Reduction of Repayment Instalments. If the aggregate amount advanced to the Borrower for a Tranche is less than the relevant Maximum Tranche Amount, then the amount of the Repayment Instalments relating to that Tranche shall be reduced pro rata to the amount actually advanced.
Appears in 2 contracts
Samples: Loan Facility Agreement (Usg Corp), Secured Loan Facility Agreement (Usg Corp)
Reduction of Repayment Instalments. If the aggregate amount advanced to the Borrower for Borrowers under a Tranche is less than the relevant Maximum Tranche Amount$29,220,000, then the amount of the each Repayment Instalments relating to Instalment in respect of that Tranche shall be reduced pro rata to the amount actually advanced.
Appears in 1 contract
Reduction of Repayment Instalments. If the aggregate amount advanced to the Borrower for in relation to a Tranche is less than the relevant Maximum Tranche AmountSum, then the amount of the each Repayment Instalments relating to Instalment in respect of that Tranche shall be reduced pro rata to the amount actually advanced.
Appears in 1 contract
Samples: Third Supplemental Agreement to Secured Loan Facility Agreement (Genco Shipping & Trading LTD)
Reduction of Repayment Instalments. If the aggregate amount advanced to the Borrower for a Tranche is less than the relevant Maximum Tranche Loan Amount, then the amount of each Repayment Instalment for each Tranche and the Repayment Instalments relating to that relevant Balloon Amount for such Tranche shall be reduced pro rata to the amount actually advanced.
Appears in 1 contract
Samples: Loan Agreement
