AMD 2000 Annual Report Download - page 257

(b) Since December 31, 1995, there has been no Material Adverse
Effect, except as may be specifically disclosed in the
Disclosure Schedules.
(c) From July 13, 1999 to and including the effective date of the
Third Amendment to this, there has been no "Enhanced Covenant
Period" (under, and as defined in the AMD Inc. 1999 Loan and
Security Agreement) in effect.
(vi) Litigation.
Except as specifically disclosed in the Disclosure Schedules, there
are no actions, suits, proceedings, claims, or disputes pending, or to
the best knowledge of AMD Inc., threatened or contemplated, at law, in
equity, in arbitration or before any Governmental Authority, against
any AMD Company or any other Subsidiary of AMD Inc. or any of their
respective properties which:
(a) purport to affect or pertain to this Agreement or any other
Operative Document, or the entirety of the transactions
contemplated hereby or thereby; or
(b) if determined adversely to such AMD Company or such other
Subsidiary, would reasonably be expected to have a Material
Adverse Effect.
No injunction, writ, temporary restraining order, or any order of any
nature has been issued by any court or other Governmental Authority
purporting to enjoin or restrain the execution, delivery, or
performance of this Agreement or any other Operative Document, or
directing that the transactions provided for herein or therein not be
consummated as herein or therein provided.
(vii) No Default or Termination.
No Event of Default or Unmatured Event of Default, and, to the best of
AMD Inc.'s knowledge, no Event of Termination, exists. None of the AMD
Companies nor any other Subsidiary of AMD Inc. is in default under or
with respect to any Contractual Obligation in any respect which,
individually or together with all such defaults, could reasonably be
expected to have a Material Adverse Effect.
(viii) No Burdensome Restrictions.
None of the AMD Companies nor any other Subsidiary of AMD Inc. is a
party to or bound by any Contractual Obligation other than the
Operative Documents, or subject to any restriction in any
Organizational Document, or any Requirement of Law, which could
reasonably be expected to have a Material Adverse Effect.
(ix) Title to Properties; Encumbrances.
Each AMD Company and each other Material AMD Inc. Subsidiary has good
record and marketable title in fee simple to, or valid leasehold
interests in (or the equivalent
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Source: ADVANCED MICRO DEVIC, 10-K405, March 20, 2001