AMD 2002 Annual Report Download - page 177

(b) Since December 31, 1995, there has been no Material Adverse Effect, except as may be specifically disclosed in the Disclosure Schedules.
(c) From July 13, 1999 to and including the date of the Fifth Amendment to Sponsors’ Support Agreement, there has been no “Enhanced Covenant
Period” (under, and as defined in the AMD Inc. 1999 Loan and Security Agreement) in effect.
(vi) Litigation.
Except as specifically disclosed in the Disclosure Schedules, there are no actions, suits, proceedings, claims, or disputes pending, or to
the best knowledge of AMD Inc., threatened or contemplated, at law, in equity, in arbitration or before any Governmental Authority,
against any AMD Company or any other Subsidiary of AMD Inc. or any of their respective properties which:
(a) purport to affect or pertain to this Agreement or any other Operative Document, or the entirety of the transactions contemplated hereby or
thereby; or
(b) if determined adversely to such AMD Company or such other Subsidiary, would reasonably be expected to have a Material Adverse Effect.
No injunction, writ, temporary restraining order, or any order of any nature has been issued by any court or other Governmental Authority
purporting to enjoin or restrain the execution, delivery, or performance of this Agreement or any other Operative Document, or directing that the
transactions provided for herein or therein not be consummated as herein or therein provided.
(vii) No Default or Termination.
No Event of Default or Unmatured Event of Default, and, to the best of AMD Inc.’s knowledge, no Event of Termination, exists. None of the AMD
Companies nor any other Subsidiary of AMD Inc. is in default under or with respect to any Contractual Obligation in any respect which,
individually or together with all such defaults, could reasonably be expected to have a Material Adverse Effect.
(viii) No Burdensome Restrictions.
None of the AMD Companies nor any other Subsidiary of AMD Inc. is a party to or bound by any Contractual Obligation other than the Operative
Documents, or subject to any restriction in any Organizational Document, or any Requirement of Law, which could reasonably be expected to have
a Material Adverse Effect.
(ix) Title to Properties; Encumbrances.
Each AMD Company and each other Material AMD Inc. Subsidiary has good record and marketable title in fee simple to, or valid leasehold
interests in (or the
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Source: ADVANCED MICRO DEVIC, 10-K, March 14, 2003