Common use of Scheduled repayment of Facility Clause in Contracts

Scheduled repayment of Facility. 6.2 To the extent not previously reduced, the Loan shall be repaid by instalments on each Repayment Date by two million one hundred and eighty seven thousand five hundred dollars ($2,187,500) (as revised by clause 6.3). The Borrowers shall pay the amount of the Loan outstanding on the Final Repayment Date.

Appears in 2 contracts

Samples: Facility Agreement, Facility Agreement (Teekay LNG Partners L.P.)

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Scheduled repayment of Facility. 6.2 To the extent not previously reduced, the Loan shall be repaid by instalments on each Repayment Date by two million one hundred and eighty seven thousand five hundred dollars ($2,187,500) the amount specified below (as revised by clause 6.3). The Borrowers shall pay the amount ): Repayment Date Amount $ First to Thirty first 2,890,625 Thirty second and Final Repayment Date 70,390,625 (comprising an instalment payment of the Loan outstanding on $2,890,625 and a balloon payment of $67,500,000) TOTAL 160,000,000 On the Final Repayment DateDate (without prejudice to any other provision of this Agreement), the Loan shall be repaid in full.

Appears in 1 contract

Samples: www.lw.com

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Scheduled repayment of Facility. 6.2 To the extent not previously reduced, the Loan shall be repaid by instalments twenty (20) instalments, one payable on each Repayment Date by two million one hundred and eighty seven thousand five hundred dollars ($2,187,500) (as revised by clause 6.3)Date. The Borrowers amount of each such instalment (other than the final instalment) shall pay be an amount in dollars equal to 1/30th of the amount of the Loan outstanding actually drawn down on the Final Repayment Date.Utilisation Date and the amount of the final instalment shall be an amount in dollars equal to 11/30th of the amount of the Loan actually drawn down on the Utilisation Date (as each such amount may be revised from time to time by clause 6.3 (

Appears in 1 contract

Samples: DryShips Inc.

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