AMD 1994 Annual Report Download - page 110

for construction of the Renovations shall be subject to the following conditions
precedent:
(a) Lessor Approval. Lessor shall have approved the Construction
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Documents.
(b) Documents. Lessor shall have received all the following, each duly
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executed and in form and substance satisfactory to Lessor:
(i) Certified Documents. Copies, certified by Lessee as being true and
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correct copies, of the Construction Documents, together with all required
governmental permits, licenses and approvals;
(ii) Assignment of Contracts. Assignments by Lessee of the
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Construction Documents and all required governmental permits, licenses and
approvals, all in the form of the respective assignments attached hereto as
Schedule C, together with the consents to assignment (satisfactory to the
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Lessor) of the Architect and the Contractor; Schedule C is hereby added to
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and made a part of the Original Building Lease;
(iii) Subcontracts. A list, certified by Contractor, of each
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subcontract and (to the extent not included in such subcontracts) each
purchase agreement for work or materials; and, if subsequently requested in
writing by Lessor, a copy of any such subcontract the cost of which equals
or exceeds the sum of $200,000;
(iv) Renovations Budget. A copy, certified by Lessee as being a true
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and correct copy, of Lessee's Renovations Budget;
(v) Insurance. Certificates of insurance evidencing compliance with
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the insurance requirements of this Lease and the Contractors Agreement;
(vi) Appraisal. A FIRREA appraisal which (a) conforms to and complies
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with the requirements set forth in Section 43 hereof, (b) sets forth the
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appraised value of the Building prior to commencement of the Renovations
(the "Preconstruction Value"), and (c) which demonstrates that the
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Renovations, upon completion and taken as a whole, will enhance the
Preconstruction Value by an amount not less than one hundred percent (100%)
of the Maximum Advance Amount; and
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Source: ADVANCED MICRO DEVIC, 10-K, March 07, 1995