AMD 1995 Annual Report Download - page 148

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remedies available to Party A:
(a) Party A shall be entitled to unilaterally terminate this Contract by
giving notice in writing to Party B but without prejudice to any remedy
or right of action of Party A in respect of any antecedent breach of
any of the provisions of this Contract by Party B; and
(b) Party B shall be liable to Party A for all penalties calculated in
accordance with Clause 3.3 owing and unpaid and all losses, damages,
expenses and costs whatsoever resulting from any breach of this
Contract by Party B.
3.7 Party B shall make payment to SIPAC of the fee for the use of the Land
Parcel at the rate as stipulated by SIPAC from time to time. Party B shall
make a one time payment of this fee.
CHAPTER 4 MATTERS RELATING TO TRANSFER AND
REGISTRATION
4.1 Party A shall deliver vacant possession of the levelled and compacted Land
Parcel to Party B upon receipt of the sum referred to in paragraph 1(a) of
Annexure 5 provided always that Party A reserves the right before the date
of issue of the Title Documents to enter upon the Land Parcel upon giving
reasonable notice to Party B. As used herein, "vacant possession" shall
mean that the Land Parcel is delivered by Party A to Party B free from all
occupants and structures.
4.2 Subject to Party B observing and performing the several covenants and
stipulations herein contained, Party A shall assist Party B in:
(i) its submission for examination and notarization of this Contract; and
(ii) its procurement of the issue of the Title Documents.
4.3 With the exception of the land appreciation tax applicable to the Land
Parcel (if any) and business tax payable by Party A for the transfer of the
right to the use or the Land Parcel, Party B shall pay all relevant taxes,
fees and charges relating to the transfer of the right to the use of the
Land Parcel, including but not limited to pegging and survey fees,
valuation charges, stamp duty, notarization fees and documentation fees.
4.4 Party A and Party B hereby acknowledge and agree that upon the date of
delivery of vacant possession the rights, interests and obligations set out
in the Assignment Contract and the Land Use Conditions insofar as they
relate to the Land Parcel shall be transferred to Party B together with the
right to the use of the Land Parcel subject always to Clause 2.3. Party B
shall bear all taxes, outgoings and penalties relating to the Land Parcel
as
Source: ADVANCED MICRO DEVIC, 10-K405, March 21, 1996