Common use of Reduction of Repayment Instalments Clause in Contracts

Reduction of Repayment Instalments. If the aggregate amount advanced to the Borrower is less than sixteen million eight hundred thousand Dollars ($16,800,000), the amount of each Repayment Instalment shall be reduced pro rata to the amount actually advanced.

Appears in 2 contracts

Samples: Loan Agreement (Baltic Trading LTD), Loan Agreement (Baltic Trading LTD)

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Reduction of Repayment Instalments. If the aggregate amount advanced to the Borrower Borrowers in respect of a Tranche is less than sixteen thirty million eight six hundred thousand Dollars ($16,800,000), 30,600,000) the amount of each Repayment Instalment and the relevant Balloon Amount shall be reduced pro rata to the amount actually advanced.

Appears in 1 contract

Samples: Loan Agreement (Scorpio Tankers Inc.)

Reduction of Repayment Instalments. If the aggregate amount advanced to the Borrower is less than sixteen million eight hundred thousand Dollars ($16,800,000)4,500,000, the amount of each Repayment Instalment (including the Balloon) shall be reduced pro rata to the amount actually advanced.

Appears in 1 contract

Samples: EuroDry Ltd.

Reduction of Repayment Instalments. If the aggregate amount advanced to the Borrower is less than sixteen million eight hundred thousand Dollars ($16,800,000)19,800,000, the amount of each Repayment Instalment and the Balloon shall be reduced pro rata to the amount actually advanced.

Appears in 1 contract

Samples: Loan Agreement (Scorpio Bulkers Inc.)

Reduction of Repayment Instalments. If the aggregate amount advanced to the Borrower Borrowers is less than sixteen forty five million eight hundred thousand Dollars ($16,800,00045,000,000), the amount of each Repayment Instalment shall be reduced pro rata to the amount actually advanced.

Appears in 1 contract

Samples: Loan Agreement (Mc Shipping Inc)

Reduction of Repayment Instalments. If the aggregate amount advanced to the Borrower is less than sixteen fifty two million eight seven hundred and three thousand Dollars ($16,800,00052,703,000), the amount of each Repayment Instalment shall be reduced pro rata to the amount actually advanced.

Appears in 1 contract

Samples: Poseidon Containers Holdings Corp.

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Reduction of Repayment Instalments. If the aggregate amount advanced to the Borrower Borrowers is less than sixteen twenty two million eight hundred thousand Dollars ($16,800,00022,000,000), the amount of each Repayment Instalment shall be reduced pro rata to the amount actually advanced. Both Drawings shall be advanced within a period of one (1) month from each other otherwise the Repayment Instalments and the Repayment Dates shall be adjusted by the Agent in its discretion.

Appears in 1 contract

Samples: Loan Agreement (Baltic Trading LTD)

Reduction of Repayment Instalments. If the aggregate amount advanced to the Borrower Borrowers is less than sixteen nineteen million eight two hundred and fifty thousand Dollars dollars ($16,800,000), 19,250,000) the amount of each Repayment Instalment (including the Balloon) shall be reduced pro rata to the amount actually advanced.

Appears in 1 contract

Samples: Loan Agreement (Euroseas Ltd.)

Reduction of Repayment Instalments. If the aggregate amount advanced to the Borrower is less than sixteen million eight hundred thousand Dollars ($16,800,000)31,500,000, the amount of each Repayment Instalment shall be reduced pro rata to the amount actually advanced.

Appears in 1 contract

Samples: Loan Agreement (Poseidon Containers Holdings Corp.)

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