Cash Reserve. The Parties agree that at all times during the term of this Agreement, the FoundryCo Group shall maintain Cash and Cash Equivalents in an amount equal to at least $1.0 billion, provided, however, that this requirement shall no longer apply upon the earlier of (i) FoundryCo entering into a Transition Period in accordance with Article VIII hereunder and (ii) the end of Phase II.
Appears in 2 contracts
Samples: Funding Agreement (Advanced Micro Devices Inc), Funding Agreement (Advanced Micro Devices Inc)
Cash Reserve. The Parties agree that at all times during the term of this the Funding Agreement, the FoundryCo Group shall maintain Cash and Cash Equivalents in an amount equal to at least $1.0 billion, 850 million; provided, however, that this requirement shall no longer apply upon the earlier of (i) FoundryCo entering into a Transition Period in accordance with Article VIII hereunder and (ii) the end of Phase II.
Appears in 1 contract
Samples: Advanced Micro Devices Inc
Cash Reserve. The Parties agree that at all times during the term of this the Funding Agreement, the FoundryCo Group shall maintain Cash and Cash Equivalents in an amount equal to at least $1.0 billion, 500 million; provided, however, that this requirement shall no longer apply upon the earlier of (i) FoundryCo entering into a Transition Period in accordance with Article VIII hereunder and (ii) the end of Phase II.
Appears in 1 contract
Samples: Advanced Micro Devices Inc
