AMD 1994 Annual Report Download - page 272

ARTICLE VI
AFFIRMATIVE COVENANTS ................................................ 46
6.1 Financial Statements ....................................... 46
6.2 Certificates; Other Information ............................ 47
6.3 Notices .................................................... 48
6.4 Preservation of Corporate Existence, etc. .................. 50
6.5 Maintenance of Property .................................... 50
6.6 Insurance .................................................. 51
6.7 Payment of Obligations ..................................... 51
6.8 Compliance with Laws ....................................... 51
6.9 Inspection of Property and Books and Records ............... 51
6.10 Environmental Laws ......................................... 52
6.11 Use of Proceeds ............................................ 52
ARTICLE VII
NEGATIVE COVENANTS ................................................... 52
7.1 Limitation on Liens ........................................ 52
7.2 Disposition of Assets ...................................... 54
7.3 Consolidations and Mergers ................................. 54
7.4 Loans and Investments ...................................... 55
7.5 Transactions with Affiliates ............................... 56
7.6 Use of Proceeds ............................................ 56
7.7 Guaranty Obligations ....................................... 57
7.8 Compliance with ERISA ..................................... 57
7.9 Restricted Payments ........................................ 57
7.10 Modified Quick Ratio ....................................... 59
7.11 Minimum Tangible Net Worth ................................. 59
7.12 Leverage Ratio ............................................. 60
7.13 Fixed Charge Coverage Ratio ................................ 60
7.14 Change in Business ......................................... 60
7.15 Accounting Changes ......................................... 60
ARTICLE VIII
EVENTS OF DEFAULT .................................................... 60
8.1 Event of Default ........................................... 60
(a) Non-Payment ........................................... 60
(b) Representation or Warranty ............................ 60
(c) Specific Defaults ..................................... 60
(d) Other Defaults ........................................ 60
(e) Cross-Default ......................................... 61
(f) Bankruptcy or Insolvency .............................. 61
(g) Involuntary Proceedings ............................... 61
(h) ERISA ................................................. 62
(i) Monetary Judgments .................................... 63
(j) Non-Monetary Judgments ................................ 63
8.2 Remedies ................................................... 63
8.3 Rights Not Exclusive ....................................... 64
8.4 Certain Financial Covenant Defaults ........................ 64
iii.
Source: ADVANCED MICRO DEVIC, 10-K, March 07, 1995