AMD 1997 Annual Report Download - page 168
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(vi) In Article III, there shall be added a new Section 3.4 and the
previous Section 3.4 will be renumbered 3.5 and shall be replaced
as follows:
"SECTION 3.4 Time of Class C Sponsors' Loans. The Class C Sponsors' Loans
will be made in cash and in Same Day Funds and will be made as follows:
(i) by the Contribution Date at the latest, if:
(a) AMD Inc.'s Consolidated Net Income for the Fiscal Year 1998 is
equal to or greater than $140,000,000; and
(b) AMD Inc. is permitted to fund the Class C Sponsors' Loans in full
pursuant to Section 4.07 of the AMD Inc. Senior Secured Note
------------
Indenture without utilizing any of the provisions contained in the
first proviso to Section 4.07 (iv) thereof; or
------------- -----------------
(ii) if payment of the Class C Sponsors' Loans is not made in full in
accordance with sub-para (i) above:
------------
(a) AMD Inc. will by the Contribution Date at the latest make payment
to AMD Saxonia of such amount of the Class C Sponsors' Loans, if
any, as it is permitted to make pursuant to Section 4.07 of the
------------
AMD Inc. Senior Secured Note Indenture without utilizing any of
the provisions contained in the first proviso to Section 4.07 (iv)
thereof; and
(b) AMD Inc. will undertake a Stock Offering resulting in the receipt
by AMD Inc. of net cash proceeds to AMD Inc. of at least
$200,000,000 and make payment of an amount equal to the full
amount of the Class C Sponsors' Loans less any amount already
contributed under sub-para (ii) (a) above by 30 June 1999 at
-------------
the latest; provided that:
(iii) if at any time during the Fiscal Year 1998 AMD Inc. is permitted,
pursuant to the terms of Section 4.07 of the AMD Inc. Senior Secured
------------
Note Indenture without utilizing any of the provisions contained in
the first proviso to Section 4.07 (iv) thereof, to do so and:
(a) AMD Inc. makes the Class C Sponsors' Loans in full out of the
proceeds of, and forthwith following, a Stock Offering
undertaken by it in such Fiscal Year; or
(b) AMD Inc. makes the Class C Sponsors' Loans in full, having
achieved Consolidated Net Income of not less than $140,000,000
to the end of AMD Inc.'s most recently ended Fiscal Quarter for
which financial statements are available,
Source: ADVANCED MICRO DEVIC, 10-K405, March 03, 1998