AMD 1997 Annual Report Download - page 171

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repay to such Sponsor Sponsors' Loans in an amount which is equal to the
excess, if any,
of:
(i) the Sponsors' Cost Overrun Contribution
over
----
(ii) the Sponsors' Applicable Share of the Cost Overruns prior to
Completion.
The Agent shall be required to grant such consent unless it has actual
knowledge that an Event of Default, Unmatured Event of Default or Event of
Termination shall have occurred and be continuing.
SECTION 4.5 Determination of Cost Overruns. As soon as reasonably
practicable after a Cost Overrun has been identified by a Relevant AMD Inc.
Individual or by the Technical Advisor, the AMD Companies shall calculate
the amount of any Cost Overrun and furnish such calculation to the Agent
together with a statement as to the proposed method of funding such Cost
Overrun and such additional information as the Agent may reasonably
request; provided, however, that if the Technical Advisor, acting
-------- -------
reasonably and in good faith at the request of the Agent, identifies and
calculates a Cost Overrun or disagrees with the AMD Companies'
identification or calculation thereof, the Technical Advisor's calculation
shall, for purposes of this Agreement, be conclusive and binding. The Agent
will promptly advise the AMD Companies and the Banks of any determination
by the Technical Advisor pursuant to the proviso to the preceding sentence.
-------
SECTION 4.6 Projected Total Cost. If, at any time, the Projected Total
Cost exceeds DM 3,846,000,000 (three billion eight hundred forty six
million Deutsche Marks), then, as soon as reasonably practicable (and, in
any case, within 10 Business Days) following receipt of a demand by the
Agent pursuant to (S) 21.2(xxiii) of the Loan Agreement, an Event of
---------------
Default shall be deemed to have occurred unless AMD Inc. provides the Agent
with such evidence as shall be reasonably satisfactory to the Agent with
respect to the ability of AMD Inc. and AMD Saxonia to fund the entire
remaining Cost to Complete, after giving effect to the sum of (i) the
Available Tranche A Amount, plus (ii) the Available Tranche B Amount."
----
(ix) SECTION 6.2 (Payment of Shortfall) shall be amended by replacing
paragraph (ii) (a) after "For the avoidance of doubt" by the following:
"(ii) (a) any prior Sponsors' Loans made by the Sponsors (or either of
them), including without limitation, the additional Sponsors' Loan
in an amount of $34,000,000 made by AMD Inc. to AMD Saxonia on 26
September 1997 and referred to in Section 3.5 above; "
-----------
(x) In Article XIII (Covenants), Section 13.1 (i), there shall be deleted in
sub-paras (b) and (c) the words "(including source and application of
funds)".
Source: ADVANCED MICRO DEVIC, 10-K405, March 03, 1998