Common use of Amount of repayment instalments Clause in Contracts

Amount of repayment instalments. The Borrower shall repay the Loan by 20 equal consecutive semi-annual instalments of $4,250,000 each and by a balloon instalment of $71,800,000 (the “Balloon Instalment”) Provided that if the amount of the Loan drawndown hereunder is less than $156,800,000, each of the repayment instalments and the Balloon Instalment shall be reduced pro rata by an amount in aggregate equal to the undrawn balance.

Appears in 2 contracts

Samples: Loan Agreement (Danaos Corp), Loan Agreement (Danaos Corp)

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Amount of repayment instalments. The Borrower shall repay the Loan by 20 consecutive quarterly instalments each equal consecutive semi-annual instalments of to $4,250,000 each 2,036,764.71 and by a balloon instalment of $71,800,000 (equal to the “Balloon Instalment”) Provided that if the amount balance of the Loan drawndown hereunder is less than $156,800,000, each of the repayment instalments and the Balloon Instalment shall be reduced pro rata by an amount in aggregate equal to the undrawn balanceat that time.

Appears in 2 contracts

Samples: Loan Agreement (GasLog Partners LP), Loan Agreement

Amount of repayment instalments. (a) The Borrower shall repay the Loan by 20 40 equal consecutive semithree-annual monthly instalments in the amount of $4,250,000 2,650,000 each and by a balloon instalment of $71,800,000 (the “Balloon Instalment”) Provided that if in the amount of the Loan drawndown hereunder is less than $156,800,000, each of the repayment instalments and the Balloon Instalment shall be reduced pro rata by an amount in aggregate equal to the undrawn balance.20,400,000;

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

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Amount of repayment instalments. The Borrower shall repay the Loan by 20 32 equal consecutive semi-annual quarterly instalments of $4,250,000 992,500 each and by together with a balloon instalment of $71,800,000 (35,740,000 payable simultaneously with the “Balloon Instalment”) Provided that if the amount of the Loan drawndown hereunder is less than $156,800,000, each of the repayment instalments and the Balloon Instalment shall be reduced pro rata by an amount in aggregate equal to the undrawn balancefinal instalment.

Appears in 1 contract

Samples: Loan Agreement (Euronav NV)

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