AMD 1994 Annual Report Download - page 112

attached hereto are hereby added to and made a part of the Original
Building Lease;
(v) Lien Waivers. Unconditional waivers and releases of mechanics'
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liens for all work previously performed on the Land from (1) the Contractor
and (2) subcontractors and material suppliers on whose behalf funds are
sought for payment or have theretofore been disbursed, all of which waivers
shall comply with the mechanics' lien law of the State of California and
shall conform with the requirements of the Title Company;
(vi) Title Policy/Endorsement. (a) With respect to the first Advance,
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an ALTA Owner's Title Policy (the "Title Policy") insuring Lessor in the
amount of $40,000,000.00 in substantially the same form as that certain
ALTA Owner's Policy No. 113-00-470-120 issued by the Title Company to
Lessor dated September 22, 1992 (and including the endorsements issued
thereon, substituting, however, CLTA Form 123.1 in place of CLTA 123.2)
insuring, as of the date of the first Advance, Lessor's ownership interest
in the Land and Leased Property, subject only to Permitted Exceptions (the
"Title Policy"); and (b) with respect to each Advance except the first
Advance, an endorsement or endorsements to the Title Policy to cover such
Advance (i.e., increasing the policy amount and insuring against
intervening matters since the date of the last such endorsement), which
endorsement or endorsements shall show no encumbrances other than Permitted
Exceptions;
(vii) Progress Reports. Written statements from the Contractor and
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Lessee setting forth and describing the progress of construction, the date
when it is anticipated that construction will be completed, and the causes
of delays or problems which could reasonably be expected to delay or
prevent completion of the Renovations; and
(viii) Change Orders. All change order information since the later of
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June 30, 1993 or the date of the last Advance (to the extent not
theretofore submitted to Lessor pursuant to Section 21.6(a), which change
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orders shall be made in accordance with Section 21.6(a).
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(b) Financial Condition and Defaults. No material adverse change in the
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financial condition or operations of Guarantor and its subsidiaries shall have
occurred at any
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Source: ADVANCED MICRO DEVIC, 10-K, March 07, 1995