AMD » Topics » 9.0 DURATION OF AGREEMENT

These excerpts taken from the AMD 10-Q filed Aug 6, 2008.

9.0 DURATION OF AGREEMENT

9.1 Term This Agreement shall take effect on the Commencement Date for a period of one year and shall continue thereafter for successive periods each of one year unless (a) terminated by either Party upon not less than thirty (30) calendar days prior written notice to the other Party, provided that such termination notice may not be effective prior to the date which is three (3) months after the Commencement Date, or (b) terminated by notice with immediate effect by either Party if (i) the other Party is subject to Insolvency; or (ii) if the other Party is in breach of any material obligation under this Agreement and fails to remedy such breach within 14 calendar days of written notice requiring it to do so; or (iii) a Change in Control occurs to the other Party.

9.2 Termination of Related Agreements Unless otherwise agreed in writing by the Parties, this Agreement shall terminate contemporaneously with the termination of any other agreement on substantially the same terms as this Agreement between Related Companies of the Supplier and IBM GF.(“Related Companies” being those companies that are or are controlled by IBM Corporation or Advanced Micro Devices, Inc.).

9.3 Continuation of Rights At IBM GF’s sole discretion, upon termination, any existing Credit Limit shall automatically and without notice be withdrawn. Such termination shall not terminate either Party’s liability with respect to any Receivables, Supplier Invoices, Credit Notes or Debit Notes received by IBM GF prior to the effective date of termination, regardless of the date such transactions are completed.

 

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9.0 DURATION OF AGREEMENT

9.1 Term This Agreement shall take effect on the Commencement Date for a period of one year and shall continue thereafter for successive periods each of one year unless (a) terminated by either Party upon not less than thirty (30) calendar days prior written notice to the other Party, provided that such termination notice may not be effective prior to the date which is three (3) months after the Commencement Date, or (b) terminated by notice with immediate effect by either Party if (i) the other Party is subject to Insolvency; or (ii) if the other Party is in breach of any material obligation under this Agreement and fails to remedy such breach within 14 calendar days of written notice requiring it to do so; or (iii) a Change in Control occurs to the other Party.

9.2 Termination of Related Agreements Unless otherwise agreed in writing by the Parties, this Agreement shall terminate contemporaneously with the termination of any other agreement on substantially the same terms as this Agreement between Related Companies of the Supplier and IBM UK.(“Related Companies” being those companies that are or are controlled by IBM Corporation or Advanced Micro Devices, Inc.).

9.3 Continuation of Rights At IBM UK’s sole discretion, upon termination, any existing Credit Limit shall automatically and without notice be withdrawn. Such termination shall not terminate either Party’s liability with respect to any Receivables, Supplier Invoices, Credit Notes or Debit Notes received by IBM UK prior to the effective date of termination, regardless of the date such transactions are completed.

 

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EXCERPTS ON THIS PAGE:

10-Q (2 sections)
Aug 6, 2008
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