AMD 2001 Annual Report Download - page 116

then on the Business Day following the Purchase Date or Fundamental Change
Repurchase Date, as the case may be, the Trustee or the Paying Agent, as the
case may be, shall return any such excess to the Company.
ARTICLE 12
INTEREST PAYMENTS ON THE SECURITIES
SECTION 12.01. Interest Rate; Rate Reset. Interest on the Securities
shall accrue at an initial rate of 4.75% per annum and shall be payable on each
Interest Payment Date to holders of record on the Regular Record Date
immediately preceding such Interest Payment Date. Interest will be computed on
the basis of a 360-day year comprised of twelve 30-day months. Interest on the
Securities shall accrue from the most recent date to which interest has been
paid, or if no interest has been paid, from January 29, 2002, until the
Principal Amount is paid or duly made available for payment. Notwithstanding the
foregoing, on the close of business on each Step-up Date the interest rate on
the Securities shall be automatically reset, and the Securities shall accrue
interest, from such Step-up Date, to but excluding the next succeeding Step-up
Date, or, in the case of February 1, 2022, until the Principal Amount is paid or
duly made available for payment, at a rate per annum equal to the interest rate
payable 120 days prior to such Step-up Date on 5-year U.S. Treasury Notes plus
0.43%, provided that in no event shall the interest rate on this Security be
reset below 4.75% per annum or above 6.75% per annum. Any change in the interest
rate pursuant to the preceding sentence shall not have any effect on any other
provision of the Indenture or the Securities. As promptly as practicable but in
any event within 15 days following any Step-up Date, the Company shall file with
the Trustee an Officers' Certificate setting forth the reset interest rate on
the Debentures. Unless and until a Responsible Officer of the Trustee shall have
received such Officers' Certificate, the Trustee shall not be deemed to have
knowledge of the reset rate and may assume without inquiry that the last
interest rate of which it has knowledge is still in effect.
SECTION 12.02. Payment of Interest; Interest Rights Preserved. (a)
Interest on any Security that is payable, and is punctually paid or duly
provided for, on any Interest Payment Date shall be paid to the Person in whose
name that Security is registered at the close of business on the Regular Record
Date for such interest at the office or agency of the Company maintained for
such purpose. Each installment of interest on any Security shall be made by
check mailed to the address of the Holder specified in the register of
Securities, or, at the option of the Holder, at the Corporate Trust Office, in
such lawful money of the United States of America as at the time of payment
shall be legal tender for the payment of public and private debts; provided,
however, that, with respect to any Holder of Securities with an aggregate
principal amount in excess of $5,000,000, at the request of such Holder in
writing to the Company, interest on such Holder's Securities shall be paid by
wire transfer in immediately available funds in accordance with the written wire
transfer instruction supplied by such Holder from time to time to the Trustee
and Paying Agent (if different from the Trustee) at least two days prior to the
applicable Regular Record Date. In the case of a permanent Global
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Source: ADVANCED MICRO DEVIC, 10-K, March 07, 2002