AMD 2002 Annual Report Download - page 166

(1) the then aggregate outstanding principal amount of Sponsors’ Loans,
plus
(2) the then aggregate amount of AMD Saxonia’s Equity Capital and capital reserves,
to
(y) the then aggregate outstanding principal amount of the Advances under the Loan Agreement,
is less than 25:75.
SECTION 3.3 [left intentionally blank]
SECTION 3.4 Time of Class C Sponsors’ Loans. The Class C Sponsors’ Loans will be made in cash and in Same Day Funds and will be made in full, pursuant to
Section 4.07 of the AMD Inc. Senior Secured Note Indenture (prior to giving effect to the Third Supplemental Indenture dated as of July 28, 2000), without
utilizing any of the provisions contained in the first proviso toSection 4.07(iv) thereof, by the Contribution Date at the latest.
SECTION 3.5 Additional Sponsors’ Loans. In addition to the Class A Sponsors’ Loans and the Class C Sponsors’ Loans, the Sponsors (or either of them) may,
from time to time, at their option make additional Sponsors’ Loans in order to fulfil their respective obligations contained herein or otherwise to provide
additional funds to AMD Saxonia.
For the avoidance of doubt, the additional Sponsors’ Loan in an amount of $34,000,000 made by AMD Inc. to AMD Saxonia on 26 September 1997:
(i) is hereby expressly agreed by the parties hereto to be an additional Sponsors’ Loan pursuant to the terms of thisSection 3.5 and subordinated as a
Junior Liability (under, and as defined in, the Sponsors’ Subordination Agreement); and
(ii) shall not relieve the Sponsors from any obligation to make Class A Sponsors’ Loans or Class C Sponsors’ Loans in accordance withSections 3.2,
and3.4 above respectively.
SECTION 3.6 Terms of Sponsors’ Loans. The making of Sponsors’ Loans will be made on the terms, and shall be subject to the conditions, contained in the
Sponsors’ Loan Agreement which, as provided inSection 3.1, is intended to reflect, rather than to be in addition to, the obligations of the Sponsors contained in
thisArticle III.
SECTION 3.7 Undertaking to Make Revolving Loans/Terms of Revolving Loans. The Sponsors hereby jointly and severally undertake that either Sponsor or both
Sponsors will make available to AMD Saxonia an unsecured, subordinated revolving loan facility in an aggregate principal amount of $750,000,000 (seven
hundred fifty million Dollars) with a term of no earlier
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Source: ADVANCED MICRO DEVIC, 10-K, March 14, 2003