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 $20,000,000, the amount of each Repayment Instalment shall be reduced pro rata to the amount actually advanced.

Appears in 2 contracts

Samples: Secured Loan Agreement, Secured Loan Agreement (HC2 Holdings, Inc.)

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Reduction of Repayment Instalments. If the aggregate amount advanced to the Borrower is less than sixteen million eight hundred thousand Dollars ($20,000,00016,800,000), the amount of each Repayment Instalment shall be reduced pro rata to the amount actually advanced.

Appears in 2 contracts

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

Reduction of Repayment Instalments. If the aggregate amount advanced to the Borrower is less than fifty two million seven hundred and three thousand Dollars ($20,000,00052,703,000), the amount of each Repayment Instalment shall be reduced pro rata to the amount actually advanced.

Appears in 1 contract

Samples: Secured Loan Agreement (Poseidon Containers Holdings Corp.)

Reduction of Repayment Instalments. If the aggregate amount advanced to the Borrower is less than $20,000,00031,500,000, the amount of each Repayment Instalment shall be reduced pro rata to the amount actually advanced.

Appears in 1 contract

Samples: Secured Loan Agreement (Poseidon Containers Holdings Corp.)

Reduction of Repayment Instalments. If the aggregate amount advanced to the Borrower Borrowers is less than forty five million Dollars ($20,000,00045,000,000), the amount of each Repayment Instalment shall be reduced pro rata to the amount actually advanced.

Appears in 1 contract

Samples: Loan Facility Agreement (Mc Shipping Inc)

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Reduction of Repayment Instalments. If the aggregate amount advanced to the Borrower is less than $20,000,0004,500,000, the amount of each Repayment Instalment (including the Balloon) shall be reduced pro rata to the amount actually advanced.

Appears in 1 contract

Samples: Secured Loan Agreement (EuroDry Ltd.)

Reduction of Repayment Instalments. If the aggregate amount advanced to the Borrower Borrowers under a Tranche is less than fifteen million Dollars ($20,000,00015,000,000), the amount of each Repayment Instalment (including the Balloon) in respect of that Tranche shall be reduced pro rata to the amount actually advanced.

Appears in 1 contract

Samples: Secured Loan Agreement (Diana Shipping Inc.)

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