Repayment Instalments. The Borrowers shall repay:
Repayment Instalments. The Borrower shall repay the Loan by (a) 24 consecutive three-monthly instalments of (i) in the case of the first to fourth instalments (inclusive), in the amount of $1,500,000 each, (ii) in the case of the fifth to eighth instalments (inclusive), in the amount of $1,250,000 each, (iii) in the case of the ninth to twelfth instalments (inclusive), in the amount of $875,000 each and (iv) in the case of the thirteenth to twenty forth instalments (inclusive), in the amount of $500,000 each and (b) a balloon payment in the amount of $14,500,000 (the “Balloon Instalment”) Provided that if the Loan is drawdown in less than the maximum available amount thereof, each repayment instalment (including the Balloon Instalment) shall be reduced pro rata by an amount in aggregate equal to such undrawn amount.
Repayment Instalments. Loan A Loan A shall be repaid by (i) 20 quarterly instalments each of $417,500 and (ii) a balloon instalment of $16,650,000 payable simultaneously with the last such quarterly instalment commencing with a first such quarterly instalment to be paid on the date falling three months after the Drawdown Date of the Loan A Delivery Advance and thereafter at three monthly intervals Provided that in the event such Loan is not drawndown in full such repayment instalments shall be reduced pro-rata and provided further that any repayment instalments in respect of such Loan due to be repaid on or before 1 January 2010 shall be prepaid on the Drawdown Date of the Loan A Delivery Advance. Loan B Loan B will be repaid by (i) 20 quarterly instalments each of $417,500 and (ii) a balloon instalment of $16,650,000 payable simultaneously with the last such quarterly instalment commencing with a first such quarterly instalment to be paid on the date falling three months after the Drawdown Date of the Loan B Delivery Advance and thereafter at three monthly intervals Provided that in the event such Loan is not drawndown in full such repayment instalments shall be reduced pro-rata. Loan C Loan C will be repaid by (i) 20 quarterly instalments each of $417,500 and (ii) a balloon instalment of $16,650,000 payable simultaneously with the last such quarterly instalment commencing with a first such quarterly instalment to be paid on the date falling three months after the Drawdown Date of the Loan C Delivery Advance and thereafter at three monthly intervals Provided that in the event such Loan is not drawndown in full such repayment instalments shall be reduced pro-rata. Loan D Loan D will be repaid by (i) 20 quarterly instalments each of $417,500 and (ii) a balloon instalment of $16,650,000 payable simultaneously with the last such quarterly instalment commencing with a first such quarterly instalment to be paid on the date falling three months after the Drawdown Date of the Loan D Delivery Advance and thereafter at three monthly intervals Provided that in the event such Loan is not drawndown in full such repayment instalments shall be reduced pro-rata.
Repayment Instalments. Save as repaid or prepaid prior to the date of this Amending and Restating Agreement, the Borrower shall repay the Loan by (a) 24 consecutive three-monthly instalments of (i) in the case of the first instalment in the amount of $7,000,000, (ii) in the case of the second to fifth instalments (inclusive), in the amount of $10,500,000 each, (iii) in the case of the sixth to eighth instalments (inclusive), in the amount of $8,800,000 each, (iv) in the case of the ninth to fourteenth instalments (inclusive), in the amount of $4,400,000 each, (v) in the case of the fifteenth to twenty-fourth instalments (inclusive), in the amount of $2,700,000 each and (b) a balloon payment in the amount of $21,200,000 (the “Balloon Instalment”) Provided that if the Loan is drawdown in less than the maximum available amount thereof, each repayment instalment (including the Balloon Instalment) shall be reduced pro rata by an amount in aggregate equal to such undrawn amount.
Repayment Instalments. The Borrower shall repay the Loan on each Repayment Date set out in the table below in an amount equal to:
Repayment Instalments. 1.1.1 The loan will be repaid by the Borrower together with the interest by the number of equal Monthly Instalments specified in the Letter of Offer on each Repayment Date (each of an amount notified to the Borrower by the Bank in writing from time to time in accordance with Clause 1.1.2) provided that the final instalment shall always be the balance of the Loan.
Repayment Instalments. The Borrower shall repay the Loan in installments by repaying on each Repayment Date an amount equal to 1/14th of the amount of the Loan as at close of business in New York on the last day of the Availability Period.
Repayment Instalments. The Borrower shall repay an amount equal to 85% of the Loan outstanding on the Charterparty Commencement Date after the capitalisation of interest on such date in accordance with Clause 5.2 together with the interest accruing on the Loan during the period of such repayments by means of eighty-four (84) equal payments, one such payment being payable on each Repayment Date in the amount of the Repayment Instalment (comprising a proportion of the principal of the Loan repayable on each such date and the interest element payable on each such date) specified in respect of such Repayment Date in the Repayment Schedule delivered by the Facility Agent pursuant to Clause 6.4. The Repayment Dates shall be the fifth day of the second month next following the month during which the Charterparty Commencement Date occurs and the 83 dates falling at consecutive monthly intervals thereafter.
Repayment Instalments. (b) Notwithstanding anything contained in Clause (a) hereinabove, the Lender may, at its discretion, appropriate such payments towards the dues, If any, payable by the Borrower in respect of any other facility(ies) availed of by the Borrower from the Lender in the order specified in the relative agreement(s). 2.12 Unless otherwise agreed to by the Lender, the Borrower’s right to request the Lender for any disbursement(drawdown) under the Facility in terms of this Agreement shall cease upon expiry of the period as provided in Schedule II, from the date of this Agreement, and the unutilised amount shall stand cancelled to that extent. 2.13 The obligations of the Borrower (whether financial, performance or otherwise) under this Agreement and/or any other Transaction Document, including, without limitation, the Secured Obligations, any increase as a result of devaluation /revaluation /fluctuation in the rates of exchange of foreign currency involved where applicable, payable by the Borrower in respect thereof shall be secured by the
Repayment Instalments. Save as previously repaid or prepaid, the Borrower shall repay the Loan by (i) 18 consecutive three monthly4 equal instalments in the amount of $1,337,160 each and (ii) a balloon payment of $20,880,76027,566,560 (the "Balloon Instalment") on the Repayment Dates referred to in Clause 6.2.
