AMD 1993 Annual Report Download - page 170

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19
Article 4. RIGHTS AND OBLIGATIONS OF THE PARTIES.
Section 4.1 Financing.
A. Except as otherwise explicitly agreed, the parties
shall bear equal responsibility for financing JV.
B. Both parties recognize that, in addition to the
capital contributions made pursuant to Section 2.4 above, JV will
need additional sums for working capital and for long term
capital, which shall be borrowed by JV pursuant to arrangements
to be made by the parties.
C. Until JV becomes self-financing, the parties shall
guarantee third-party loans made to JV in proportion to their
respective Percentage Interests.
D. Both parties shall use their best efforts to
arrange for JV to receive loans from Japanese government-related
financial institutions for JV's long-term capital. Such loans
shall be guaranteed by the parties in proportion to their
respective Percentage Interests.
E. In the event that JV is unable to secure necessary
financing, the parties themselves shall advance the necessary
funds to JV, each party lending that portion of the required
amount which is proportionate to such party's Percentage
Interest. Each party may arrange third-party financing, with or
without such party's guaranty, in lieu of any such advance.
Section 4.2 Land Lease.
A. JV shall construct its semiconductor wafer
fabrication facility on land to be leased from Fujitsu pursuant
to a 30-year lease (the "Land Lease"), which lease may be renewed
15
Source: ADVANCED MICRO DEVIC, 10-K, March 07, 1994