AMD 1997 Annual Report Download - page 106

"(f) other unsecured Indebtedness of no more than $25,000,000 in
aggregate principal amount and convertible subordinated
Indebtedness of no more than $500,000,000 in aggregate
principal amount on terms and conditions satisfactory to the
Majority Banks; and"
(ii) Section 7.15 of the Credit Agreement is hereby amended by (A)
inserting immediately following the words "fiscal quarter" in the second
line thereof the parenthetical "(or as of such other date identified
below)," and (B) deleting clauses (i) and (ii) thereof and substituting
therefor the following:
"(i) 0.60 to 1.00 at the end of the first fiscal quarter of 1998,
(ii) 0.80 to 1.00 at May 24, 1998, and at the end of the second
fiscal quarter of 1998, (iii) 0.70 to 1.00 at the end of the third
fiscal quarter of 1998, (iv) 0.80 to 1.00 at fiscal year-end 1998
and at the end of each of the first, second and third fiscal
quarters of 1999, and (v) 0.90 to 1.00 at fiscal year-end 1999
and thereafter. Notwithstanding the definition of Current
Liabilities set forth in Section 1.01, the outstanding principal
amount from time to time of the Revolving Loans shall be
excluded from such definition for purposes of determining
compliance with this Section 7.15 for each of the first, second,
third and fourth fiscal quarters of 1998."
(iii) Section 7.16 of the Credit Agreement is hereby amended and
restated in its entirety as follows:
"7.16 Minimum Tangible Net Worth. The Company shall not
--------------------------
suffer or permit its Consolidated Tangible Net Worth (a) at the
end of the Company's first fiscal quarter of 1998 to be less than
$1,970,000,000 and (b) at the end of the Company's second fiscal
quarter of 1998 and thereafter to be less than $1,925,000,000 plus
----
(i) (without duplication for amounts included under clause (iv)
below) 75% of net income for the Company and its Restricted
Subsidiaries computed from the first day of the Company's second
fiscal quarter of 1998 through the end of such fiscal quarter for
which the determination is being made, determined quarterly on a
Consolidated basis and not reduced by any quarterly loss, plus
----
(ii) 100% of the Net Issuance Proceeds of any sale of capital
stock of the Company by or for the account of the Company
occurring on or after the first day of the Company's second fiscal
quarter of 1998, plus (iii) any increase in stockholders'
----
equity resulting from the conversion of debt securities to equity
securities on or after the first day of the Company's second
fiscal quarter of 1998, plus (iv) 100% of the Net Issuance
----
Proceeds (net of Taxes payable in respect thereof) of any sale of
capital stock of the Vantis Subsidiary by or for the account of
the Company occurring on or after the first day of the Company's
second fiscal quarter of 1998."
2
Source: ADVANCED MICRO DEVIC, 10-K405, March 03, 1998