Common use of Scheduled Repayment Clause in Contracts

Scheduled Repayment. 2.7.1 Subject to adjustment pursuant to Section 2.8, the Borrower shall repay the principal amount of the Loan to the Lender in Dollars in quarterly consecutive and equal installments from the month corresponding to the Execution Date and until March 31, 2022 (the “Repayment Schedule”) together with accrued and unpaid interest on the principal amount to be paid to but excluding the date of such payment. 2.7.2 If any date on which a repayment is due by the Borrower to the Lender pursuant to this Section 2.7 is not a Business Day, such payment shall be due on the next succeeding Business Day.

Appears in 2 contracts

Sources: Loan Facility Agreement (Navios South American Logistics Inc.), Loan Facility Agreement (Navios South American Logistics Inc.)