1
EXHIBIT 10.32
October 28, 1998
To: The Bank of Tokyo -- Mitsubishi, Ltd.
LETTER OF GUARANTEE
Dear Sirs:
With reference to the credit facilities extended by you to Applied
Komatsu Technology, Inc., ("AKT") a company duly organized and existing under
the laws of Japan, having its principal office at KSK West Xxxx. 0X, 0-00-0,
Xxxxxxxxxx, Xxxxx 104-0032 for the sum of, up to Japanese Yen One Thousand,
Three Hundred and Fifty Million (JYen1,350,000,000), including principal,
interest and all other charges payable under the facilities, the undersigned
Applied Materials, Inc., ("Applied") a company duly organized and existing under
the laws of Delaware and having its principal office at 0000 Xxxxxx Xxxxxx,
Xxxxx Xxxxx, Xxxxxxxxxx, 00000, hereby guarantees the due fulfillment of payment
obligations of AKT to you under the facilities up to the sum of Japanese Yen Six
Hundred and Seventy-Five Million (JYen675,000,000), or 50% of amount of the
credit facilities used at any time, whichever is smaller, and agrees to pay you
the same if AKT fails to pay any amount due.
This guarantee shall continue in full force and effect from October 28, 1998
until April 30, 1999.
Sincerely,
/s/ Xxxxx X. Xxxxxx
----------------------------------------
Xxxxx X. Xxxxxx
Applied Materials, Inc.
Vice President, Global Finance and
Treasurer
2
October 28, 1998
To: The Sakura Bank Ltd.
LETTER OF GUARANTEE
Dear Sirs:
With reference to the credit facilities extended by you to Applied
Komatsu Technology, Inc., ("AKT") a company duly organized and existing under
the laws of Japan, having its principal office at KSK West Xxxx. 0X, 0-00-0,
Xxxxxxxxxx, Xxxxx 104-0032 for the sum of up to Japanese Yen Eight Hundred
Million (JYen800,000,000), including principal, interest and all other charges
payable under the facilities, the undersigned Applied Materials, Inc.,
("Applied") a company duly organized and existing under the laws of Delaware and
having its principal office at 0000 Xxxxxx Xxxxxx, Xxxxx Xxxxx, Xxxxxxxxxx,
00000, hereby guarantees the due fulfillment of payment obligations of AKT to
you under the facilities up to the sum of Japanese Yen Four Hundred Million
(JYen400,000,000), or 50% of amount of the credit facilities used at any time,
whichever is smaller, and agrees to pay you the same if AKT fails to pay any
amount due.
This guarantee shall continue in full force and effect from October 28, 1998
until April 30,1999.
Sincerely,
/s/ Xxxxx X. Xxxxxx
----------------------------------------
Xxxxx X. Xxxxxx
Applied Materials, Inc.
Vice President, Global Finance and
Treasurer
3
October 28, 1998
To: The Sanwa Bank, Limited
LETTER OF GUARANTEE
Dear Sirs:
With reference to the credit facilities extended by you to Applied
Komatsu Technology, Inc., ("AKT") a company duly organized and existing under
the laws of Japan, having its principal office at KSK West Xxxx. 0X, 0-00-0,
Xxxxxxxxxx, Xxxxx 104-0032 for the sum of up to Japanese Yen Eight Hundred
Million (JYen800,000,000), including principal, interest and all other charges
payable under the facilities, the undersigned Applied Materials, Inc.,
("Applied") a company duly organized and existing under the laws of Delaware and
having its principal office at 0000 Xxxxxx Xxxxxx, Xxxxx Xxxxx, Xxxxxxxxxx,
00000, hereby guarantees the due fulfillment of payment obligations of AKT to
you under the facilities up to the sum of Japanese Yen Four Hundred Million
(JYen400,000,000), or 50% of amount of the credit facilities used at any time,
whichever is smaller, and agrees to pay you the same if AKT fails to pay any
amount due.
This guarantee shall continue in full force and effect from October 28, 1998
until April 30, 1999.
Sincerely,
/s/ Xxxxx X. Xxxxxx
----------------------------------------
Xxxxx X. Xxxxxx
Applied Materials, Inc.
Vice President, Global Finance and
Treasurer
4
October 28, 1998
To: The Sumitomo Bank, Limited
LETTER OF GUARANTEE
Dear Sirs:
With reference to the credit facilities extended by you to Applied
Komatsu Technology, Inc., ("AKT") a company duly organized and existing under
the laws of Japan, having its principal office at KSK West Xxxx. 0X, 0-00-0,
Xxxxxxxxxx, Xxxxx 104-0032 for the sum of up to Japanese Yen One Thousand Seven
Hundred Seventy Million (JYen1,770,000,000), including principal, interest and
all other charges payable under the facilities, the undersigned Applied
Materials, Inc., ("Applied") a company duly organized and existing under the
laws of Delaware and having its principal office at 0000 Xxxxxx Xxxxxx, Xxxxx
Xxxxx, Xxxxxxxxxx, 00000, hereby guarantees the due fulfillment of payment
obligations of AKT to you under the facilities up to the sum of Japanese Yen
Eight Hundred Eighty Five Million (JYen885,000,000), or 50% of amount of the
credit facilities used at any time, whichever is smaller, and agrees to pay you
the same if AKT fails to pay any amount due.
This guarantee shall continue in full force and effect from October 28, 1998
until April 30, 1999.
Sincerely,
/s/ Xxxxx X. Xxxxxx
----------------------------------------
Xxxxx X. Xxxxxx
Applied Materials, Inc.
Vice President, Global Finance and
Treasurer
