Common use of From Permitted Asset Sales Clause in Contracts

From Permitted Asset Sales. On the Business Day following the date of receipt by the Borrower or any of its Restricted Subsidiaries of the Net Proceeds of any asset sale permitted pursuant to Section 7.4 hereof (other than with respect to the Philadelphia Disposition), and to the extent that the Borrower is required to reduce the Commitment pursuant to Section 2.5(c) hereof, the Borrower shall make a repayment of the Loans by an amount equal to the amount of such reduction.

From Permitted Asset Sales. On the Business Day following the date of receipt by the Borrower or any of its Restricted Subsidiaries of the Net Proceeds of any asset sale permitted pursuant to Section 7.4 hereof (other than with respect to the Philadelphia Disposition)hereof, and to the extent that the Borrower is required to reduce the Existing Commitment pursuant to Section 2.5(c) hereof, the Borrower shall make a repayment of the Loans by an amount equal to the amount of such reduction.