AMD 1994 Annual Report Download - page 139

convey to Lessee, and Lessee shall purchase from Lessor, Lessor's interest
in the Land. The purchase price to be paid by Lessee for the Land shall be
an amount equal to the Balance Due as of the closing date of Lessee's
purchase of the Land. As a condition to Lessor's obligations hereunder,
Lessee shall also pay to Lessor all Basic Rent, Additional Rent and other
amounts that may have accrued as of such date.
25. Purchase. Section 41.2 is hereby deleted and replaced with the
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following:
41.2 Expiration Date Obligation to Pay and Purchase. Unless Lessee
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shall have exercised the Purchase Option, then, subject to the terms,
conditions and provisions set forth in this Section 41, Lessee shall be
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required to purchase all of Lessor's interest in the Land and pay to Lessor
the Balance Due as of the Expiration Date along with all accrued Basic
Rent, Additional Rent and other amounts then due. Upon receipt of such
amount, Lessee shall be deemed to have purchased from Lessor, and Lessor
shall convey to Lessee, on the Expiration Date all of Lessor's interest in
the Land. Lessee acknowledges that under Section 41 of the Building Lease,
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Lessee shall be obligated to pay the Balance Due (as defined in the
Building Lease) under the Building Lease and purchase the Building
simultaneously with the purchase of the Land. Lessee may designate, in a
notice given to Lessor not less than ten (10) days prior to the closing of
such purchase (time being of the essence), a transferee to whom the
conveyance shall be made (if other than to Lessee), in which case such
conveyance shall (subject to the terms and conditions set forth herein) be
made to such designee; provided, however, that such designation of a
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transferee shall not cause Lessee to be released, fully or partially, from
any of its obligations under this Lease, including without limitation its
obligation to pay the Balance Due on the Expiration Date and all other
accrued amounts.
26. Acceleration of Purchase Obligation. Section 41.3 is hereby deleted
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and replaced with the following:
41.3 Acceleration of Expiration Date Obligation. Lessee shall be
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obligated to purchase Lessor's interest in the Land and pay to Lessor the
Balance Due along with all amounts which have accrued and are due and
payable hereunder immediately upon the occurrence of any Event of Default
specified in clauses (k) or (l) of Section 25.1. Further, notwithstanding
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anything contained herein to the contrary, at any time upon the occurrence
and during the continuance of an Event of Default, if Lessor gives Lessee a
notice
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Source: ADVANCED MICRO DEVIC, 10-K, March 07, 1995