AMD 1995 Annual Report Download - page 199

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NOW THIS DEED WITNESSETH as follows:--
1. DEFINITIONS
In this Guarantee, except where the context otherwise requires:-
"United States Dollar(s)" and "US $" mean the lawful currency of
the United States of America;
"Business Day" means in relation to United States Dollars, a day
(other than Saturday or Sunday) on which commercial banks are
open for dealings in deposits of United States Dollars in both
Suzhou, The People's Republic of China and New York;
"Guarantee" means this Guarantee as from time to time amended,
modified or supplemented (and any document which amends,
modifies or supplements this Guarantee);
Words (including words defined herein) denoting the singular
number only shall include the plural and vice versa.
The words "written" and "in writing" include any means of
visible reproduction.
References to "Clauses" are to be construed as references to
clauses of this Guarantee. Any reference to a sub-Clause or a
paragraph is to a sub-Clause or paragraph of the Clause in which
such reference appears.
2. GUARANTEE
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2.1 In consideration of CSSD agreeing at the request or the Company
and the Guarantor to enter into the Contract with the Company
and to the Company paying the Land Price by way of instalments
in accordance with the terms of the Contract and in
consideration of the sum of US$1O/- paid by CSSD (the receipt
and sufficiency of which is hereby acknowledged by the
Guarantor), the Guarantor hereby irrevocably and unconditionally
guarantees to CSSD as principal obligor and not merely as
surety, that if for any reason the Company does not pay all or
any part of the Secured Sum by the time, on the date and in the
manner specified in the Contract, the Guarantor will pay that
sum, in the currency in which that sum is payable by the Company
under the Contract.
2.2 The Guarantor shall make payment to CSSD immediately upon first
demand given by CSSD to the Guarantor without requiring CSSD to
take any further step in relation to the Company except that
CSSD agrees to give the Guarantor written notice that the
Company has failed to pay any
Source: ADVANCED MICRO DEVIC, 10-K405, March 21, 1996