AMD 2002 Annual Report Download - page 167

than 31 March, 2007 and bearing interest at a rate per annum of 4%, on and subject to the terms and conditions contained in the Revolving Loan Facility
Agreement, which is intended to reflect, rather than to be in addition to, the obligations of the Sponsors contained in thisArticle III, to the extent applicable to
Revolving Loans.
SECTION 3.8 Time of Revolving Loans. Revolving Loans will be made in cash and in Same Day Funds:
(i) in such amounts as shall be required from time to time to ensure that as from 1 July 2001, the Minimum Liquidity Covenant is complied with at all
times and, in any event, upon first written demand by the Security Agent at any time and from time to time immediately following a Minimum
Liquidity Covenant Calculation Date in such amounts as may be necessary to remedy any shortfall in the Minimum Liquidity Covenant at any time
and from time to time; and
(ii) in such amounts as shall be required from time to time and, in any event, upon the first written demand of AMD Saxonia at any time and from time
to time to finance AMD Saxonia’s general corporate funding requirements, including working capital, cash expenses and other capital requirements
of AMD Saxonia.
The Sponsors shall be relieved of their respective obligations to make Revolving Loans available to AMD Saxonia if, but only if:
(x) the Sponsors shall have complied with each of their respective obligations underArticle II and, insofar as such obligations relate to Class A
Sponsors’ Loans (or additional contributions to Equity Capital or AMD Saxonia’s capital reserves in lieu thereof), thisArticle III; and
(y) following a demand for payment by the Agent under the Sponsors’ Guaranty, the Sponsors shall have paid all amounts payable under the Sponsors’
Guaranty.
In addition to the Revolving Loans contemplated to be made underSection 3.7, the Sponsors (or either of them) may, from time to time, at their option make
additional Revolving Loans in order to fulfil their respective obligations contained herein or otherwise to provide additional funds to AMD Saxonia, it being
expressly understood and agreed that any such Revolving Loans shall be optional rather than compulsory, and that in no event shall the Sponsors (or either of
them) be obligated to advance Revolving Loans such that the total amount of outstanding Revolving Loans would exceed the Total Revolving Loan Commitment
Amount.
SECTION 3.9 Subordination of Sponsors’ Loans and Revolving Loans. The Sponsors’ Loans and the Revolving Loans will be subordinated on the terms and
conditions contained in the Sponsors’ Subordination Agreement.
ARTICLE IV
Project Costs
SECTION 4.1 Project Costs. In addition to, and not in limitation of, their other obligations contained in this Agreement and the other Operative Documents, the
Sponsors, jointly and
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Source: ADVANCED MICRO DEVIC, 10-K, March 14, 2003