AMD 1994 Annual Report Download - page 326

therefrom, and to discuss their respective affairs, finances and accounts with
their respective directors, officers, and independent public accountants, all at
the expense of the Company and at such reasonable times during normal business
hours and as often as may be reasonably desired, upon reasonable advance notice
to the Company; provided, however, when an Event of Default exists the
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Administrative Agent or any Bank may visit and inspect at the expense of the
Company such Properties at any time during business hours and without advance
notice.
6.10 Environmental Laws. The Company shall, and shall cause each of its
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Subsidiaries to, conduct its operations and keep and maintain its Property in
compliance with all Environmental Laws.
6.11 Use of Proceeds. The Company shall use the proceeds of the Loans
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for working capital and other general corporate purposes not in contravention of
any Requirement of Law.
ARTICLE VII
NEGATIVE COVENANTS
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The Company hereby covenants and agrees that, so long as any Bank shall
have any Commitment hereunder, or any Loan or other Obligation shall remain
unpaid or unsatisfied, unless the Majority Banks waive compliance in writing:
7.1 Limitation on Liens. The Company shall not, and shall not suffer
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or permit any of its Subsidiaries to, directly or indirectly, make, create,
incur, assume or suffer to exist any Lien upon or with respect to any part of
its Property, whether now owned or hereafter acquired, other than the following
("Permitted Liens")
(a) any Lien existing on the Property of the Company or its
Subsidiaries on the date of this Agreement and set forth in Schedule 7.1
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securing Indebtedness outstanding on such date;
(b) any Lien created under any Loan Document;
(c) Liens for taxes, fees, assessments or other governmental
charges which are not delinquent or remain payable without penalty, or to the
extent that non-payment thereof is permitted by Section 6.7, provided that no
Notice of Lien has been filed or recorded;
(d) carriers', warehousemen's, mechanics', landlords',
materialmen's, repairmen's or other similar Liens arising in the Ordinary Course
of Business which are not
52.
Source: ADVANCED MICRO DEVIC, 10-K, March 07, 1995