AMD 2000 Annual Report Download - page 267

(xv) Governmental Approvals with Respect to the Operative Documents.
As of the date on which this representation and warranty is made or
reaffirmed, as the case may be, all Governmental Approvals (including,
without limitation, from the European Union, the Federal Republic of
Germany, and the Free State of Saxony) necessary for the due
authorization, execution, delivery, and performance by each of AMD
Holding and AMD Saxonia of, the legality or validity of the
obligations of each of such AMD Companies under, or the enforceability
against each of such AMD Companies of, each of the Operative Documents
to which it is a party and the due and timely payment by each of such
AMD Companies of amounts owing under each of the Operative Documents
have been listed on Schedule 20 to the Loan Agreement and, except as
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otherwise noted therein, all of such Governmental Approvals have been
duly obtained or effected, and are in full force and effect, on the
Loan Agreement Effective Date.
(xvi) Governmental Approvals with Respect to the Plant and the Design
Center.
As of the date on which this representation and warranty is made or
reaffirmed, as the case may be, all Governmental Approvals necessary
for the construction, ownership, use, and operation by AMD Saxonia of
the Plant and the Design Center or which are required in order that
the Plant and the Design Center may be operated for their intended
purposes and Perform in Accordance with the Plans and Specifications,
have been listed on Schedule 20 to the Loan Agreement, and all of such
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Governmental Approvals (except those listed in Part B of Schedule 20
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to the Loan Agreement) have been duly obtained or effected, are
sufficient for all purposes thereof, and are in full force and effect
on such date (and, in the case of Government Approvals that have
expired, each of AMD Holding and AMD Saxonia has timely applied for
renewal thereof and such Governmental Approvals have been
administratively extended under applicable law); and the Sponsors
reasonably believe, after due inquiry, that the Governmental Approvals
set forth in Schedule 20 to the Loan Agreement, together with all
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Governmental Approvals, if any, that may be required in connection
with the transactions contemplated by the Operative Documents
subsequent to the date on which this representation and warranty is
made or reaffirmed, as the case may be, will be obtained at such time
or times as may be necessary to avoid material delay in, or material
restrictions on the use or operation of, the Plant and the Design
Center.
(xvii) Interruption of Business.
Neither the business nor the properties of AMD Holding or AMD Saxonia
are presently affected by any fire, explosion, accident, strike,
lockout, or other dispute, drought, storm, hail, earthquake, embargo,
Act of God, or of the public enemy, or other casualty (whether or not
covered by insurance) which impairs, or, if such event or condition
were to continue for more than thirty (30) additional days would be
likely to impair, such AMD Company's ability to perform its
obligations under the Operative Documents.
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Source: ADVANCED MICRO DEVIC, 10-K405, March 20, 2001