AMD 1995 Annual Report Download - page 175

to the Use of the Land". Upon the termination or expiration of the
lease, the parties to the lease shall complete the formalities for
de-registration with the original registration department.
Clause 26 Upon the Leasing Out of the Right to the Use of the Land in a Land
Plot under this Contract, Party B shall continue to perform this
Contract.
CHAPTER 8 MORTGAGE OF THE RIGHT
TO THE USE OF THE LAND
Clause 27 Party B shall be entitled to subject the balance of the tenure of the
right to the use of the land of any Land Plot under this Contract to
one or more mortgages to one or more mortgagees. The contract for
mortgage of the right to the use of the land entered between Party B
and a mortgagee shall not contravene the laws and regulations of the
State and the provisions of this Contract. All loans secured by the
mortgage shall first be used by Party B for the development of the
Land Parcel under this Contract.
Clause 28 Party B shall, 10 days before the mortgage of the right to the use of
the land, give notice to Party A of such mortgage. Party B and the
mortgagee shall, within 15 days of the execution of such contract
for mortgage, forward to Party A the notarised original copies of
such contract for mortgage and the promissory note or loan agreement
in relation to the mortgage, and the relevant annexes, and complete
the formalities for the registration of the mortgage of the right to
the use of the land, and the mortgagee shall collect a "Certificate
for the Mortgage of the Right to the Use of the Land". Upon the
termination of a mortgage, the formalities for
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Source: ADVANCED MICRO DEVIC, 10-K405, March 21, 1996