AMD 2000 Annual Report Download - page 258

for the relevant jurisdiction), all real property necessary or used in
the ordinary conduct of their respective businesses, except for such
defects in title as could not, individually or in the aggregate,
reasonably be expected to have a Material Adverse Effect. The property
of each AMD Company and each other Material AMD Inc. Subsidiary is
subject to no Encumbrances, other than Permitted Encumbrances.
(x) Subsidiaries; Material AMD Inc. Subsidiaries.
(a) As of the Loan Agreement Effective Date, AMD Inc. has no
Subsidiaries other than those specifically disclosed in the
Disclosure Schedules and has no equity investments in any other
Person other than those specifically disclosed in the Disclosure
Schedules;
(b) As of the Loan Agreement Effective Date, there are no Material
AMD Inc. Subsidiaries other than those specifically disclosed in
the Disclosure Schedules;
(c) AMD Inc. is the direct legal and beneficial owner of 100% of the
issued and outstanding shares of capital stock of AMD Holding,
all of which shares have been validly issued;
(d) AMD Holding is the direct legal and beneficial owner of 100% of
the issued and outstanding shares of capital stock of AMD
Saxonia, all of which shares have been validly issued;
(e) AMD Holding has no Subsidiaries other than AMD Saxonia, and has
no equity investments in any other Person; and
(f) AMD Saxonia has no Subsidiaries and has no equity investments in
any other Person.
(xi) Insurance.
Except as specifically disclosed in the Disclosure Schedules,
properties of each Sponsor and each "Restricted Subsidiary" (under,
and as defined in, the AMD Inc. 1999 Loan and Security Agreement) are
insured with financially sound and reputable insurance companies not
Affiliates of AMD Inc., in such amounts, with such deductibles and
covering such risks as are customarily carried by companies engaged in
similar businesses and owning similar properties in localities where
such Sponsor or such "Restricted Subsidiary" (as so defined) operates.
(xii) Copyrights, Patents, Trademarks and Licenses, Etc.
Each AMD Company and each other Material AMD Inc. Subsidiary owns or
is licensed or otherwise has the right to use all of the patents,
trademarks, service marks, trade names, copyrights, contractual
franchises, authorizations, and other rights that are reasonably
necessary for the operation of its respective businesses,
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Source: ADVANCED MICRO DEVIC, 10-K405, March 20, 2001