AMD 2001 Annual Report Download - page 86

days after there shall have been given, by registered or certified mail, to
the Company by the Trustee or to the Company and the Trustee by Holders of
at least 25% in aggregate Principal Amount of the Outstanding Securities, a
written notice specifying such default and requiring the Company to cause
such default to be cured or waived and stating that such notice is a
"Notice of Default" hereunder; or
(h) the default on the part of the Company or any of its significant
subsidiaries with respect to any indebtedness of, or guaranteed or assumed
by, the Company or its significant subsidiaries, in a principal amount then
outstanding in excess of $25 million in the aggregate for all such
indebtedness, and such indebtedness shall not have been discharged or such
acceleration shall not have been rescinded or annulled for a period of 30
days after there shall have been given, by registered or certified mail, to
the Company by the Trustee or to the Company and the Trustee by Holders of
at least 25% in aggregate Principal Amount of the Outstanding Securities, a
written notice specifying such default and requiring the Company to cause
such default to be cured or waived or such acceleration to be rescinded or
annulled and stating that such notice is a "Notice of Default" hereunder.
SECTION 5.02. Acceleration of Maturity; Rescission and Annulment. (a)
If an Event of Default (other than those specified in Sections 5.01(e) and
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5.01(f)) occurs and is continuing, then and in every such case the Trustee
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or the Holders of not less than 25% in aggregate Principal Amount of the
Outstanding Securities may declare the Principal Amount plus accrued and
unpaid interest and Additional Amounts, if any, on all the Outstanding
Securities to be due and payable immediately, by a notice in writing to the
Company (and to the Trustee if given by Holders), and upon any such
declaration such Principal Amount plus accrued and unpaid interest and
Additional Amounts, if any, shall become immediately due and payable.
Notwithstanding the foregoing, in the case of an Event of Default
specified in Sections 5.01(e) or 5.01(f), the Principal Amount plus accrued and
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unpaid interest and Additional Amounts, if any, on all Outstanding Securities
will ipso facto become due and payable without any declaration or other Act on
the part of the Trustee or any Holder.
(b) At any time after such a declaration of acceleration has been made
and before a judgment or decree for payment of the money due has been obtained
by the Trustee as hereinafter in this Article provided, the Holders of a
majority in aggregate Principal Amount of the Outstanding Securities, by written
notice to the Company and the Trustee, may rescind and annul such declaration
and its consequences if
(i) the Company has paid or deposited with the Trustee a sum
sufficient to pay
(A) all overdue interest on all Securities,
(B) the Principal Amount plus accrued and unpaid interest and
Additional Amounts, if any, Redemption Price, Purchase Price or
Fundamental Change Repurchase Price, as applicable, on any
Securities
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Source: ADVANCED MICRO DEVIC, 10-K, March 07, 2002