AMD 1999 Annual Report Download - page 71

"Applicable Fee Amount" means, for purposes of calculating the commitment
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fee hereunder for any date, 0.50% per annum.
(ii) The definition of Applicable Margin set forth in
Section 1.01 of the Credit Agreement is hereby amended and restated in its
entirety as follows:
"Applicable Margin" means, for any day, (i) 1.50% per annum with respect to
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any Base Rate Loan and (ii) 2.75% per annum with respect to any Offshore
Rate Loan.
(iii) A new Section 5.21 is hereby added to the Credit
Agreement as follows
"5.21 Year 2000. On the basis of a comprehensive review and assessment
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undertaken by the Company of the Company's and its Subsidiaries' computer
applications and an assessment by the Company of the Company's and its
Subsidiaries' material suppliers, vendors and customers, the Company reasonably
believes that the "Year 2000 problem" (that is, the risk that the computer
applications used by any Person may be unable to recognize and perform properly
date-sensitive functions involving certain dates prior to and any date after
December 31, 1999) will not result in a Material Adverse Effect."
(iv) Section 7.04(g) is hereby amended and restated in its
entirety as follows:
"(g) Investments (i) by the Company in the capital stock of the Vantis
Subsidiary, made in exchange for asset transfers permitted under Section
7.02(d), (ii) by the Vantis Subsidiary in the capital stock of one or more of
its Wholly-Owned Subsidiaries, made in exchange for asset transfers permitted
under Section 7.02(d) and (iii) in connection with the Disposition of the
capital stock or assets of the Vantis Subsidiary (the "Vantis Disposition"), as
permitted by waiver in the Seventh Amendment to Credit Agreement and Waiver
dated as of April 8, 1999 (the "Seventh Amendment"), by the Company in the
capital stock of Vantis Corporation or in the entity acquiring the Vantis
Subsidiary as a portion of the consideration for the sale or transfer of the
assets or capital stock of the Vantis Subsidiary, to the extent such Investments
are permitted by waiver as set forth in the Seventh Amendment."
(v) Section 7.15 is hereby amended and restated in its
entirety as follows:
"7.15 Modified Quick Ratio. The Company shall not as of the end of
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any fiscal quarter suffer or permit its ratio (determined on a Consolidated
basis) of (a) cash plus the value (valued in accordance with GAAP) of all
Cash Equivalents, other than Cash Equivalents subject to a Lien securing
Indebtedness, plus net Receivables, plus Fujitsu Receivables, to (b)
Consolidated Current Liabilities, to be less than (i) 0.75 to 1.00 at the
end of each of the first, second and third fiscal quarters of 1999, (ii)
0.80 to 1.00 at fiscal year-end 1999, (iii) 0.90 to 1.00 at the end of the
first fiscal quarter of 2000, and (iv) 1.00 to 1.00 at the end of the
second fiscal quarter of 2000 and thereafter."
(vi) Section 7.16 of the Credit Agreement is hereby amended
and restated in its entirety as follows:
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Source: ADVANCED MICRO DEVIC, 10-K405, March 21, 2000