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Exhibit 10.1

ON COMMAND CORPORATION
AMENDMENT NO. 3

        AMENDMENT NO. 3 (this "Amendment"), dated as of March 28, 2003, to the
Credit Agreement, dated as of July 18, 2000, by and among ON COMMAND
CORPORATION, a Delaware corporation (the "Borrower"), the Lenders party thereto,
TORONTO DOMINION (TEXAS), INC. and FLEET NATIONAL BANK, as the Documentation
Agents, BANK OF AMERICA, N.A., as the Syndication Agent, THE BANK OF NEW YORK
COMPANY, INC., as the Swingline Lender, and THE BANK OF NEW YORK, as the Issuing
Bank and as the Administrative Agent for the Lenders thereunder (as amended by
Amendment No. 1, dated as of March 27, 2001, and Amendment No. 2, dated as of
November 14, 2001, the "Credit Agreement").

RECITALS

        Except as otherwise provided herein, capitalized terms used herein that
are not defined herein shall have the meanings set forth in the Credit
Agreement.

        NOW, THEREFORE, in consideration of the covenants, conditions and
agreements hereinafter set forth, and for other good and valuable consideration,
the receipt and adequacy of which are hereby acknowledged, and pursuant to
Section 9.8 of the Credit Agreement, the parties hereto hereby agree as follows:

        1.    Section 6.9 of the Credit Agreement is amended to replace the
chart contained therein with the following:

Period

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  Ratio

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November 14, 2001 through September 29, 2002   4.75 to 1.00
September 30, 2002 through December 30, 2002
 
4.50 to 1.00
December 31, 2002 through June 29, 2003
 
4.25 to 1.00
June 30, 2003 through December 31, 2003
 
3.50 to 1.00
Thereafter
 
3.00 to 1.00

        2.    Paragraph 1 of this Amendment shall not become effective until:

        (a)  the Administrative Agent shall have received counterparts of this
Amendment duly executed by the Borrower, the Guarantors, the Administrative
Agent and the Required Lenders;

        (b)  the Administrative Agent shall have received for the account of
each Lender executing and delivering (without condition) this Amendment to the
Administrative Agent before 3:00 p.m. (New York City time) on March 28, 2003, a
fee equal to 0.10% of such Lender's Revolving Loan Commitment and shall have
received payment, or confirmation of payment, of all other fees payable in
connection with this Amendment, including legal fees and expenses of counsel to
the Administrative Agent in connection with the Credit Agreement and this
Amendment to the extent an invoice for such legal fees and expenses has been
presented to the Borrower.

        3.    In all other respects the Credit Agreement and other Loan
Documents shall remain in full force and effect.

        4.    In order to induce the Administrative Agent and the Required
Lenders to execute and deliver this Amendment, the Borrower and the other
Obligors each (a) certifies that, immediately before and after giving effect to
this Amendment, all representations and warranties contained in the Loan
Documents to which it is a party shall be true and correct in all respects with
the same effect as though such representations and warranties had been made on
the date hereof, except as the context otherwise requires or as otherwise
permitted by the Loan Documents or this Amendment, (b) certifies that,
immediately before and after giving effect to this Amendment, no Default or
Event of Default shall exist under the Loan Documents, as amended, and
(c) agrees to pay all of the reasonable fees and disbursements of counsel to the
Administrative Agent incurred in connection with the preparation, negotiation
and closing of this Amendment.

        5.    Each of the Borrower and the other Obligors (a) reaffirms and
admits the validity, enforceability and continuing effect of all Loan Documents
to which it is a party, and its obligations thereunder, and (b) agrees and
admits that as of the date hereof it has no valid defenses to or offsets against
any of its obligations to the Administrative Agent or any Lender under any Loan
Document to which it is a party.

