partners L.P.)
Reduction of Repayment Instalments. If the aggregate amount advanced to the Borrower is less than the Maximum Loan Amount, the amount of each Repayment Instalment and the relevant Balloon Amount shall be reduced pro rata to the amount actually advanced.
Appears in 2 contracts
Samples: Secured Loan Agreement (Teekay LNG Partners L.P.), Secured Loan Agreement (Teekay LNG Partners L.P.)
Reduction of Repayment Instalments. If the aggregate amount advanced to the Borrower Borrowers is less than the Maximum Loan Amount, the amount of each Repayment Instalment Instalment, including the Balloon, shall be reduced pro rata to the amount actually advanced.
Appears in 2 contracts
Samples: Loan Agreement (Danaos Corp), Secured Loan Agreement (Danaos Corp)
Reduction of Repayment Instalments. If the aggregate amount of the Loan advanced to the Borrower is less than the Maximum Loan Amount, the amount of each the Repayment Instalment Instalments shall be reduced pro rata to the amount actually advancedrata.
Appears in 1 contract
Reduction of Repayment Instalments. If the aggregate amount advanced to the Borrower Borrowers in respect of the Loan is less than the Maximum Loan Amount, the amount of each Repayment Instalment and the Balloon Amount in respect of the Loan shall be reduced pro rata to the amount actually advanced.
Appears in 1 contract
Reduction of Repayment Instalments. If the aggregate amount of the Loan advanced to the Borrower is less than the Maximum Loan Amount, the amount of each Repayment Instalment and the Balloon Amount shall be reduced pro rata to the amount actually advanced.
Appears in 1 contract
Reduction of Repayment Instalments. If the aggregate amount of the Facility advanced to the Borrower is less than the Maximum Loan Amount, the amount of each the Repayment Instalment Instalments shall be reduced pro rata to the amount actually advancedrata.
Appears in 1 contract
Reduction of Repayment Instalments. If the aggregate amount advanced to the Borrower Borrowers is less than the Maximum Loan Amount, the amount of each Repayment Instalment and the Balloon Amount for the relevant Tranche shall be reduced pro rata to the amount actually advanced.
Appears in 1 contract
Samples: Secured Credit Facility (Teekay Offshore Partners L.P.)
