AMD 1993 Annual Report Download - page 228

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16
(ii) the date of a Transitional Event, at which time this
Agreement shall terminate. At the request of either party, both
parties shall negotiate in good faith to extend the term of this
Agreement, with or without amendment to the provisions hereof.
Section 9.2. Termination. Termination of this
Agreement may result from the events listed below. Each party
agrees to give prompt written notice to the other party of the
happening of any such event.
(a) If either party hereto defaults in the
performance of any material obligation hereunder, the non-
defaulting party may give written notice thereof and the parties
shall discuss the problem arising from such default in good faith
and seek to resolve such problem. If such default is not
corrected or otherwise addressed by the defaulting party to the
reasonable satisfaction of the non-defaulting party within ninety
(90) days after the written notice of such default, then the non-
defaulting party may, in addition to any other remedies it may
have, terminate this Agreement by written notice. This Agreement
shall terminate on the thirtieth (30th) day after such notice of
termination.
(b) Each party hereto may terminate this
Agreement, by giving written notice of termination to the other
party at any time, upon or after:
(i) the filing by such other party of a
petition in bankruptcy or insolvency;
(ii) any adjudication that such other party
is bankrupt or insolvent;
(iii) the filing by such other party of any
legal action or document seeking reorganization, readjustment or
arrangement of such other party's business under any law relating
to bankruptcy or insolvency;
(iv) the appointment of a receiver or
bankruptcy trustee for all or substantially all of the property
of such other party;
(v) the making by such other party of a
general assignment for the benefit of creditors; or
(vi) the institution of any proceedings for
the liquidation or winding up of such other party's business or
for the termination of its corporate charter, provided, in the
event such proceedings are involuntary, the proceedings are not
dismissed within ninety (90) days.
(c) If at any time during the term of this
Agreement, (i) a party incurs in one transaction or a series of
related transactions a change in ownership of more than
[CONFIDENTIAL INFORMATION OMITTED AND FILED SEPARATELY WITH THE
SECURITIES AND EXCHANGE COMMISSION] of its capital stock, (ii) a
party consolidates with or merges with or into another
15
Source: ADVANCED MICRO DEVIC, 10-K, March 07, 1994