Common use of Scheduled Repayments Clause in Contracts

Scheduled Repayments. (a) The Borrowers shall repay the Rig Advances by consecutive semi annual repayments in the amounts as set out, on an indicative basis, in Schedule 7 (Indicative Repayments/Reductions) and the first repayment shall occur six months after the Utilisation Date in respect of such Rig Advances. The repayments received by the Agent in respect of the Rig Advances shall be applied against each Rig Advance on a pro rata basis as between each Facility.

Scheduled Repayments. (a) The Borrowers Each Borrower shall repay the Rig Advances made to it by consecutive semi annual quarterly repayments in the amounts as set out, on an indicative basis, out in Schedule 7 6 (Indicative Repayments/Reductions) and the first repayment shall occur six three months after the Utilisation Date in respect of such Rig Advances. The repayments received by the Agent in respect of the Rig Advances shall be applied against each Rig Advance on a pro rata basis as between each Facility.

Scheduled Repayments. (a) The Borrowers Borrower shall repay the Rig Advances by consecutive semi semi-annual repayments in the amounts as set out, on an indicative basis, in Schedule 7 (Indicative Repayments/Reductions) and the first repayment shall occur six months after the Utilisation Date in respect of such Rig Advances. The repayments received by the Agent in respect of the Rig Advances shall be applied against each Rig Advance on a pro rata basis as between each Facility.