AMD 1994 Annual Report Download - page 337

of the Controlled Group engages in or otherwise becomes liable for a non-exempt
prohibited transaction and the initial tax or additional tax under section 4975
of the Code relating thereto might reasonably be expected to exceed five percent
(5%) of the Company's Consolidated Tangible Net Worth at such time; (ix) a -
violation of section 404 or 405 of ERISA or the exclusive benefit rule under
section 401(a) of the Code if such violation might reasonably be expected to
expose a member or members of the Controlled Group to monetary liability in
excess of five percent (5%) of the Company's Consolidated Tangible Net Worth at
such time; (x) any member of the Controlled Group is assessed a tax under
section 4980B of the Code in excess of five percent (5%) of the Company's
Consolidated Tangible Net Worth at such time; or (xi) the occurrence of any
combination of events listed in clauses (iii) through (x) that involves a
potential liability, net increase in aggregate Unfunded Pension Liabilities,
unfunded liabilities, or any combination thereof, in excess of five percent (5%)
of the Company's Consolidated Tangible Net Worth at such time; or
(i) Monetary Judgments. One or more non-interlocutory judgments,
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orders or decrees shall be entered against the Company or any of its
Subsidiaries involving in the aggregate a liability (not fully covered by
insurance where the availability of such insurance coverage is not in
substantial dispute) as to any single or related series of transactions,
incidents or conditions, of $50,000,000 or more, and the same shall remain
unvacated and unstayed pending appeal for a period of 30 days after the entry
thereof; or
(j) Non-Monetary Judgments. Any non-monetary judgment, order or
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decree shall be rendered against the Company or any of its Subsidiaries which
does or would reasonably be expected to have a Material Adverse Effect, and
there shall be any period of 10 consecutive days during which a stay of
enforcement of such judgment or order, by reason of a pending appeal or
otherwise, shall not be in effect.
8.2 Remedies. If any Event of Default occurs, the Administrative Agent
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shall, at the request of, or may, with the consent of, the Majority Banks:
(a) declare the Commitment of each Bank to make Loans to be
terminated, whereupon such Commitments shall forthwith be terminated;
(b) declare the unpaid principal amount of all outstanding Loans,
all interest accrued and unpaid thereon, and all other amounts owing or payable
hereunder or under any other Loan Document to be immediately due and payable,
together with amounts owing under Section 3.4; without presentment, demand,
63.
Source: ADVANCED MICRO DEVIC, 10-K, March 07, 1995