AMD 2000 Annual Report Download - page 173

(i) within thirty (30) days after the end of each calendar quarter a
status report in the form set out in Schedule 8, as amended;
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(ii) within sixty (60) days of the end of each quarter of each financial
year, or in the case of the last quarter of a financial year within
ninety (90) day of such quarter and within ninety (90) days after
the end of each Project Phase a Statement as to the Use and Source
of Funds and compliance with the reimbursement obligations of the
AMD Saxonia Wafer Purchase Agreement in accordance with Schedule 16,
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as amended, signed by the Auditor; and
(iii) at the latest by 28 February 2002, a status report as of 31 December
2001 relating to the Project prepared by the Technical Advisor
updating (and in form similar to) the Technical Appraisal of the
Technical Advisor dated 5 October 2000.
16.3 AMD Saxonia will inform the Agent promptly in writing in the event that
production in the Fabrication Facility or research activity in the Design
Center is not undertaken at any time after first commercial shipment of
Products (as defined in the AMD Saxonia Wafer Purchase Agreement) for a
period of more than five (5) successive days or if legal administrative or
arbitration proceedings are instituted or threatened against AMD Saxonia or
AMD Holding which may have a material adverse affect on the assets or
ability of AMD Saxonia or AMD Holding to comply with its obligations under
the Operative Documents.
16.4 AMD Saxonia will inform and keep the Agent informed in a reasonable manner
of all circumstances relating to the operations of AMD Saxonia and its
other activities as well as its economic situation to the extent required
by the Agent or any Bank or to the extent the same may have a material
adverse effect on AMD Saxonia's financial position or the viability of the
Project. This obligation also applies to circumstances affecting any
affiliate of AMD Saxonia and which may materially adversely affect the
operations or other activities or economic position of AMD Saxonia or the
assets which are the subject matter of the Security Documents.
16.5 On any change to the Commercial or Land Registry extracts furnished to the
Agent, AMD Saxonia will promptly inform the Agent of the relevant event by
providing copies of the documents to be filed with the Commercial or Land
Registry and, following filing, AMD Saxonia will provide the Agent with
certified copies of the new extracts.
(S) 17
Covenants
17.1 [left intentionally blank]
17.2 AMD Saxonia will comply in all material respects with all relevant laws and
other regulations and administrative directives applicable to it and will
on a timely basis comply with all reasonable requirements of the fiscal
authorities.
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Source: ADVANCED MICRO DEVIC, 10-K405, March 20, 2001