AMD Saxonia definition

AMD Saxonia has the meaning assigned to such term in the first recital of this Agreement.

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. AMD Holding has no real property or leasehold interests. The property of each of AMD Holding and AMD Saxonia is subject to no Encumbrances, other than Permitted Encumbrances.

AMD Saxonia has the meaning assigned to that term in the introduction to ----------- ------------ this Agreement. "Bank" and "Banks" have the respective meanings assigned to those terms in ---- ----- the second recital of this Agreement. --------------

Examples of AMD Saxonia in a sentence

• This Agreement shall not be effective for any purpose whatsoever prior to the execution and delivery of the Loan Agreement by each of AMD Saxonia and the Agent.

• Prior to the Loan Agreement Effective Date, neither AMD Holding nor AMD Saxonia has engaged in any business, conducted any operations or activities, nor incurred any obligations or liabilities (contingent or otherwise), other than (i) as described in the Disclosure Schedules, and (ii) its obligations, if any, under the Operative Documents, and activities reasonably incidental thereto.

• Prior to the Loan Agreement Effective Date, neither AMD Holding nor AMD Saxonia has engaged in any business, conducted any operations or activities, nor incurred any obligations or liabilities (contingent or otherwise), other than (a) as described in the Disclosure Schedules, and (b) its obligations, if any, under the Operative Documents, and activities reasonably incidental thereto.

• If it becomes illegal or unlawful pursuant to domestic or foreign legislation or it becomes contrary to any requirement of any domestic or foreign authority or public body for any Bank to comply with its outstanding obligations - in whole or in part - under this Agreement such Bank may immediately after it has become aware thereof inform AMD Saxonia through the Agent.

• The granting of the Subsidies is contingent on the adherence by the Sponsors and AMD Saxonia to particular conditions, requirements, and covenants.

More Definitions of AMD Saxonia

AMD Saxonia has the meaning assigned to it in the introduction to this Agreement;

AMD Saxonia as Borrower -

AMD Saxonia has the meaning assigned to such term in the introduction to this Agreement.

AMD Saxonia has the meaning assigned to such term in the first recital ----------- ------------- of this Guaranty.

AMD Saxonia s right to further encumber real property already subject to land charges in favour of the Banks shall remain unaffected ((S) 1136 BGB);

AMD Saxonia has no Subsidiaries and has no equity investments in any other Person.

AMD Saxonia has taken all necessary steps and obtained all necessary consents to enter into this Agreement, and, when entered into, will have taken all necessary steps and have obtained all necessary consents to enter into the Conversion Documents to which it is party, the Amendment Agreements to which it is a party and each other document referred to in ss. 4.1 to which it is a party in a legally binding manner and to exercise its rights thereunder.