Amount of Instalments. The Borrower shall repay the Loan by 16 equal consecutive quarterly instalments, each in the amount of $280,000 (each an "Instalment" and, together, the "Instalments") and a balloon instalment in the amount of $14,520,000 (the "Balloon Instalment") Provided that if the amount advanced is less than $19,000,000, the aggregate amount of the Instalments and the Balloon Instalment shall be reduced by an amount equal to the undrawn amount on a pro rata basis.
Appears in 3 contracts
Sources: Loan Agreement (EuroDry Ltd.), Loan Agreement (EuroDry Ltd.), Loan Agreement (Euroseas Ltd.)
Amount of Instalments. The Borrower shall repay the Loan by 16 13 equal consecutive quarterly instalments, each in the amount of $280,000 161,765 (each an "Instalment" and, together, the "Instalments") and a balloon instalment in the amount of $14,520,000 8,897,055 (the "Balloon Instalment") Provided that if the amount advanced is less than $19,000,00011,000,000, the aggregate amount of the Instalments and the Balloon Instalment shall be reduced by an amount equal to the undrawn amount on a pro rata basis.";
Appears in 3 contracts
Sources: Second Supplemental Agreement (EuroDry Ltd.), Second Supplemental Agreement (EuroDry Ltd.), Second Supplemental Agreement (Euroseas Ltd.)
Amount of Instalments. The Borrower shall repay the Loan by 16 loan by:
(i) 20 equal consecutive quarterly instalments, each in the amount of $280,000 2,500,000 (each an "Instalment" “Instalment ” and, together, the "Instalments"“Instalments “); and (ii) and a balloon instalment in the amount of $14,520,000 50,00,000 (the "“Balloon Instalment"Instalment “) Provided that that, if the amount advanced in respect of the Advance is less than $19,000,000, the Maximum Advance Amount the aggregate amount of the Instalments and the Balloon Instalment shall be reduced by an amount equal to the undrawn amount on a pro rata basis.
Appears in 1 contract
Sources: Loan Agreement (Toro Corp.)
Amount of Instalments. The Borrower shall repay the Loan by 16 by:
(a) 20 equal consecutive quarterly instalments, each in the amount of $280,000 860,000 (each an "“Instalment" ” and, together, the "“Instalments"”); and
(b) and a balloon instalment in the amount of $14,520,000 21,300,000 (the "“Balloon Instalment") ”), Provided that that, if the amount of the Loan advanced is less than $19,000,00038,500,000, the aggregate amount of the Instalments each Instalment and the Balloon Instalment shall be reduced by an amount equal to the undrawn amount on a pro rata basis.
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Amount of Instalments. The Borrower shall repay the Loan by by:
(a) 16 equal consecutive quarterly instalments, each in the amount of $280,000 3,800,000 (each an "Instalment" and, together, the "Instalments"); and
(b) and together with the last Instalment, a balloon instalment in the amount of $14,520,000 29,200,000 (the "Balloon Instalment") ), Provided that that, if the amount advanced is less than $19,000,00090,000,000, the aggregate amount of the Instalments and the Balloon Instalment shall be reduced by an amount equal to the undrawn amount on a pro rata basis.
Appears in 1 contract
Amount of Instalments. The Borrower shall repay the Loan by 16 loan by:
(i) 20 equal consecutive quarterly instalments, each in the amount of $280,000 2,500,000 (each an "InstalmentInstalment " and, together, the "InstalmentsInstalments "); and (ii) and a balloon instalment in the amount of $14,520,000 50,00,000 (the "Balloon InstalmentInstalment ") Provided that that, if the amount advanced in respect of the Advance is less than $19,000,000, the Maximum Advance Amount the aggregate amount of the Instalments and the Balloon Instalment shall be reduced by an amount equal to the undrawn amount on a pro rata basis.
Appears in 1 contract
Amount of Instalments. The Borrower shall repay the Loan by 16 by:
(i) 17 equal consecutive quarterly instalments, each in the amount of $280,000 382,500 (each an "“Instalment" ” and, together, the "“Instalments"”); and
(ii) and a balloon instalment in the amount of $14,520,000 8,797,500 (the "“Balloon Instalment") ”), Provided that that, if the amount of the Loan advanced is less than $19,000,00015,300,000, the aggregate amount of the Instalments and the Balloon Instalment shall be reduced by an amount equal to the undrawn amount on a pro rata basis.
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Amount of Instalments. The Borrower shall repay the Loan by 16 by:
(a) 24 equal consecutive quarterly instalments, each in the amount of $280,000 1,330,000 (each an "Instalment" and, together, the "Instalments"); and
(b) and together with the last instalment, a balloon instalment in the amount of $14,520,000 73,080,000 (the "Balloon Instalment") ), Provided that that, if the amount of the Loan advanced is less than $19,000,000105,000,000, the aggregate amount of the Instalments each Instalment and the Balloon Instalment shall be reduced by an amount equal to the undrawn amount on a pro rata basis.
Appears in 1 contract
Amount of Instalments. The Borrower shall repay the Loan by 16 equal by:
(a) consecutive quarterly instalmentsinstalments (each an “Instalment” and, together, the “Instalments”) each in the amount of $280,000 337,500; and
(each an "Instalment" and, together, the "Instalments"b) and a balloon instalment in the amount of $14,520,000 11,900,000 (the "“Balloon Instalment") ”), Provided that if the amount advanced is less than $19,000,000, the aggregate amount of the Instalments Loan drawn down is less than $20,000,000 each Instalment and the Balloon Instalment shall will be reduced pro rata by an amount in aggregate equal to the undrawn amount on a pro rata basisamount.
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Amount of Instalments. The Borrower shall repay the Loan by 16 by:
(a) 4 equal consecutive quarterly instalments, each in the amount of $280,000 846,000 (each an "“Instalment" ” and, together, the "“Instalments"”); and
(b) and a balloon instalment in the amount of $14,520,000 28,416,000 (the "“Balloon Instalment") ”), Provided that that, if the amount of the Loan advanced is less than $19,000,00031,800,000, the aggregate amount of the Instalments and the Balloon Instalment shall be reduced by an amount equal to the undrawn amount on a pro rata basis.
Appears in 1 contract
Amount of Instalments. The Borrower Borrowers shall repay the Loan by 16 equal by:
(a) 24 consecutive quarterly instalmentsinstalments (each an “Instalment” and, together the “Instalments”) each in the amount of $280,000 900,000; and
(each an "Instalment" and, together, the "Instalments"b) and a balloon instalment in the amount of $14,520,000 32,400,000 (the "“Balloon Instalment") ”), Provided that if the amount advanced is less than $19,000,000, the aggregate amount of the Instalments Loan drawn down is less than $54,000,000 each Instalment and the Balloon Instalment shall will be reduced pro rata by an amount in aggregate equal to the undrawn amount on a pro rata basisamount.
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