AMD 1997 Annual Report Download - page 180
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the Sponsors' Guaranty following a demand for payment made by the
Agent thereunder (it being understood and agreed that the
obligation of the Sponsors to make Class B Sponsors' Loans shall
be subject to the occurrence of Completion); or
(d) of any obligation to make Class A Sponsors' Loans, Class B
Sponsors' Loans or Class C Sponsors' Loans by the additional
Sponsors' Loans in an amount of $34,000,000 made by AMD Inc. to
AMD Saxonia on 26 September 1997 and referred to in Section 2.5
-----------
below;
(v) each Class A Sponsors' Loan shall be denominated in Deutsche Marks and
the Deutsche Mark Equivalent thereof shall be calculated for the
purpose of determining whether the Sponsors have complied with their
obligations under Section 2.2; provided, however, that any Class A
----------- -------- -------
Sponsors' Loan may, with the consent of the Agent (such consent not to
be unreasonably delayed or withheld), be funded in Dollars, but for
all purposes of this Agreement and the Sponsors' Support Agreement
shall be deemed to have been funded in Deutsche Marks in an amount
which is equal to the Deutsche Mark Equivalent thereof;
(vi) Class C Sponsors' Loans may be made in either Dollars or in Deutsche
Marks at AMD Inc.'s option provided that:
(a) for the purpose of determining whether the Sponsors have
complied with their obligations under Section 2.4, any Class C
-----------
Sponsors' Loans made in Deutsche Marks shall be deemed
converted to Dollars at the Agent's spot rate of exchange for
the purchase of Dollars with Deutsche Marks prevailing on the
date two (2) Business Days prior to the date such Class C
Sponsors' Loans were made;
(b) if AMD Inc. and AMD Saxonia agree, any Class C Sponsors' Loans
may be denominated in Deutsche Marks but funded in Dollars and
the Deutsche Mark amount of such Class C Sponsors' Loans shall
be deemed to be the DM amount which is the equivalent of the
Dollar amount so funded determined at the Agent's spot rate of
exchange for the purchase of Dollars with Deutsche Marks
prevailing on the date two (2) Business Days prior to the date
such Class C Sponsors' Loans were made.
(vii) the Sponsors shall be relieved of their respective obligations to
make Class C Sponsors' Loans under Sections 2.1 and 2.4 if, but only
------------ ---
if:
(a) the Sponsors shall have complied with each of their respective
obligations under Article II of the Sponsors' Support
----------
Agreement
Source: ADVANCED MICRO DEVIC, 10-K405, March 03, 1998