Document:

Fourth Amendment to Loan and Security Agreement

 Exhibit 10.44(a-4) 
  
 FOURTH AMENDMENT TO LOAN AND SECURITY AGREEMENT 
  
 This FOURTH AMENDMENT TO LOAN AND SECURITY
AGREEMENT (this “Amendment”) is entered into as of August 20, 2002, among ADVANCED MICRO DEVICES, INC., a Delaware corporation (“AMD”), AMD INTERNATIONAL SALES AND SERVICE, LTD., a Delaware corporation
(“AMDISS”) (AMD and AMDISS, individually and collectively, the “Borrower”), the several financial institutions party to the Loan Agreement referred to below (each a “Lender” and, collectively, the
“Lenders”) and BANK OF AMERICA, N.A. (formerly Bank of America National Trust and Savings Association), as administrative agent for the Lenders (in such capacity, the “Agent”). 
  
 WHEREAS, the Borrower, the Lenders and the Agent entered into a Loan and Security Agreement dated as of July 13, 1999, as amended by a
First Amendment to Loan and Security Agreement entered into as of July 30, 1999, a Second Amendment to Loan and Security Agreement entered into as of February 12, 2001, and a Third Amendment to Loan and Security Agreement entered into as of May 20,
2002 (as in effect as of the date of this Amendment, the “Loan Agreement”); and 
  
 WHEREAS, the
Borrower has requested that the Majority Lenders agree to certain amendments to the Loan Agreement, and the Majority Lenders have agreed to such request, subject to the terms and conditions of this Amendment; 
  
 NOW, THEREFORE, the parties hereto agree as follows: 
  
 1.  Definitions; References; Interpretation. 
  
 (a)  Unless otherwise specifically defined herein, each capitalized term used herein (including in the Recitals hereof) which is defined in the Loan Agreement shall have the meaning assigned to such term in the
Loan Agreement. 
  
 (b)  Each reference to “this Amendment”, “hereof”,
“hereunder”, “herein” and “hereby” and each other similar reference contained in the Loan Agreement, and each reference to “the Loan Agreement” and each other similar reference in the other Loan Documents,
shall from and after the Effective Date (defined below) refer to the Loan Agreement as amended hereby. 
  
 (c)  The rules of interpretation set forth in Section 1.3 of the Loan Agreement shall be applicable to this Amendment. 
  
 2.  Amendments to Loan Agreement.    Subject to the terms and conditions hereof, the Loan Agreement is amended as follows, effective as of the Effective Date:

  
 (a)  Section 1.1 of the Loan Agreement is hereby amended as follows: 

 
 (i)  The defined term “Domestic Cash” is hereby amended and restated in its entirety
as follows: 

 
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 “Domestic Cash” means, as of any date of
determination, the amount on such date of all Dollar-denominated cash and cash equivalents (determined in accordance with GAAP) of the Borrower and its U.S. Subsidiaries on deposit or otherwise located in the United States on such date, which cash
and cash equivalents are not subject to any Liens (excluding Liens pursuant to Section 6.1 hereof and Liens permitted under clause (h) of the definition of “Permitted Liens,” but in any event including Liens permitted under clause (l) of
the definition of “Permitted Liens”).” 
  
 (ii)  The defined term
“Permitted Liens” is hereby amended by amending and restating clause (l) thereof in its entirety as follows: 
  
 “(l)  Liens in favor of the Bank on cash collateral and investment property securing obligations of the Parent and its Subsidiaries in respect of Bank Products, letters of credit and
other financial accommodations provided from time to time by the Bank; and” 
  
 (b)  A
new Section 2.5 shall be added to the Loan Agreement as follows: 
  
