AMD 1995 Annual Report Download - page 147

3.4 The penalty payable under Clause 3.3 shall be calculated from day to day
at the rate of 10% per annum.
3.5.1 Prior to the issue of the Title Documents, if any such unpaid
instalment(s) or penalty shall remain unpaid for any period in excess of
thirty (30) days after the due date of such instalment or penalty
(including Saturdays, Sundays and public holidays) without prejudice to
any other rights or remedies available to Party A:
(a) Party A shall be entitled to:
(i) unilaterally terminate this Contract by giving notice in
writing to Party B; and
(ii) resell or otherwise dispose of or deal with the right to the
use of the Land Parcel in accordance with applicable law as it
shall see fit; and
(b) Party B shall be liable to pay to Party A:
(i) a sum equal to fifteen per cent (15%) of the Land Price by way
of compensation; and
(ii) all penalties calculated in accordance with Clause 3.3 owing
and unpaid and all losses, damages, costs and expenses
whatsoever resulting from any breach of any of the provisions
of this Contract by Party B
and Party A shall be entitled to deduct all or any of the aforesaid
amounts from the instalments (excluding penalty) previously paid by
Party B Provided That such deduction shall not prejudice Party A's
rights to claim against Party B for any shortfall after such
deduction.
3.5.2 The balance, if any, of the instalments previously paid by Party B after
making deductions in accordance with Clause 3.5.1(b) shall be refunded to
Party B.
3.5,3 In the event of any re-sale in accordance with Clause 3.5.1(a)(ii) Party
A shall be entitled to retain any difference between the Land Price and
the net proceeds of sale (after deducting all costs and expenses incurred
in any such re-sale).
3.6 After the issue of the Title Documents, if any such unpaid instalment(s)
or penalty shall remain unpaid for any period in excess of thirty (30)
days after the due date of such instalment or penalty (including
Saturdays, Sundays and public holidays) and thirty (30) days' notice in
writing has been given to AMD and AMD had not made the required payment
before the expiry of the said notice, without prejudice to any other
rights or
Source: ADVANCED MICRO DEVIC, 10-K405, March 21, 1996