AMD 1994 Annual Report Download - page 317

5.10 Taxes. The Company and its subsidiaries have filed all Federal and
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other material tax returns and reports required to be filed, and have paid all
Federal and other material taxes, assessments, fees and other governmental
charges levied or imposed upon them or their Properties, income or assets
otherwise due and payable except those which are being contested in good faith
by appropriate proceedings and for which adequate reserves have been provided in
accordance with GAAP and no Notice of Lien has been filed or recorded. There is
no proposed tax assessment against the Company or any of its Subsidiaries which
would, if the assessment were made, have a Material Adverse Effect.
5.11 Financial Condition.
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(a) The unaudited consolidated statements of financial condition of
the Company and its Subsidiaries for the period ended September 25, 1994, and
the related consolidated statements of operations, shareholders' equity and cash
flows for the fiscal quarter ended on that date:
(i) were prepared in accordance with GAAP consistently applied
throughout the period covered thereby, except as otherwise expressly noted
therein;
(ii) are complete, accurate and fairly present the financial
condition of the Company and its Subsidiaries as of the date thereof and
results of operations for the period covered thereby; and
(iii) except as specifically disclosed in Schedule 5.11, show
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all material indebtedness and other liabilities, direct or contingent of
the Company and its consolidated Subsidiaries as of the date thereof,
including liabilities for taxes, material commitments and contingent
obligations.
(b) Except as specifically disclosed in the Company's Form 10-Q filed
with the SEC for the fiscal quarter ending September 25, 1994, since September
25, 1994, there has been no event or circumstances that reasonably could be
expected to have a Material Adverse Effect.
5.12 Environmental Matters.
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(a) Except as specifically disclosed in Schedule 5.12, the on-going
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operations of the Company and each of its Subsidiaries comply in all respects
with all Environmental Laws, except such non-compliance which would not (if
enforced in accordance with applicable law) result in liability in excess of
$50,000,000 in the aggregate.
43.
Source: ADVANCED MICRO DEVIC, 10-K, March 07, 1995