 “2.5  Specified Swap Reserves.    Notwithstanding anything to the contrary in this Agreement, the Agent, the Lenders and the Borrower agree that the Agent may establish Bank Product Reserves
for the Borrower’s mark-to-market exposure under the Specified Swap (as hereinafter defined) only upon the occurrence and during the pendency of any of the following events: (a) Domestic Cash is less than $400,000,000, (b) the Parent’s
long-term debt rating (but not outlook) is downgraded in any respect by either Standard & Poor’s Corporation or Moody’s Investors Service, Inc. below B or B2, respectively, or (c)(i) the Borrower’s mark-to-market exposure under
the Specified Swap exceeds $15,000,000 and (ii) the Bank has required that the Borrower collateralize such exposure with cash or investment property in the amount by which such exposure exceeds $15,000,000 (subject to a $1,000,000 minimum). During
the pendency of any one or more of the events described in the preceding clauses (a), (b) or (c), the Agent may, in its reasonable discretion, establish from time to time Bank Product Reserves for the Borrower’s mark-to-market exposure under
the Specified Swap, which Bank Product Reserves for the Specified Swap shall not exceed
 

 
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the lesser of the Borrower’s mark-to-market exposure under the Specified Swap and $15,000,000. However, such Bank Product Reserves for the Specified Swap shall cease to be effective if and
at such time as the relevant triggering event is no longer in effect. As used in this Section 2.5, the term “Specified Swap” means the Bank Product consisting of that certain fixed rate to floating rate swap having a notional amount of
$500,000,000 entered into by the Borrower and the Bank in August 2002.” 
  
 (c)  Section 4.5 of the Loan Agreement is hereby amended by adding a new sentence at the end of such Section as follows: 
  
 “Notwithstanding anything to the contrary in this Agreement, all proceeds of cash collateral and investment property that is subject to a Lien in favor
of the Bank permitted under clause (l) of the definition of “Permitted Liens” shall be applied, first, to pay all obligations of the Parent and its Subsidiaries secured thereby in respect of Bank Products, letters of credit and other
financial accommodations provided from time to time by the Bank.” 
  
 (d)  Section
15.16 of the Loan Agreement is hereby amended by adding a proviso to the last sentence thereof immediately before the period as follows: 
  
 “; provided, however, that, notwithstanding anything to the contrary in this Agreement, the Bank may, to the extent permitted by applicable law, without the consent of the Agent or
any other Lender, exercise any right of set-off, banker’s lien, Lien or the like against any cash collateral or investment property of the Borrower held or maintained by the Bank, and subject to a Lien in favor of the Bank permitted under
clause (l) of the definition of “Permitted Liens,” for application against any and all obligations of the Parent and its Subsidiaries in respect of Bank Products, letters of credit and other financial accommodations provided from time to
time by the Bank” 
  
 3.  Representations and Warranties    The Borrower
hereby represents and warrants to the Agent and the Lenders as follows: 
  
 (a)  No Default
or Event of Default has occurred and is continuing (or would result from the amendment of the Loan Agreement contemplated hereby). 

 
 3 

  
 (b)  The execution, delivery and performance by the
Borrower of this Amendment and the Loan Agreement (as amended by this Amendment) have been duly authorized by all necessary corporate and other action and do not and will not require any registration with, consent or approval of, or notice to or
action by, any Person (including any Governmental Authority) in order to be effective and enforceable. 
  
 (c)  This Amendment and the Loan Agreement (as amended by this Amendment) constitute the legal, valid and binding obligations of the Borrower, enforceable against it in accordance with their respective terms. 

 
 (d)  All representations and warranties of the Borrower contained in the Loan Agreement are true and
correct as of the date hereof (except to the extent such representations and warranties expressly refer to an earlier date, in which case they shall be true and correct as of such earlier date). 
  

(e)  The Borrower is entering into this Amendment on the basis of its own investigation and for its own reasons, without reliance upon the
Agent and the Lenders or any other Person. 
  
 (f)  The Borrower’s obligations under
the Loan Agreement and under the other Loan Documents are not subject to any defense, counterclaim, set-off, right of recoupment, abatement or other claim. 
  
 4.  Conditions of Effectiveness. 
  
 (a)  This Amendment shall be effective as of the date hereof (the “Effective Date”), provided that the Agent shall have received (i) from the Borrower and the Majority Lenders, a duly executed
original (or, if elected by the Agent, an executed facsimile copy) of this Amendment, (ii) from the Borrower, payment of a non-refundable amendment fee equal to 0.125% multiplied by the Commitment of each Lender that returns to the Agent an executed
counterpart signature page to this Amendment by 5:00 p.m. (Pacific time) on August 20, 2002 (for the account of each such Lender), and (iii) from the Borrower, payment of all reasonable Attorney Costs of the Agent to the extent invoiced on or prior
to the Effective Date (including any previously invoiced and outstanding Attorney Costs that relate to services previously provided). 
  
 (b)  From and after the Effective Date, the Loan Agreement is amended as set forth herein. Except as expressly amended pursuant hereto, the Loan Agreement shall remain unchanged and in full force and effect and is
hereby ratified and confirmed in all respects. Without limiting the generality of the foregoing, the Borrower hereby ratifies and affirms that the Liens granted to the Agent for the benefit of the Lenders under the Loan Agreement constitute valid
and perfected first priority Liens on the Collateral (subject only to Permitted Liens) and secure the Obligations. 
  
 (c)  The Agent will notify the Borrower and the Lenders of the occurrence of the Effective Date. 

 
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 5.  Acknowledgement of Priority of Bank’s
Lien.    The Agent, the Lenders and the Borrower agree and acknowledge that (i) the Bank’s Liens on cash collateral and investment property permitted under clause (l) of the definition of “Permitted Liens” (as
amended hereby) shall be senior to the Agent’s Liens on such cash collateral and investment property and (ii) such Lien priority of the Bank’s Liens on cash collateral and investment property permitted under clause (l) of the definition of
“Permitted Liens” (as amended hereby) shall not constitute a Default or an Event of Default under the Loan Agreement or any other Loan Document to the extent that the Loan Agreement or any other Loan Document requires that the Agent’s
Liens on the Collateral be of first priority, and, accordingly, any relevant representations, warranties, covenants or conditions shall be deemed amended to exempt the cash collateral and investment property that is subject to the Bank’s Liens
permitted under clause (l) of the definition of “Permitted Liens” (as amended hereby) from the general requirement that the Agent’s Liens on the Collateral be of first priority. 
  

6.  Miscellaneous. 
  
 (a)  The Borrower acknowledges and agrees that the execution and delivery by the Agent and the Lenders of this Amendment shall not be deemed to create a course of dealing or an obligation to execute similar waivers or
amendments under the same or similar circumstances in the future. 
  
 (b)  This Amendment shall be binding
upon and inure to the benefit of the parties hereto and thereto and their respective successors and assigns. 
  
 (c)  This Amendment shall be governed by and construed in accordance with the law of the State of California, provided that the Agent and the Lenders shall retain all rights arising under Federal law. 

 
 (d)  This Amendment may be executed in any number of counterparts, each of which shall be deemed an original, but all
such counterparts together shall constitute but one and the same instrument. Each of the parties hereto understands and agrees that this document (and any other document required herein) may be delivered by any party thereto either in the form of an
executed original or an executed original sent by facsimile transmission to be followed promptly by mailing of a hard copy original, and that receipt by the Agent of a facsimile transmitted document purportedly bearing the signature of a Lender or
the Borrower shall bind such Lender or the Borrower, respectively, with the same force and effect as the delivery of a hard copy original. Any failure by the Agent to receive the hard copy executed original of such document shall not diminish the
binding effect of receipt of the facsimile transmitted executed original of such document of the party whose hard copy page was not received by the Agent. 
  
 (e)  This Amendment contains the entire and exclusive agreement of the parties hereto with reference to the matters discussed herein. This Amendment supersedes all prior drafts and
communications with respect hereto. This Amendment may not be amended except in accordance with the provisions of Section 13.2 of the Loan Agreement. 
  
 (f)  If any term or provision of this Amendment shall be deemed prohibited by
 

 
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or invalid under any applicable law, such provision shall be invalidated without affecting the remaining provisions of this Amendment, the Loan Agreement or the Loan Documents. 

 
 (g)  The Borrower agrees to pay or reimburse BofA (including in its capacity as Agent), upon demand, for all
reasonable costs and expenses (including reasonable Attorney Costs) incurred by BofA (including in its capacity as Agent) in connection with the development, preparation, negotiation, execution and delivery of this Amendment. 

 
 [Signature pages follow] 

 
 6 

  
 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed and delivered in San Francisco, California, by their proper and duly authorized officers as of the day and year first above written. 
  
 
	 ADVANCED MICRO DEVICES, INC.
 
