AMD 2000 Annual Report Download - page 266

(c) AMD Saxonia has no Subsidiaries and has no equity investments in
any other Person.
(xii) Insurance.
Except as specifically disclosed in the Disclosure Schedules,
properties of AMD Holding 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 AMD Holding operates.
(xiii) Copyrights, Patents, Trademarks and Licenses, Etc.
Each of AMD Holding and AMD Saxonia 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 their
respective businesses, without conflict with the rights of any other
Person, except for such conflicts, if any, which would not,
individually or in the aggregate, reasonably be expected to have a
Material Adverse Effect. Except as specifically disclosed in the
Disclosure Schedules, to the best knowledge of the Sponsors:
(a) no slogan or other advertising device, product, process, method,
substance, part, or other material now employed, or now
contemplated to be employed, by AMD Holding or AMD Saxonia
infringes upon any rights held by any other Person;
(b) no claim or litigation regarding any of the foregoing is pending
or, to the best knowledge of the Sponsors, threatened; and
(c) no patent, invention, device, application, principle, or any
statute, law, rule, regulation, standard, or code is pending or,
to the best knowledge of the Sponsors, proposed
which, in any case described in (a), (b), or (c) above, could
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reasonably be expected to have a Material Adverse Effect.
(xiv) Taxes.
AMD Holding has filed all material German and other tax returns and
reports required to be filed, and has paid all material German and
other taxes, assessments, fees, and other governmental charges levied
or imposed upon it or its properties, income, or assets otherwise due
and payable, except those which are being contested in good faith by
appropriate proceedings and for which adequate reserves have been
provided in accordance with GAAP. There is no proposed tax assessment
against AMD Holding that would, if made, have a Material Adverse
Effect.
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Source: ADVANCED MICRO DEVIC, 10-K405, March 20, 2001