AMD 2000 Annual Report Download - page 156

To the extent that no interest rate is displayed on the relevant
"Telerate Screen" page at the relevant time on any day for the
determination of the interest rate, the rate determined by the Paying
Agent shall be the arithmetic mean (rounded to the fourth decimal place)
quoted to the Paying Agent by the Reference Banks as the DM interest
rate per annum at which the Reference Banks offer to prime banks in the
London Interbank Market on the relevant date at 11.00 a.m. London time
for deposits for the relevant period and in an amount comparable to the
relevant advance.
If any Reference Bank does not notify such a rate to the Paying Agent
for any relevant period, the LIBOR-Rate and/or the Reference Rate as
applicable shall be determined on the basis of the rates notified by the
other Reference Banks.
6.1.2 The margin applicable to Facility A prior to 31 December 2001 shall be
one percent (1.00%) per annum. After 31 December 2001, the margin shall
be calculated by reference to:
(a) the rating of the public long-term senior unsecured debt securities
of AMD Inc. by Moody's Investor Services, Inc. (or any successor or
other undertaking which has assumed the relevant functions of
Moody's Investor Service, Inc. which is a rating agency of
international repute) in effect at the relevant time; and
(b) the ratio (expressed as a percentage of utilization) of outstanding
advances under Facility A to DM 1,500,000,000,-,
in each case, corresponding to the interest rate set out in the right
hand column of the following table:
=======================================================================================
Rating Utilisation percentage Margin
=======================================================================================
less than "investment grade 70% or more 1.00% per annum;
(Baa3)" or no rating
---------------------------------------------------------------------------------------
less than "investment grade at least 50% but less than 70% 0.90% per annum;
(Baa3)" or no rating
---------------------------------------------------------------------------------------
less than "investment grade less than 50% 0.75% per annum;
(Baa3)" or no rating
---------------------------------------------------------------------------------------
"investment grade (Baa3)" or 70% or more 0.75% per annum;
better
---------------------------------------------------------------------------------------
"investment grade (Baa3)" or at least 50% but less than 70% 0.70% per annum; and
better
---------------------------------------------------------------------------------------
"investment grade (Baa3)" or less than 50% 0.55% per annum.
better
=======================================================================================
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Source: ADVANCED MICRO DEVIC, 10-K405, March 20, 2001