Common use of ASI Clause in Contracts

ASI. Holding and the Subsidiary Borrowers have requested that the Credit Agreement be amended in order to permit ASI (a) to issue and sell up to $1,000,000,000 aggregate principal amount of its senior and/or subordinated unsecured debt securities to be unconditionally guaranteed by Holding and (b) to use the proceeds therefrom to redeem or to purchase pursuant to a tender offer or tender offers on or prior to December 31, 1998 its 10-1/2% Senior Subordinated Discount Debentures or its 9-7/8% Senior Subordinated Notes due 2001 or, on or prior to June 1, 1999, its 10-7/8% Senior Notes and, pending such redemption(s) or purchase(s), to prepay temporarily Loans outstanding under the Credit Agreement. The Lenders and the Agents have agreed to such amendments upon the terms and subject to the conditions set forth herein. Accordingly, the parties hereto agree as follows: