Attributable Loan definition
Examples of Attributable Loan in a sentence
For the avoidance of doubt, the parties hereto acknowledge and confirm that the reduction of the Attributable Loan Amount pursuant to this clause (g) has the effect of applying the relevant prepayment to reduce future Scheduled Amortization Payment Amounts and the balloon payment due on the Maturity Date in accordance with Section 4.02(f).
The Borrowers may, at any time and from time to time, prepay the Loans, in whole or in part, without premium or penalty, and such prepayment shall be applied to the Asset Attributable Loan Balance of one or more Eligible Assets as determined by the Lender in its sole discretion.
For the avoidance of doubt, the parties hereto acknowledge and confirm that the reduction of the Attributable Loan Amount pursuant to this clause (e) has the effect of applying the relevant prepayment to reduce future Scheduled Amortization Payment Amounts and the balloon payment due on the Maturity Date on a pro rata basis.
For the avoidance of doubt, the Attributable Loan Amounts and Collateral Vessel Amortization Amount set forth on Schedule VIII as modified by this Seventh Amendment reflect the application of the prepayments described in clause (ii) above.