AMD 2002 Annual Report Download - page 187

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(b) if determined adversely to such AMD Company 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.
(ix) No Default or Termination.
No Event of Default or Unmatured Event of Default, and, to the best of the Sponsors’ knowledge, no Event of Termination, exists. None of AMD
Holding, AMD Admin, AMD Saxony LLC, and AMD Saxonia 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.
(x) No Burdensome Restrictions.
None of AMD Holding, AMD Admin, AMD Saxony LLC, and AMD Saxonia 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.
(xi) Solvency.
Neither AMD Holding nor AMD Admin is insolvent as a matter of German law. AMD Saxony LLC is not insolvent as a matter of the law of the
State of Delaware.
(xii) Title to Properties; Encumbrances.
AMD Saxonia has good record and marketable title in fee simple to, or valid leasehold interests in (or the equivalent for the relevant
jurisdiction), all real property necessary or used in the ordinary conduct of its business, except for such defects in title as could not,
individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. None of AMD Holding, AMD Admin, or
AMD Saxony LLC has any real property or leasehold interests. The property of each of AMD Holding, AMD Admin, AMD Saxony
LLC, and AMD Saxonia is subject to no Encumbrances, other than Permitted Encumbrances.
(xiii) Subsidiaries; Material AMD Inc. Subsidiaries.
(a) 100% of the capital partnership interests (Kapitalanteile) in AMD Saxonia are held by AMD Admin (as to Euro 250), AMD Holding (as to at
least 99.99% (rounded to two decimal points) and AMD Saxony LLC (prior to
61
Source: ADVANCED MICRO DEVIC, 10-K, March 14, 2003