        6.    Each of the Borrower and the other Obligors, on its own behalf,
and on behalf of its successors and assigns, releases, waives, and forever
discharges the Administrative Agent, the Lenders, the Issuing Bank and all of
their officers, directors, employees and agents from any and all actions, causes
of action, debts, dues, claims, demands, liabilities and obligations of every
kind and nature, both in law and equity, known or unknown, whether matured or
unmatured, absolute or contingent arising from the beginning of the world
through the date hereof with respect to this Amendment, the Credit Agreement,
the other Loan Documents and the transactions contemplated thereby.

        7.    This Amendment may be executed in counterparts (and by different
parties hereto on different counterparts), each of which shall constitute an
original but all of which when taken together shall constitute a single
contract. Delivery of an executed signature page to this Amendment by facsimile
transmission shall be as effective as delivery of a manually signed counterpart
of this Amendment.

        8.    This Amendment shall be governed by, and construed in accordance
with, the laws of the State of New York.

        9.    The parties have caused this Amendment to be duly executed as of
the date first written above.

ON COMMAND CORPORATION
AMENDMENT NO. 3 TO CREDIT AGREEMENT

 
 
ON COMMAND CORPORATION
 
 
By:
 
/s/  CHRISTOPHER SOPHINOS      

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    Name:   Christopher Sophinos     Title:   President and Chief Executive
Officer

AGREED AND CONSENTED:
 
 
ON COMMAND VIDEO CORPORATION
ON COMMAND DEVELOPMENT CORPORATION
SPECTRADYNE INTERNATIONAL, INC.
HOTEL DIGITAL NETWORK, INC.
 
 
By:
 
/s/  CHRISTOPHER SOPHINOS      

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  Name:   Christopher Sophinos     Title:   President and Chief Executive
Officer of On Command Video Corporation
President, On Command Development Corporation
President, Spectradyne International, Inc.
Chairman of the Board, Hotel Digital Network, Inc.    

 
 
THE BANK OF NEW YORK,
as Issuing Bank and as Administrative Agent
 
 
By:
 
/s/  STEPHEN M. NETTLER      

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    Name:   Stephen M. Nettler     Title:   Vice President
 
 
THE BANK OF NEW YORK COMPANY, INC.,
as Lender and as Swingline Lender
 
 
By:
 
/s/  JOHN C. LAMBERT      

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    Name:   John C. Lambert     Title:   Authorized Signer
 
 
BANK OF AMERICA, N.A.
 
 
By:
 
/s/  JAMES T. GILLAND      

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    Name:   James T. Gilland     Title:   Managing Director
 
 
FLEET NATIONAL BANK
 
 
By:
 
/s/  SRBUI SEFERIAN      

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    Name:   Srbui Seferian     Title:   Vice President
 
 
TORONTO DOMINION (TEXAS), INC.
 
 
By:
 
/s/  DEBBIE A. GREENE      

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    Name:   Debbie A. Greene     Title:   Vice President
 
 
MIZUHO CORPORATE BANK, LTD.
 
 
By:
 
/s/  MARK GRONICH      

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    Name:   Mark Gronich     Title:   Vice President
 
 
U.S. BANK NATIONAL ASSOCIATION
 
 
By:
 
/s/  KENNETH D. BROWN      

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    Name:   Kenneth D. Brown     Title:   Vice President

 
 
BNP PARIBAS
 
 
By:
 
/s/  GREGG BONARDI      

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    Name:   Gregg Bonardi     Title:   Director Media & Telecom Finance
 
 
By:
 
/s/  OLA ANDERSSEN      

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    Name:   Ola Anderssen     Title:   Director
 
 
CREDIT LYONNAIS NEW YORK BRANCH
 
 
By:
 
/s/  DOUGLAS ROPER      

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    Name:   Douglas Roper     Title:   Senior Vice President
 
 
THE BANK OF NOVA SCOTIA
 
 
By:
 
/s/  PAUL S. WEISSENBERGER      

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    Name:   Paul S. Weissenberger     Title:   Authorized Signatory

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Exhibit 10.1