AMD 1994 Annual Report Download - page 83

stayed or the payment of which is covered in full (subject to a customary
deductible) by insurance maintained with responsible insurance companies;
provided, however that no Liens otherwise permitted by (a) through (g) above
- - -------- -------
shall be permitted if such Liens are otherwise prohibited under either of the
Leases or the Consent Agreement.
SECTION 4.2.3 Financial Condition. Guarantor will not permit at any
-------------------
time:
(a) Its Tangible Net Worth to be less than the sum of: (i)
$700,000,000, (ii) 75% of Net Income for each Fiscal Quarter commencing
with the Fiscal Quarter commencing January 1, 1992, and (iii) 100% of all
additional equity;
(b) Its Quick Ratio to be less than 1.1 to 1.0.
(c) Its Debt to Tangible Net Worth Ratio to be greater than 0.75 to
1.00.
(d) Its Fixed Charge Coverage Ratio for the immediately preceding
period of four Fiscal Quarters to be less than 1.25 to 1.00.
Guarantor agrees that if any financial covenant set forth in the Bank of America
Credit Agreement or any other loan or debt facility in an amount equal to or
greater than $50,000,000 provides at any time, for a greater Tangible Net Worth
requirement, lesser Debt to Tangible Net Worth ratio, greater Quick Ratio or
greater Fixed Charge coverage ratio as set forth above, then all or any of the
above requirements and ratios shall be deemed modified to be at least equal to
any such covenant or ratio applicable to Guarantor and any of its Subsidiaries
as set forth in the Bank of America Credit Agreement or such other facility.
SECTION 4.2.4 Restricted Payments, etc. If any Default or default or
------------------------
breach hereunder shall have occurred and be continuing:
(a) Guarantor will not declare, pay or make any dividend or
distribution (in cash, property or obligations) on any shares of any class
of capital stock (now or hereafter outstanding) of Guarantor or on any
warrants, options or other rights with respect to any shares of any class
of capital stock (now or hereafter outstanding) of Guarantor (other than
dividends or distributions payable in its common stock or warrants to
purchase its common stock or splitups or reclassifications of its stock
into additional or other shares of its common stock) or apply, or permit
any of its Subsidiaries to apply, any of its funds, property or assets to
the purchase, redemption, sinking fund or other retirement of, or agree or
permit any of its Subsidiaries to purchase or
27
Source: ADVANCED MICRO DEVIC, 10-K, March 07, 1995