Common use of Application of partial prepayment Clause in Contracts

Application of partial prepayment. Each partial prepayment shall be applied pro rata against the repayment instalments, including, without limitation, the balloon instalment, specified in Clause 7.1.

Appears in 5 contracts

Samples: Agreement (StealthGas Inc.), Loan Agreement (StealthGas Inc.), Loan Agreement (StealthGas Inc.)

AutoNDA by SimpleDocs

Application of partial prepayment. Each partial prepayment shall be applied in reducing pro rata against each of the repayment instalments, including, without limitation, the balloon instalment, instalments specified in Clause 7.17.1 and the Balloon.

Appears in 2 contracts

Samples: Loan Agreement (Euroseas Ltd.), Loan Agreement (Euroseas Ltd.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.