	 
	 By:
 	 	 /s/    ROBERT J.
RIVET        
 

	  	 	 Name: Robert J. Rivet
 Title:
Senior VP, Chief Financial Officer
 

 
  
 
	 AMD INTERNATIONAL SALES AND SERVICE, LTD.
 
	 
	 By:
 	 	 /s/    ROBERT J.
RIVET        
 

	  	 	 Name: Robert J. Rivet
 Title:
Senior VP, Chief Financial Officer
 

 
  
 
	 BANK OF AMERICA, N.A., as Agent and as a Lender
 
	 
	 By:
 	 	 /s/    KEVIN R.
KELLY        
 

	  	 	 Name: Kevin R. Kelly
 Title:
Senior Vice President
 

 
  
 
	 FOOTHILL CAPITAL CORPORATION
 
	 
	 By:
 	 	 /s/    EUNNIE KIM        

	  	 	 Name: Eunnie Kim
 Title: Asst.
Vice President
 

 
  

 
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	 TEXTRON FINANCIAL CORPORATION
 
	 
	 By:
 	 	 /s/    CHARLES F.
LILES        
 

	  	 	 Name: Charles F. Liles
 Title:
Sr. Account Executive
 

 
  
 
	 THE CIT GROUP/BUSINESS CREDIT,
INC.
 
	 
	 By:
 	 	 /s/    JAMES J.
KARNOWSKI        
 

	  	 	 Name: James J. Karnowski
 Title: Vice President
 

 

 
 8Fifth Amendment to Loan and Security Agreement

  
 Exhibit 10.44(a-5) 
  
 FIFTH AMENDMENT TO LOAN AND SECURITY AGREEMENT 
  
 This FIFTH AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Amendment”) is entered into as of September 27, 2002, among ADVANCED MICRO DEVICES, INC., a Delaware corporation (“AMD”), AMD INTERNATIONAL
SALES AND SERVICE, LTD., a Delaware corporation (“AMDISS”) (AMD and AMDISS, individually and collectively, the “Borrower”), the several financial institutions party to the Loan Agreement referred to below (each a
“Lender” and, collectively, the “Lenders”) and BANK OF AMERICA, N.A. (formerly Bank of America National Trust and Savings Association), as administrative agent for the Lenders (in such capacity, the
“Agent”). 
  
 WHEREAS, the Borrower, the Lenders and the Agent entered into a Loan and Security
Agreement dated as of July 13, 1999, as amended by a First Amendment to Loan and Security Agreement entered into as of July 30, 1999, a Second Amendment to Loan and Security Agreement entered into as of February 12, 2001, a Third Amendment to Loan
and Security Agreement entered into as of May 20, 2002, and a Fourth Amendment to Loan and Security Agreement entered into as of September 3, 2002 (as in effect as of the date of this Amendment, the “Loan Agreement”); and

  
 WHEREAS, the Borrower has requested that the Majority Lenders agree to certain amendments to the Loan Agreement,
and the Majority Lenders have agreed to such request, subject to the terms and conditions of this Amendment; 
  
 NOW,
THEREFORE, the parties hereto agree as follows: 
  
 1.  Definitions; References; Interpretation.

  
 (a)  Unless otherwise specifically defined herein, each capitalized term used herein (including in the
Recitals hereof) which is defined in the Loan Agreement shall have the meaning assigned to such term in the Loan Agreement. 
  
 (b)  Each reference to “this Amendment”, “hereof”, “hereunder”, “herein” and “hereby” and each other similar reference contained in the Loan Agreement, and each reference to
“the Loan Agreement” and each other similar reference in the other Loan Documents, shall from and after the Effective Date (defined below) refer to the Loan Agreement as amended hereby. 
  

(c)  The rules of interpretation set forth in Section 1.3 of the Loan Agreement shall be applicable to this Amendment. 
  
