AMD 2000 Annual Report Download - page 174

17.3 AMD Saxonia will at all times promptly enforce to the full extent
reasonable all its rights under the Operative Documents and at the Agent's
request will take all reasonable steps to so do. AMD Saxonia hereby
irrevocably appoints the Agent to take all measures and to enter into all
undertakings which the Agent regards as necessary following the occurrence
of an event which entitles the Banks to terminate this Agreement.
17.4 AMD Saxonia undertakes to complete the Project in accordance with:
(i) the timetable contained in the Project Schedule (save that the
completion date of any Project Phase (other than last) may be deferred
for up to six (6) months in aggregate for all such deferrals) provided
that Completion shall be no later than 31 December 2000; and
(ii) the Plans and Specifications.
17.5 AMD Saxonia will on a timely basis and to the full extent comply with its
obligations pursuant to the Operative Documents and particular, take all
steps to enable AMD Inc. and/or AMD Holding to comply with its respective
obligations under the Sponsors' Support Agreement, in particular in
connection with the increase of AMD Saxonia's ordinary share capital as
well as the contribution of other equity capital by the Sponsors. If AMD
Saxonia intends not to comply with its obligations pursuant to the
Operative Documents it will immediately inform the Agent thereof in
writing.
17.6 AMD Saxonia will permit the Agent, the Banks' Auditor and the Technical
Advisor as well as all other advisors of the Agent who are bound by a
professional duty of confidence at all reasonable times to inspect its
properties and to examine the financial and other records of AMD Saxonia
and to discuss the affairs of AMD Saxonia and AMD Holding to the extent
relevant to this Agreement and the risk position of the Banks hereunder
with the management and competent employees. AMD Saxonia will provide
unrestricted access to its relevant records and those of AMD Holding and
make available a reasonable number of copies thereof at reasonable request.
All such inspections and examinations shall be performed in such manner as
not to unreasonably disrupt AMD Saxonia's normal business operations and
its manufacture of the products described in the preamble to this
Agreement.
17.7 AMD Saxonia will at all times maintain proper books of account and prepare
its records in accordance with general accepted book keeping and accounting
principles in Germany as consistently applied. The balance sheet
assumptions will be applied consistently by reference to generally accepted
valuation principles.
17.8 AMD Saxonia will at all times maintain insurance which in type (all
buildings, machines, other equipment, stock, business interruption, third
party liability and the like), scope and amount is at least equal to the
insurance cover of a comparable business and which, in addition, satisfies
the requirements of the Operative Documents. In particular, AMD Saxonia
undertakes to maintain the insurances referred to in Schedule 22 in the
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scope and on the terms and conditions therein referred to, save that AMD
Saxonia shall be under no obligation to maintain insurance with respect to
the risk of
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Source: ADVANCED MICRO DEVIC, 10-K405, March 20, 2001