Reduction of Repayment Instalments. If any part of the Facility is cancelled, the Repayment Instalments (including the Balloon Instalments) falling after that cancellation shall be reduced pro rata by the amount cancelled.
Appears in 2 contracts
Samples: Facility Agreement (Seanergy Maritime Holdings Corp.), Facility Agreement (Seanergy Maritime Holdings Corp.)
Reduction of Repayment Instalments. If any part of the Facility is cancelled, the Repayment Instalments (including the Balloon Instalments) falling after that cancellation cancellation, starting with the balloon instalment, shall be reduced pro rata in inverse chronological order by the amount cancelled.
Appears in 2 contracts
Samples: Assignment Agreement (Grindrod Shipping Holdings Ltd.), Facility Agreement (Grindrod Shipping Holdings Pte. Ltd.)