 2.  Amendments to Loan Agreement.    Subject to the terms and conditions hereof, the Loan Agreement
is amended as follows, effective as of the Effective Date: 
  
 (a)  Section 1.1 of the Loan
Agreement is hereby amended as follows: 
  
 (i)  The defined term “Domestic
Cash” is hereby amended and restated in its entirety as follows: 

 “Domestic Cash” means, as of any date of determination, the amount on such date of all
Dollar-denominated cash and cash equivalents (determined in accordance with GAAP) of the Borrower and its U.S. Subsidiaries on deposit or otherwise located in the United States on such date, which cash and cash equivalents are not subject to any
Liens (excluding Liens pursuant to Section 6.1 hereof and Liens permitted under clauses (h) and (m) of the definition of “Permitted Liens,” but in any event including Liens permitted under clause (l) of the definition of “Permitted
Liens”).” 
  
 (ii)  The defined term “Permitted Liens” is hereby
amended by (i) deleting the word “and” at the end of clause (l) thereof, (ii) re-designating clause (m) thereof as clause “(n)”, and (iii) inserting a new clause (m) as follows: 
  
 “(m)  Liens securing the Term Loan and Security Agreement; and” 
  
 (iii)  A new defined term “Term Loan and Security Agreement” shall be inserted in proper
alphabetical order as follows: 
  
 “Term Loan and Security Agreement” means the
Term Loan and Security Agreement dated as of September 27, 2002, by and among the Parent, AMDISS, the lenders from time to time party thereto and General Electric Capital Corporation, as administrative agent, and the other “Loan Documents”
as such term is defined in such Term Loan and Security Agreement (as such Term Loan and Security Agreement and other Loan Documents may from time to time be amended, restated, extended, renewed, supplemented or otherwise modified).”

  
 (b)  Section 9.12 of the Loan Agreement is hereby amended by (i) deleting the word
“and” immediately prior to clause (vi) thereof, (ii) deleting the period at the end of clause (vi) and substituting therefor “; and”, and (iii) inserting a new clause (vii) as follows: 
  
 “(vii)  Debt at any time owing under the Term Loan and Security Agreement.” 
  
 (c)  Section 11.2(a) of the Loan Agreement is hereby amended by deleting the reference to Section
“11.2(f)” in the proviso and substituting therefor Section “11.1(f)”. 
  
 3.  Representations and Warranties.    The Borrower hereby represents and warrants to the Agent and the Lenders as follows: 
  
 (a)  No Default or Event of Default has occurred and is continuing (or would 

 
 2 

 result from the amendment of the Loan Agreement contemplated hereby). 
  
 (b)  The execution, delivery and performance by the Borrower of this Amendment and the Loan Agreement (as
amended by this Amendment) have been duly authorized by all necessary corporate and other action and do not and will not require any registration with, consent or approval of, or notice to or action by, any Person (including any Governmental
Authority) in order to be effective and enforceable. 
  
 (c)  This Amendment and the Loan
Agreement (as amended by this Amendment) constitute the legal, valid and binding obligations of the Borrower, enforceable against it in accordance with their respective terms. 
  
 (d)  All representations and warranties of the Borrower contained in the Loan Agreement are true and correct as of the date hereof (except to the
extent such representations and warranties expressly refer to an earlier date, in which case they shall be true and correct as of such earlier date). 
  
 (e)  The Borrower is entering into this Amendment on the basis of its own investigation and for its own reasons, without reliance upon the Agent
and the Lenders or any other Person. 
  
 (f)  The Borrower’s obligations under the
Loan Agreement and under the other Loan Documents are not subject to any defense, counterclaim, set-off, right of recoupment, abatement or other claim. 
  
 4.  Conditions of Effectiveness. 
  
 (a)  This Amendment shall be effective as of the date hereof (the “Effective Date”), provided that the Agent shall have received (i) from the Borrower and the Majority Lenders, a duly executed
original (or, if elected by the Agent, an executed facsimile copy) of this Amendment, and (ii) an Intercreditor Agreement in substantially the form of Exhibit A hereto (the “Intercreditor Agreement”) executed by General
Electric Capital Corporation, as administrative agent under the Term Loan and Security Agreement, and the Agent on behalf of the Lenders. 
  
 (b)  From and after the Effective Date, the Loan Agreement is amended as set forth herein. Except as expressly amended pursuant hereto, the Loan Agreement shall remain unchanged and in full force and effect and is
hereby ratified and confirmed in all respects. Without limiting the generality of the foregoing, the Borrower hereby ratifies and affirms that the Liens granted to the Agent for the benefit of the Lenders under the Loan Agreement constitute valid
and perfected first priority Liens on the Collateral (subject only to Permitted Liens) and secure the Obligations. 
  
