AMD 1994 Annual Report Download - page 280

under any revolving credit arrangement in effect after termination of the
BofA Agreement.
"Consolidated Tangible Net Worth" means, at any time of
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determination, in respect of the Company and its Subsidiaries, determined
on a consolidated basis, total assets (exclusive of goodwill, licensing
agreements, patents, trademarks, trade names, organization expense,
treasury stock, unamortized debt discount and premium, deferred charges and
other like intangibles) less total liabilities (including accrued and
deferred income taxes and Subordinated Debt), at such time.
"Contractual Obligations" means, as to any Person, any obligation
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of any security issued by such Person or of any agreement, undertaking,
contract, indenture, mortgage, deed of trust or other instrument, document
or agreement to which such Person is a party or by which it or any of its
Property is bound.
"Controlled Group" means the Company and all Persons (whether or
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not incorporated) under common control or treated as a single employer with
the Company pursuant to Section 414(b), (c), (m) or (o) of the Code.
"Conversion Date" means any date on which the Company elects to
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convert a Base Rate Loan to an Offshore Rate Loan; or an Offshore Rate Loan
to a Base Rate Loan.
"Convertible Exchangeable Preferred Repurchase Program" means the
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repurchase or redemption by the Company of Convertible Exchangeable
Preferred Stock in consideration for the issuance of shares of common stock
of the Company or the payment of cash by the Company; provided, however,
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that no payment of cash shall be made by the Company on account of such
repurchase or redemption, unless:
(a) the Company has entered into a firm standby arrangement
with an underwriting firm of national repute whereunder such
underwriting firm is obligated, subject to customary conditions and
termination events, to purchase common stock from the Company at a
price and in an amount sufficient to fund the repurchase or
redemption of the Convertible Exchangeable Preferred Stock, which
standby arrangement shall be used by the Company to the maximum
possible extent to fund such repurchase or redemption of
Convertible Exchangeable Preferred Stock;
6.
Source: ADVANCED MICRO DEVIC, 10-K, March 07, 1995