AMD 1993 Annual Report Download - page 182

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31
Section 7.3 Triggering Events. The occurrence of any of the
following events shall constitute a triggering event ("Triggering
Event") hereunder on the part of the party with respect to which
such event occurs ("Triggering Party"); and each party shall
inform the other party in writing of the occurrence of any
Triggering Event when known to such party.
A. A material breach of this Agreement, the AMD
Investment Agreement, the Fujitsu Investment Agreement, the Joint
Development Agreement or the Joint Venture License Agreement by
the Triggering Party, or a material misrepresentation by the
Triggering Party with respect to any condition, warranty,
representation or agreement contained in this Agreement, the AMD
Investment Agreement, the Fujitsu Investment Agreement, the Joint
Development Agreement or the Joint Venture License Agreement is
not cured within ninety (90) days after the Triggering Party
receives written notice thereof from the non-Triggering Party;
provided that failure by either party to comply with the terms of
Section 4.1.E. shall not be considered a material default until
the earlier of (a) an aggregate of [CONFIDENTIAL INFORMATION
OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE
COMMISSION] months of delay, or (b) the non-complying party is in
default of a payment obligation that allows creditors to
accelerate the maturity date of indebtedness in an amount in
excess of [CONFIDENTIAL INFORMATION OMITTED AND FILED SEPARATELY
WITH THE SECURITIES AND EXCHANGE COMMISSION] of such party's
shareholders' equity.
B. A Triggering Party becomes the subject of a
voluntary or involuntary petition in bankruptcy or any proceeding
relating to insolvency, or composition for the benefit of
creditors, which petition or proceeding is not dismissed within
sixty (60) days after filing.
27
Source: ADVANCED MICRO DEVIC, 10-K, March 07, 1994