Commitment Reduction Due to Asset Dispositions. The Commitment shall be automatically and permanently reduced by any Loan prepaid pursuant to Section 2.12(c) hereof on the date of such prepayment, in an amount equal to the amount of such prepayment.
Appears in 3 contracts
Samples: Credit Agreement (Ascent Entertainment Group Inc), Credit Agreement (On Command Corp), Credit Agreement (On Command Corp)
Commitment Reduction Due to Asset Dispositions. The Commitment shall be automatically and permanently reduced Short Term Commitments or the Long Term Commitments (as specified by the Borrower) relating to any Loan prepaid pursuant to Section 2.12(c) hereof shall be automatically and permanently reduced, on the date of such prepayment, in an amount equal to the amount of such prepayment.
Appears in 2 contracts
Samples: Credit Agreement (Ascent Entertainment Group Inc), Credit Agreement (Ascent Entertainment Group Inc)
