AMD 1997 Annual Report Download - page 182
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amount already contributed under sub-para (ii) (a)
-----------------
above by 30 June 1999 at the latest;
provided that:
(iii) if at any time during the Fiscal Year 1998 AMD Inc. is permitted,
pursuant to the terms of Section 4.07 of the AMD Inc. Senior Secured
------------
Note Indenture without utilizing any of the provisions contained in
the first proviso to Section 4.07 (iv) thereof, to do so and:
(a) AMD Inc. makes the Class C Sponsors' Loans in full out of the
proceeds of, and forthwith following, a Stock Offering
undertaken by it in such Fiscal Year; or
(b) AMD Inc. makes the Class C Sponsors' Loans in full, having
achieved Consolidated Net Income of not less than $140,000,000
to the end of AMD Inc.'s most recently ended Fiscal Quarter
for which financial statements are available,
the Sponsors will be relieved of any further obligation under Sections 2.4
------------
(i) and (ii) above."
--- ----
(viii) The existing Section 2.4 shall be renumbered 2.5 and be replaced by the
following:
"SECTION 2.5 Voluntary Sponsors' Loans.
(i) Making of Voluntary Sponsors' Loans. On the terms and subject to the
conditions of this Agreement, the Sponsors (or either of them) may, in
order to comply with their obligations under the Sponsors' Support
Agreement or for any other reason, from time to time at their option
(but shall not be required to), on any Business Day, make additional
Sponsors' Loans to AMD Saxonia (herein collectively called the
"Voluntary Sponsors' Loans").
--------------------------
(ii) Timing of Voluntary Sponsors' Loans. Voluntary Sponsors' Loans may be
made by a Sponsor from time to time on at least two (2) Business Days'
prior notice to AMD Saxonia and the Agent.
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:
(a) is hereby expressly agreed by the parties hereto to
be a Voluntary Sponsors' Loan pursuant to the terms of this
Section 2.5 and subordinated as a Junior Liability under the
Sponsors' Subordination Agreement; and
Source: ADVANCED MICRO DEVIC, 10-K405, March 03, 1998