AMD 2000 Annual Report Download - page 246

SECTION 3.4 Time of Class C Sponsors' Loans. The Class C Sponsors' Loans will
be made in cash and in Same Day Funds and will be made in full, pursuant to
Section 4.07 of the AMD Inc. Senior Secured Note Indenture (prior to giving
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effect to the Third Supplemental Indenture dated as of July 28, 2000), without
utilizing any of the provisions contained in the first proviso to Section
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4.07(iv) thereof, by the Contribution Date at the latest.
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SECTION 3.5 Additional Sponsors' Loans. In addition to the Class A Sponsors'
Loans and the Class C Sponsors' Loans, the Sponsors (or either of them) may,
from time to time, at their option make additional Sponsors' Loans in order to
fulfil their respective obligations contained herein or otherwise to provide
additional funds to AMD Saxonia.
For the avoidance of doubt, the additional Sponsors' Loan in an amount of
$34,000,000 made by AMD Inc. to AMD Saxonia on 26 September 1997:
(i) is hereby expressly agreed by the parties hereto to be an additional
Sponsors' Loan pursuant to the terms of this Section 3.5 and
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subordinated as a Junior Liability (under, and as defined in, the
Sponsors' Subordination Agreement); and
(ii) shall not relieve the Sponsors from any obligation to make Class A
Sponsors' Loans or Class C Sponsors' Loans in accordance with Sections
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3.2, and 3.4 above respectively.
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SECTION 3.6 Terms of Sponsors' Loans. The making of Sponsors' Loans will be
made on the terms, and shall be subject to the conditions, contained in the
Sponsors' Loan Agreement which, as provided in Section 3.1, is intended to
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reflect, rather than to be in addition to, the obligations of the Sponsors
contained in this Article III.
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SECTION 3.7 Undertaking to make Revolving Loans/Terms of Revolving Loans. The
Sponsors hereby jointly and severally undertake that either Sponsor or both
Sponsors will make available to AMD Saxonia an unsecured, subordinated revolving
loan facility in an aggregate principal amount of $ 500,000,000 (five hundred
million Dollars) with a term of no earlier than 31 March, 2006 and bearing
interest at a rate not in excess of 1% (one per cent) per annum over the
Applicable Rate (as defined in the Revolving Loan Facility Agreement), on and
subject to the terms and conditions contained in the Revolving Loan Facility
Agreement, which is intended to reflect, rather than to be in addition to, the
obligations of the Sponsors contained in this Article III, to the extent
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applicable to Revolving Loans.
SECTION 3.8 Time of Revolving Loans. Revolving Loans will be made in cash and
in Same Day Funds:
(i) in such amounts as shall be required from time to time to ensure that
as from 1 July 2001, the Minimum Liquidity Covenant is complied with
at all times and, in any event, upon first written demand by the
Security Agent at any time and from time to
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Source: ADVANCED MICRO DEVIC, 10-K405, March 20, 2001