AMD 1994 Annual Report Download - page 87

The Collateral Account shall serve as security for the payment and
performance by Lessor of the Obligations. In the event of an Event of Default
under either of the Leases, including without limitation Lessee's failure to
perform its obligations under Section 41 of each of the Leases or the
Guarantor's failure to promptly perform and/or pay pursuant to this Guaranty,
Lessor is authorized, without giving written notice to, or the requirement that
any action be taken by, Guarantor to apply for the benefit of Lessor all or any
part of the Collateral Account to the payment of the Obligations. The rights of
the Lessor with respect to the Collateral Account are in addition to and not in
limitation of Lessor's other rights and remedies under this Guaranty and each of
the Leases, including without limitation the right of Lessor to declare an Event
of Default upon the occurrence of any event described in Section 5.1 above or to
demand that Guarantor purchase the Property pursuant to the last sentence in the
final paragraph of Section 2.3 of this Guaranty, and each such other right and
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remedy may be exercised independently of Lessor's rights under this Article V.
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ARTICLE VI
MISCELLANEOUS PROVISIONS
SECTION 6.1 Successors, Transferees and Assigns; Transfers of Notes, etc.
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This Guaranty shall be binding upon Guarantor and its successors, transferees
and assigns and inure to the benefit of and be enforceable by the Lessor and its
successors, transferees and assigns, including without limitation any assignee
of all or any portion of Lessor's interest in the Leases or the Property.
SECTION 6.2 Amendments, etc. No amendment to or waiver of any provision
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of this Guaranty, nor consent to any departure by either Guarantor herefrom,
shall in any event be effective unless the same shall be in writing and signed
by Lessor, and then such waiver or consent shall be effective only in the
specific instance and for the specific purpose for which given.
SECTION 6.3 Notices. All notices, requests, demands and other
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communications required or permitted hereunder shall be in writing and shall be
deemed to have been duly given when delivered by hand or on two business days
following consignment (freight prepaid) to a commercial overnight air courier
service or seven business days after being mailed, first class with postage
prepaid, return receipt requested:
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Source: ADVANCED MICRO DEVIC, 10-K, March 07, 1995