AMD 2000 Annual Report Download - page 155

5.2.6 the Agent has received evidence reasonably requested by it that all the
governmental approvals, permits and measures necessary according to the
progress of the Project have been granted and, or taken, in accordance
with Part B of Schedule 20 as well as, at the beginning of each Project
-----------
Phase, a legal opinion acceptable to it from Norr, Stiefenhofer & Lutz
relating to the completeness and the legal validity of such approvals,
permits and measures;
5.2.7 the Agent has received at the beginning of each then current Project
Phase confirmation in the form of the Scheduled Project Phase Technical
Completion Certificates in accordance with Schedules 9 and 10 stating
----------- --
that the relevant preceding Project Phase has been completed;
5.2.8 the Agent has received at the end of each calendar year confirmations
from AMD Saxonia's Insurance Brokers in the form of Annexes I and II of
Schedule 22 as well as confirmation of the Insurance Advisor pursuant to
-----------
(S) 5.1.13;
5.2.9 the Agent has received all evidence reasonably requested by it relating
to compliance with or the enforceability of AMD Saxonia's obligations
under this Agreement and the Security Documents.
(S) 6
Interest, Commitment Fee, Payments
6.1 AMD Saxonia may elect, by a notification in a Drawdown Notice and/or an
interest rate notice, whether a variable rate, a fixed rate or a
combination of variable and fixed rates should apply to drawings under
Facility A.
The rate of interest applicable to each advance drawn and the Interest
Period applicable thereto as determined in accordance with (S) 6.2 shall
be, at AMD Saxonia's option:
(i) in respect of a fixed rate, the sum of the Reference Rate and the
margin,
(ii) in respect of a variable rate, the sum of the LIBOR-Rate and the
margin.
6.1.1 The Reference Rate is the arithmetic mean (rounded up to the fourth
--------------
decimal place) of the fixed rates per annum for DM interest rate swaps
(fixed rate as against 6 months LIBOR) in an amount equal to the
relevant advance for the Interest Period requested by AMD Saxonia, as
corresponds to the rate quoted by the Reference Banks at 11.00 a.m.
(London time) as the offered rate on the second Banking Day prior to the
relevant Interest Period, as determined by the Paying Agent.
The LIBOR-Rate is the DM interest rate per annum in the London Interbank
----------
Market which in accordance with "Telerate Screen" page 3750 (or such
other page as may be substituted for page 3750 on that system for the
purpose of displaying offered rates for DM deposits) is quoted as the
offered rate at 11.00 a.m (London time) on the second Banking Day prior
to the relevant Interest Period for such Interest Period.
22
Source: ADVANCED MICRO DEVIC, 10-K405, March 20, 2001