 (c)  The Agent will notify the Borrower and the Lenders of the occurrence of the Effective Date. 
  
 5.  Authorization of Lenders.    The Majority Lenders hereby authorize the Agent to execute 

 
 3 

 and deliver the Intercreditor Agreement on behalf of the Lenders. 
  
 6.  Miscellaneous. 
  
 (a)  The Borrower acknowledges and agrees that the execution and delivery by the Agent and the Lenders of this Amendment shall not be deemed to create a course of dealing or an obligation to execute similar waivers or
amendments under the same or similar circumstances in the future. 
  
 (b)  This Amendment shall be binding
upon and inure to the benefit of the parties hereto and thereto and their respective successors and assigns. 
  
 (c)  This Amendment shall be governed by and construed in accordance with the law of the State of California, provided that the Agent and the Lenders shall retain all rights arising under Federal law. 

 
 (d)  This Amendment may be executed in any number of counterparts, each of which shall be deemed an original, but all
such counterparts together shall constitute but one and the same instrument. Each of the parties hereto understands and agrees that this document (and any other document required herein) may be delivered by any party thereto either in the form of an
executed original or an executed original sent by facsimile transmission to be followed promptly by mailing of a hard copy original, and that receipt by the Agent of a facsimile transmitted document purportedly bearing the signature of a Lender or
the Borrower shall bind such Lender or the Borrower, respectively, with the same force and effect as the delivery of a hard copy original. Any failure by the Agent to receive the hard copy executed original of such document shall not diminish the
binding effect of receipt of the facsimile transmitted executed original of such document of the party whose hard copy page was not received by the Agent. 
  
 (e)  This Amendment contains the entire and exclusive agreement of the parties hereto with reference to the matters discussed herein. This Amendment supersedes all prior drafts and
communications with respect hereto. This Amendment may not be amended except in accordance with the provisions of Section 13.2 of the Loan Agreement. 
  
 (f)  If any term or provision of this Amendment shall be deemed prohibited by or invalid under any applicable law, such provision shall be invalidated without affecting the remaining
provisions of this Amendment, the Loan Agreement or the Loan Documents. 
  
 (g)  The Borrower agrees to pay
or reimburse BofA (including in its capacity as Agent), upon demand, for all reasonable costs and expenses (including reasonable Attorney Costs) incurred by BofA (including in its capacity as Agent) in connection with the development, preparation,
negotiation, execution and delivery of this Amendment. 
  
 [Signature pages follow] 

 
 4 

  
 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed and delivered in San Francisco, California, by their proper and duly authorized officers as of the day and year first above written. 
  
 
	 ADVANCED MICRO DEVICES, INC.
 
	 
	 By:
 	 	 /s/    JOHN
PATTERSON        
 

	  	 	 Name: John Patterson
 Title:
Treasurer
 

 
  
 
	 AMD INTERNATIONAL SALES AND SERVICE, LTD.
 
	 
	 By:
 	 	 /s/    JOHN
PATTERSON        
 

	  	 	 Name: John Patterson
 Title:
Treasurer
 

 
  
 
	 BANK OF AMERICA, N.A., as Agent and as a Lender
 
	 
	 By:
 	 	 /s/    KEVIN R.
KELLY        
 

	  	 	 Name: Kevin R. Kelly
 Title:
Senior Vice President
 

 
  
 
	 FOOTHILL CAPITAL CORPORATION
 
	 
	 By:
 	 	 /s/    EUNNIE KIM        

	  	 	 Name: Eunnie Kim
 Title: Vice
President
 

 
  

 
 5 

  
 
	 TEXTRON FINANCIAL CORPORATION
 
	 
	 By:
 	 	 /s/    RALPH J.
INFANTE        
 

	  	 	 Name: Ralph J. Infante
 Title:
Senior Vice President
 

 
  
 
	 THE CIT GROUP/BUSINESS CREDIT, INC.
 
	 
	 By:
 	 	 /s/    JAMES J.
KARNOWSKI        
 

	  	 	 Name: James J. Karnowski
 Title: Vice President
 

 

 
 6

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