AMD 1995 Annual Report Download - page 93

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SECOND AMENDMENT TO TERM LOAN AGREEMENT
---------------------------------------
THIS SECOND AMENDMENT TO TERM LOAN AGREEMENT (this
"Amendment"), dated as of January 12, 1996 is entered into by and among
- -----------
ADVANCED MICRO DEVICES, INC., a Delaware corporation (the "Company"), the
---------
several financial institutions party to the Term Loan Agreement referred to in
the Recitals to this Amendment (the "Banks"), ABN AMRO Bank N.V., as
Administrative Agent, and ABN AMRO Bank N.V. and CIBC Inc., as Co-Arrangers.
RECITALS
--------
A. The Company, the Banks, the Administrative Agent and the Co-Arrangers
are parties to the Term Loan Agreement dated as of January 5, 1995, as amended
by that certain First Amendment to Term Loan Agreement dated as of October
20, 1995 (as so amended, the "Term Loan Agreement"), pursuant to which the Banks
---------------------
have extended certain credit facilities to the Company.
B. The Company has requested that the Banks agree to certain amendments
of the Term Loan Agreement.
C. The Banks are willing to amend the Term Loan Agreement, subject to the
terms and conditions of this Amendment.
NOW, THEREFORE, for valuable consideration, the receipt and adequacy of
which are hereby acknowledged, the parties hereto hereby agree as follows:
1. Defined Terms. Capitalized terms not otherwise defined herein shall
-------------
have the meanings given to them in the Term Loan Agreement.
2. Amendment to the Term Loan Agreement. Section 7.3 of the Term Loan
------------------------------------
Agreement is hereby amended to add the following new subsection (d) thereto:
"(d) the merger of the Target with and into the Company,
whereupon the separate existence of the Target shall cease and the
Company shall be the surviving corporation; provided, that (i) such
--------
merger shall have been consummated on or before June 30, 1996, (ii)
such merger shall qualify as a tax-free reorganization within the
meaning of Section 368 of the Code, (iii) such merger is being
1.
Source: ADVANCED MICRO DEVIC, 10-K405, March 21, 1996