AMD 1997 Annual Report Download - page 181
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and, insofar as such obligations relate to Class A
Sponsors' Loans (or additional contributions to Equity
Capital or AMD Saxonia's capital reserves in lieu
thereof), Article III of the Sponsors' Support Agreement; and
-----------
(b) following a demand for payment by the Agent under the
Sponsors' Guaranty, the Sponsors shall have paid all amounts
payable under the Sponsors' Guaranty.
(viii) the amounts set forth in this Section 2.1 are cumulative minimum
-----------
aggregate amounts for both Sponsors, collectively; nothing contained
herein shall be deemed to preclude the Sponsors (or either of them)
from making additional Sponsors' Loans in order to fulfil their
respective obligations contained in Article IV, V, VI, or VII of the
---------- - -- ---
Sponsors' Support Agreement, or for any other reason."
(vii) The following shall be added as a new Section 2.4:
"SECTION 2.4 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 to AMD Saxonia of an
amount equal to the full amount of the Class C Sponsors' Loans
less any
Source: ADVANCED MICRO DEVIC, 10-K405, March 03, 1998