Scheduled Repayments. The Borrower shall repay the Loan made to it by consecutive quarterly repayments as set out in Schedule 5 (Repayments and Reductions) and the first repayment shall occur 3 months from the First Utilisation Date.
Scheduled Repayments. The Borrower shall repay each Eksportfinans Loan and each Commercial Facility Loan made to it by consecutive quarterly repayments as set out in Schedule 7 (Repayments and Reductions) and the first repayment shall occur 3 months from the First Utilisation Date.
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. Borrower shall repay the principal amount of the Revolving Loans on or before the Revolving Loan Maturity Date.
Scheduled Repayments. The relevant Borrower shall repay each Tranche made to it by consecutive quarterly repayments based on a 12 year profile as set out in Schedule 7 (Repayments). The first repayment of the Tranche utilised on the First Utilisation Date shall occur three (3) months from the First Utilisation Date. In respect of all the Tranches relating to the last two Drillships, the first repayment of such Tranches shall be no later than three (3) months from the relevant Utilisation Date of such Tranches or earlier, so that the repayment in respect of such Tranches occur on the same date as the next repayment in respect of the Tranches utilised on the First Utilisation Date. All repayments shall be allocated pro rata between the Facilities. Final repayment On the Final Maturity Date of a Tranche the relevant Borrower shall repay that Tranche in full, together with all other sums due and outstanding under the Finance Documents in respect of such Tranche at such date (if any).
Scheduled Repayments. The U.S. Term Loan shall be due and payable in twenty equal quarterly principal installments of $5,000,000 each with the first such principal amortization payment due on January 31, 1999, and each subsequent payment due on each April 30, July 31, October 31 and January 31 thereafter until the Term Loans Maturity Date at which time all remaining principal amounts owning under the U.S. Term Loan, if any, shall be due and payable in full.
Scheduled Repayments. There shall become due and payable, and Borrower shall repay the Term Loan through, twelve (12) scheduled payments, as follows: the first eleven (11) installments shall be in the principal amount of $500,000 and shall be due and payable on the last day of each March, June, September and December, commencing on September 30, 2006 and continuing through and including March 31, 2009, and a twelfth (12th) and final payment of the remaining outstanding principal amount of the Term Loan shall be due and payable on the Commitment Expiry Date. Notwithstanding the payment schedule set forth above, the outstanding principal amount of the Term Loan shall become immediately due and payable in full on the Termination Date.
Scheduled Repayments. Commencing on July 20, 2002 and on the twentieth (20th) day of each October, January, April and July occurring thereafter, the Borrower shall repay the principal amount of the Loan in 36 consecutive payments equal to the amount of principal scheduled to be repaid on such date as set forth on Schedule 7(A) hereto, with the last such quarterly ------------- principal payment installment due and payable on April 20, 2011 (the "Maturity Date"). If any repayment date is not a Business Day, then the principal repayment then due shall be paid on the next Business Day and shall continue to accrue interest until paid. If not sooner required to be repaid, all advances under the Loan and all other amounts due and owning hereunder and under the other Loan Documents relating to the Loan shall be due and payable on the Maturity Date.
Scheduled Repayments. In the event that Borrower makes any extension of the Maturity Date pursuant to Section 2.13, Borrower shall make principal payments on the Outstanding Obligations on each of the following dates in the aggregate amount, expressed as a percentage of the Lenders' aggregate principal amount of Outstanding Obligations outstanding as of the first Extension Effective Date (as defined in Section 2.13(b)), set forth opposite such date in the table set forth below: -------------------------------------------------------------------------------------------------------- SCHEDULED REPAYMENT SCHEDULED REPAYMENT SCHEDULED REPAYMENT DATE OF OUTSTANDING OF OUTSTANDING OBLIGATIONS IN THE EVENT OBLIGATIONS IN THE EVENT OF ONE EXTENSION OF THE OF TWO EXTENSIONS OF MATURITY DATE PURSUANT THE MATURITY DATE TO SECTION 2.13 PURSUANT TO SECTION 2.13 ----------------------------- ------------------------------------- ---------------------------------- October 31, 2001 8.33333% 8.33333% January 31, 2002 8.33333% 8.33333% April 30, 2002 8.33333% 8.33333% July 31, 2002 75.00001% 8.33333% ----------------------------- ------------------------------------- ---------------------------------- October 31, 2002 n/a 8.33333% January 31, 2003 n/a 8.33333% April 30, 2003 n/a 8.33333% July 31, 2003 n/a 41.66669% ----------------------------- ------------------------------------- ---------------------------------- TOTAL 100% 100% -------------------------------------------------------------------------------------------------------- ; provided that the Outstanding Obligations and other amounts owed hereunder with respect to the Loans shall be paid in full no later than the Maturity Date and the final installment payable by Borrower in respect of the Loans on such date shall be in an amount sufficient to repay all amounts owing by Borrower under this Agreement with respect to the Loans.
Scheduled Repayments. 5 1.5 VOLUNTARY PREPAYMENTS AND UNSCHEDULED, MANDATORY PREPAYMENTS........................................... 7 1.6 PAYMENTS BY THE BORROWERS IN GENERAL.............................. 12 1.7 REDUCTIONS OF RC COMMITMENT....................................... 14 1.8 INTEREST.......................................................... 15 1.9 FEES.............................................................. 17 1.10 COMPUTATION OF INTEREST AND FEES.................................. 18 1.11 PROMISSORY NOTES; RECORDS OF ACCOUNT.............................. 18 1.12
