AMD 2000 Annual Report Download - page 154

5.1.13 The Agent has received confirmations from AMD Saxonia's Insurance
Brokers in the form of Annexes I and II of Schedule 22 as well as
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confirmation from the Insurance Advisor in form and substance
satisfactory to the Agent evidencing, in particular, that AMD Saxonia
has taken out insurances in the scope required pursuant to (S) 17.8 and
Schedule 22.
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5.1.14 AMD Saxonia has registered its stated capital of at least DM 217,500,00
in the Commercial Register of which an amount of at least DM 108,750,000
has been paid up, at the latest on the date of the initial Drawdown
Notice and that a sum in this amount has been credited to a Project
Account in accordance with (S) 19.
5.1.15 The Technical Advisor has received the Plans and Specifications in form
and substance satisfactory to the Technical Advisor and the Agent has
received confirmation in writing, to that effect.
5.1.16 The conditions to initial drawing referred to in the AMD/Dresdner
Subsidy Agreement and the SAB/Dresdner Subsidy Agreement relating to the
payment of grants and subsidies have been satisfied.
5.2 Each of the following conditions must be satisfied on each drawing
(including the first) of the Facilities:
5.2.1 the Agent and the Paying Agent have received a Drawdown Notice and the
Agent has received the documents to be submitted simultaneously with
such notice pursuant to (S) 4.1. Each Drawdown Notice shall in
particular contain confirmation that the conditions referred to in (S)
5.2.2 to (S) 5.2.4 below are true and accurate;
5.2.2 the representations and warranties given by each of the AMD Companies in
each of the Operative Documents are true and accurate in all material
respects as at the date of the Drawdown Notice and will be true and
accurate as at the date of drawing, save to the extent that their
content relates solely to an earlier date;
5.2.3 as at the date of the Drawdown Notice and as at the date of drawing,
none of the events referred to in (S) 21 which would entitle the Banks
to terminate this Agreement has occurred;
5.2.4 as at the date of the Drawdown Notice and as at the date of drawing no
event which has a "Material Adverse Effect" within the meaning of the
Sponsors' Support Agreement has occurred;
5.2.5 the Agent has received a copy certified by a lawyer of each Material
Equipment Supply Contract and each Material Service Contract entered
into by such date, together with the written Consent and Agreements of
the other contracting party relating to the transfer of the relevant
contracts in the form set out in Part II of Schedule 40 or in such other
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form to which the Agent shall have consented together with all Consents
and Agreements required pursuant to the Security Documents set out in
Schedules 49 and 55 which have not already been obtained;
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Source: ADVANCED MICRO DEVIC, 10-K405, March 20, 2001