AMD 2000 Annual Report Download - page 334

income earned on deposits and investments, as well as net
payments received in respect of hedging transactions;
(c) Total Costs shall not include any AMD Saxonia costs reimbursed by
AMD Inc. pursuant to Article 11 of the AMD Saxonia Research
Agreement;
(d) Total Costs shall include all interest expense paid or accrued by
AMD Saxonia, including without limitation all interest expense
relating to loans to AMD Saxonia from third parties and from
Affiliates of AMD Saxonia.
(e) Without limiting the generality of clause (d) of this definition,
interest expense shall include interest at the rate of 7% per
annum (calculated on the basis of actual days and months and
compounded monthly) on each Sponsors' Loan and accrued but unpaid
interest at the rate of 1% over the Applicable Rate on each
Revolving Loan from the date made, irrespective of whether such
Sponsors' Loan is made as a loan or as an equity contribution,
whether such Sponsors' Loan or such Revolving Loan bears interest
at such rate, whether such interest has been waived or
capitalized or whether the obligation to pay such interest has
been deferred or subordinated. The expressions Applicable Rate,
Revolving Loan and Sponsors' Loan shall each have the meaning
ascribed thereto in the Sponsors' Support Agreement;
(f) Total Costs shall be reduced by the amount of any grants,
allowances, interest subsidies, and expense reimbursements
received by AMD Saxonia from the Republic of Germany, the
Sachsiche Aufbaubank, the Free State of Saxony, the City of
Dresden, or from any other Governmental Authority, and such
reduction shall be made in the manner specified in (iv) or (v)
below (as applicable);
(g) Total Costs in a Month in which amounts are paid by AMD Holding
to AMD Saxonia pursuant to Section 3.07 below shall be reduced by
such amount; provided that such Total Costs shall not be reduced
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by the amount of the Surcharge;
(h) Total Costs for any Month after the Effective Date shall be
increased by the amount of the Total Costs in the immediately
preceding Month. (if any) if no Products were shipped during such
preceding Month (and the parties hereto acknowledge that the
amount by which the Total Costs shall be increased pursuant to
this clause (h) therefore corresponds to the aggregate Total
Costs for all immediately preceding consecutive Months in which
no Products were Shipped, in each case without giving effect to
this clause (h));
(i) For the avoidance of doubt, Total Costs for each Month shall
neither be (a) decreased for that Month by the amount by which
the inventory at the end
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Source: ADVANCED MICRO DEVIC, 10-K405, March 20, 2001