Application of Reductions. (i) Each reduction of the RC Commitments made pursuant to this section 2.4 shall effect a corresponding reduction of each Lender's applicable RC Commitment by an amount equal to such Lender's applicable RC Commitment Percentage of such reduction.
Appears in 2 contracts
Samples: Credit Agreement (American Radio Systems Corp /Ma/), Credit Agreement (Salem Communications Corp /De/)
Application of Reductions. (i) Each reduction of the RC Commitments made pursuant to this section Section 2.4 shall effect a corresponding reduction of each Lender's applicable RC Commitment by an amount equal to such Lender's applicable RC Commitment Percentage of such reduction.
Appears in 2 contracts
Samples: Credit Agreement (Salem Communications Corp /De/), Credit Agreement (Salem Communications Corp /De/)
Application of Reductions. (i) 2.15 Each reduction of the RC Commitments made pursuant to this section Section 2.4 shall effect a corresponding reduction of each Lender's applicable RC Commitment by an amount equal to such Lender's applicable RC Commitment Percentage of such reduction.
Appears in 1 contract
Samples: Security Agreement (Salem Communications Corp /De/)
