ABSORPTION OF LOSSES. For the duration of the agreement, the Parent Company shall be obliged to absorb the Subsidiary Company’s losses in accordance with all the provisions of § 302 of the German Stock Corporation Act in its from time to time applicable version.
ABSORPTION OF LOSSES. In accordance with § 3 of the Agreement, as amended by the Amendment Agreement, BAYER is required to absorb the losses in accordance with section 302 of the AktG, as amended. Pursuant to section 302 of the AktG, BAYER is obligated to compensate any net loss for the year arising during the term of the Agreement to the extent that it is not offset by withdrawing amounts from other retained earnings that were transferred to them during the course of the Agreement. By way of application of section 302(3) of the AktG, with the necessary modifications, US IP may not waive or settle the claim to have losses offset until three years after the date on which entry of the termination of the Agreement in the commercial register is deemed to have been announced. In accordance with section 302(4) of the AktG, the statute of limitation for any claims by US IP is ten years starting from the day on which notice of the entry of the termination of the Agreement in the commercial register has been announced pursuant to section 10 of the HGB. The provision on the absorption of losses also remains essentially unchanged. The only material change is the reference to section 302 of the AktG (“as amended”).
ABSORPTION OF LOSSES. (1) The provisions set out in section 302 AktG, as amended, will apply mutatis mutandis.
ABSORPTION OF LOSSES. The Parent Company will be obligated, for the duration of the agreement, to absorb the losses of the Subsidiary Company in accordance with all the provisions of section 302 AktG in its currently applicable version.
ABSORPTION OF LOSSES. (1) In accordance with Section 302 (1) AktG, Scout24 Holding GmbH is obliged to absorb any loss for the year that would otherwise accrue during the term of the Agreement, unless such loss is offset by withdrawing amounts from the other retained earnings which were allocated to the other retained earnings during the term of the Agreement. The claim for absorption of losses will arise at the end of the financial year. It will fall due on this date as the value date.
ABSORPTION OF LOSSES. (1) Scout24 AG agrees to absorb any losses generated by Consumer First Services GmbH in line with the provisions of Section 302 AktG, as amended.
ABSORPTION OF LOSSES. (1) The controlling company shall be obliged to absorb any net loss for the period of the controlled company that arises during the term of the agreement, due to the provisions of section 302 of the AktG as amended.
ABSORPTION OF LOSSES. Subject to a contrary provision:
ABSORPTION OF LOSSES. The provisions of Section 302 AktG, as amended, shall apply accordingly to the absorption of losses.
