AMD 1997 Annual Report Download - page 169
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the Sponsors will be relieved of any further obligation under
Sections 3.4 (i) and (ii) above.
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SECTION 3.5 Additional Sponsors' Loans. In addition to the Class A
Sponsors' Loans, the Class B Sponsors' Loans and the Class C Sponsors'
Loans, the Sponsors (or either of them) may, from time to time, at their
option make additional Sponsors' Loans in order to fulfil their respective
obligations contained herein or otherwise to provide additional funds to
AMD Saxonia.
For the avoidance of doubt, the additional Sponsors' Loan in an amount of
$34,000,000 made by AMD Inc. to AMD Saxonia on 26 September 1997:
(i) is hereby expressly agreed by the parties hereto to be an additional
Sponsors' Loan pursuant to the terms of this Section 3.5 and
-----------
subordinated as a Junior Liability under the Sponsors' Subordination
Agreement; and
(ii) shall not relieve the Sponsors from any obligation to make Class A
Sponsors' Loans, Class B Sponsors' Loans or Class C Sponsors' Loans in
accordance with Sections 3.2, 3.3 and 3.4 above respectively."
----------------- ---
and Sections 3.6 and 3.7 shall be renumbered accordingly and any cross
------------ ---
references thereto and to the previous Section 3.4 shall be changed
-----------
accordingly.
(vii) In Section 4.1, the following shall be deleted:
"The Sponsors shall be required to provide AMD Saxonia with Same Day Funds
in the amount of the Sponsors' Applicable Share of any Cost Overrun:
(i) on or prior to the occasion of each drawdown of a Tranche B Advance,
and as a condition to the making thereof; and
(ii) promptly following any notice from the Agent or the Technical Advisor
to AMD Inc. to the effect that the Cost to Complete exceeds the funds
otherwise available to AMD Saxonia for such purpose (including,
without limitation, the Available Tranche A Amount, the Available
Tranche B Amount, and the balance, if any, of collected funds then on
deposit in the Operating Account, together with the then value of the
Cash Equivalent Investments acquired with the proceeds of the
Operating Account)."
(viii) Sections 4.3 (Time of Payment), 4.4 (Post Completion Adjustment), 4.5
(Determination of Cost Overruns) and 4.6 (Projected Total Cost) shall be
replaced as follows:
"SECTION 4.3 Time of Payment.
Source: ADVANCED MICRO DEVIC, 10-K405, March 03, 1998