AMD 2000 Annual Report Download - page 157

Adjustments to the margin in respect of each advance shall be made at the
beginning of the next Interest Period and/or at the next interest payment
date as set out in (S) 6.6, as the case may be.
AMD Saxonia shall ensure that the Interest Periods elected by it always
correspond with the repayment schedule in (S) 7.2 of this Agreement. To the
extent that any advance must be prepaid prior to the Interest Period agreed
therefor in order to comply with such repayment schedule, the provisions of
(S) 7.5 shall apply accordingly.
6.2 In respect of a variable interest rate, the Interest Periods shall be 1, 3,
6 or 12 months (to the extent available). The Interest Periods in respect
of fixed interest rates shall be of a duration of integral multiples of one
year or of such duration as AMD Saxonia and the Agent may agree in order to
match the dates on which repayment instalments are made in accordance with
(S) 7.2 but shall not in any event exceed five nor be less than two years.
Upon the Agent's request, AMD Saxonia will consolidate individual
outstanding advances so that not more than ten separate advances are
outstanding at any one time.
6.3 AMD Saxonia will notify the Agent, with a copy to the Paying Agent, in an
irrevocable Drawdown Notice and/or an interest rate notice to be received
at the latest by the fifth Banking Day prior to an Interest Period of the
relevant interest rate (variable or fixed rate), the amount for which the
specified interest rate shall apply and the duration of the relevant
Interest Period. If the Agent has not received in the time specified
therefor an interest rate notice in the form set out in Schedule 4 for the
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next Interest Period, the relevant advance shall be for an Interest Period
of the same duration as the previous Interest Period and bear interest on
the same interest rate basis applicable to such Period.
6.4 The first Interest Period for each advance will commence on the date of
drawing. Each succeeding Interest Period will commence on the expiration of
the immediately preceding Interest Period. If the last day of an Interest
Period does not fall on a Banking Day, the Interest Period shall be deemed
to end on the next following Banking Day or if the Interest Period relates
to an advance bearing interest at a variable rate and the next following
Banking Day would otherwise fall in the next calendar month, such Interest
Period shall be deemed to end on the immediately preceding Banking Day. If
an Interest Period for any advance would otherwise extend beyond a due date
for payment pursuant to (S) 7.2 of this Agreement, the relevant Interest
Period shall be deemed to end on the relevant due date.
6.5 Interest in respect of the variable interest rate shall be calculated on
the basis of the actual number of days elapsed and a 360 day year. Interest
in respect of the fixed interest rate shall be calculated on the basis of a
30 day month and a 360 day year.
6.6 Interest shall be paid on the last day of an interest period. In the case
of an Interest Period for a variable rate advance of more than 3 months
interest shall be due and payable at the end of every 3 months. In the case
of a fixed rate advance, interest shall
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Source: ADVANCED MICRO DEVIC, 10-K405, March 20, 2001