AMD 2003 Annual Report Download - page 192

SCHEDULE THREE
Spread
The Guarantor’s
rating of long-term
obligation by
Moody’s
(billions of yen)
The Borrower’s non-consolidated net asset value (as
of fiscal-end)
Less
than 65
65 or
more - less
than 67.5
67.5 or
more - less
than 70
70 or
more - less
than 72.5
72.5 or
more - less
than 75
75 or
more - less
than 85 85 or more
Aa3 or higher 1.400 0.900 0.800 0.700 0.600 0.525 0.400
A3-A1 1.900 1.150 1.025 0.900 0.775 0.650 0.525
Baa2-Baa1 2.400 1.775 1.550 1.300 1.100 0.900 0.775
Baa3 2.700 2.100 1.800 1.550 1.300 1.025 0.900
Baa3 or lower 3.000 2.400 2.100 1.800 1.450 1.150 1.050
(% as one unit)
1. Spread for the first Interest Period shall be 0.900%, and spread for the second Interest Period and thereafter shall be determined by the Guarantor’s rating
of long-term obligation by Moody’s as of eleven (11) o’clock A.M. on the Second Business Day prior to the commencement date of the relevant Interest
Period. Possible figures of spread for the second Interest Period and thereafter are shown in the above chart. Figures for the Borrower’s non-consolidated
net asset value shown in the above chart shall be the value as of the final day of each fiscal year-end, and the relevant spread will be applied to the next
coming Interest Payment Date on June 30 every year. The spread applied to the Loan shall be applied to the whole relevant Interest Period, and will not be
changed until the relevant Interest Period is ended.
2. When the Guarantor discontinues obtaining the rating of the long-term obligation (including the case of removal or cancellation of such rating), the
applicable spread shall be decided by the consent of the Majority Lenders, the Borrower and the Guarantor upon the consultation among the all parties
hereof.
3. If the Guarantor can not ensure to keep the amount of capital described in each of its consolidate balance sheets as of each fiscal year-ends to 75 % or
higher over that of the last fiscal year and to not less than 526.7 billion yen (provided that if such amount of capital becomes less than 526.7 billion yen,
the Guarantor shall be deemed to be default of this clause even if the amount of capital is 75% or higher over that of the last fiscal year), 0.1% shall be
added to the spread shown in the above chart.
Source: ADVANCED MICRO DEVIC, 10-K, March 09, 2004