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: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Top Ships Inc.), Loan Agreement (DryShips 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 shall be reduced pro rata to the amount actually advanced.
Appears in 3 contracts
Samples: Loan Agreement (Diana Shipping Inc.), Loan Agreement (Mc Shipping Inc), Loan Agreement (Euroseas Ltd.)
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: Loan Agreement, Loan Agreement (Teekay LNG Partners L.P.), Teekay LNG Partners L.P.
Reduction of Repayment Instalments. If the aggregate amount advanced to the Borrower is less than the Maximum Loan Amount$20,000,000, the amount of each Repayment Instalment shall be reduced pro rata to the amount actually advanced.
Appears in 2 contracts
Samples: Loan Agreement, Facility Agreement (HC2 Holdings, Inc.)
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: Loan Agreement (Teekay Tankers Ltd.), Loan Agreement (Teekay Offshore 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), Loan Agreement (Danaos Corp)
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
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 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 is less than the Maximum Loan Amount, the amount of each Repayment Instalment for each Tranche and the relevant Balloon Amount for such Tranche shall be reduced pro rata to the amount actually advanced.
Appears in 1 contract
Samples: www.lw.com
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
Samples: Performance Shipping Inc.
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
Samples: Loan Agreement (DHT Holdings, 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 and the Balloon Amount for the relevant Tranche shall be reduced pro rata to the amount actually advanced.
Appears in 1 contract
Samples: Teekay Offshore Partners L.P.
