AMD 1994 Annual Report Download - page 298

provided, that if the aggregate amount of Offshore Rate Loans shall have been
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reduced, by payment, prepayment, or conversion of part thereof to be less than
$1,000,000, the Offshore Rate Loans shall automatically convert into Base Rate
Loans, and on and after such date the right of the Company to continue such
Loans as Offshore Rate Loans shall terminate.
(b) The Company shall deliver a Notice of Conversion/Continuation
(including delivery via facsimile confirmed immediately by a telephone call), to
be received by the Administrative Agent not later than 9:00 a.m. (San Francisco
time) at least (i) three Business Days in advance of the Conversion Date or
continuation date, if the Loans are to be converted into or continued as
Offshore Rate Loans; and (ii) on the Conversion Date or continuation date, if
the Loans are to be converted into Base Rate Loans, specifying:
(A) the proposed Conversion Date or continuation date;
(B) the aggregate amount of Loans to be converted or renewed;
(C) the nature of the proposed conversion or continuation; and
(D) the duration of the requested Interest Period, if the Loans
are to be converted into or continued as Offshore Rate Loans.
(c) If upon the expiration of any Interest Period applicable to
Offshore Rate Loans, the Company has failed to select a new Interest Period to
be applicable to such Offshore Rate Loans, or if any Default or Event of Default
shall then exist, the Company shall be deemed to have elected to convert such
Offshore Rate Loans into Base Rate Loans effective as of the expiration date of
such current Interest Period.
(d) Upon receipt of a Notice of Conversion/ Continuation, the
Administrative Agent will promptly notify each Bank thereof, or, if (i) the
Company has failed to select a new Interest Period or (ii) the Administrative
Agent has received notice of a Default or Event of Default pursuant to Section
9.5, the Administrative Agent will promptly notify each Bank of the details of
any automatic conversion.
(e) All conversions and continuations shall be made pro rata by each
Bank according to the respective outstanding principal amounts of the Loans with
respect to which the Notice of Conversion/Continuation was given.
24.
Source: ADVANCED MICRO DEVIC, 10-K, March 07, 1995