Repayment of each. Utilisation The Borrowers shall repay each Utilisation on the last day of the Interest Period in respect of that Utilisation.
Repayment of each. Vessel Loan The Borrowers agree to repay each Vessel Loan to the Agent for the account of the Lenders in one amount on the earlier of (i) the Delivery Date in respect of that Vessel and (ii) the Final Maturity Date applicable to that Vessel.
Repayment of each. Tranche The Borrowers agree to repay each Tranche to the Agent for the account of the Lenders by consecutive quarterly instalments, each in the sum of five hundred and ten thousand Dollars ($510,000) together with a balloon amount of twenty million four hundred thousand Dollars ($20,400,000) (the "Balloon Amount"). The first such instalment shall fall due on the date which is three calendar months after the Drawdown Date in respect of that Tranche and subsequent instalments falling due at consecutive intervals of three calendar months thereafter. The Balloon Amount for each Tranche shall be payable together with the final instalment for that Tranche, which shall reduce the amount outstanding in respect of that Tranche to nil.
Repayment of each. Tranche The Borrowers agree to repay:
Repayment of each. Tranche The Borrowers agree to repay each Tranche to the Agent for the account of the Lenders by 20 consecutive quarterly instalments, each in a sum of $287,500 the first instalment of the first Tranche to be drawn down falling due on the date which is the earlier of (a) the date falling three months after the date of this Agreement and (b) 29 February 2016, subsequent instalments falling due at consecutive intervals of three calendar months thereafter and a final payment (the "Balloon") falling due on the Termination Date, which shall reduce the amount outstanding in respect of that Tranche to nil. For the avoidance of doubt, the first Repayment Date of the second Tranche to be drawn down shall fall on the date of the first Repayment Date of the first Tranche to be drawn down, so that the repayment profile and Repayment Dates for each Tranche are synchronised.
