ASI. Holding and the Subsidiary Borrowers have requested that the Credit Agreement be amended in order to permit (a) Holding to repurchase in an aggregate amount not to exceed $308,000,000 shares of its common stock, whether from ▇▇▇▇▇ ASI Partners L.P. or otherwise and (b) ASI to use the proceeds of the Revolving Loans and Periodic Access Loans to acquire, redeem or repay its 10-7/8% Senior Notes and to refinance such Loans prior to June 30, 1998. 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:
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Sources: Credit Agreement (American Standard Companies Inc), Credit Agreement (American Standard Inc)