Assumption of Losses. In accordance with the latest version of the provisions of § 302 of the German Public Companies Act, the CONTROLLING COMPANY is obliged to reimburse annual defi- cits occurring during the term of the agreement if these are not compensated for by amounts being withdrawn from the other retained profits which have resulted during the term of the agreement in which they were transferred.
Appears in 4 contracts
Samples: Profit and Loss Transfer Agreement, Profit and Loss Transfer Agreement, Profit and Loss Transfer Agreement
Assumption of Losses. In accordance with the latest version of the provisions of § ß 302 of the German Public Companies Act, the CONTROLLING COMPANY is obliged to reimburse annual defi- cits occurring during the term of the agreement if these are not compensated for by amounts being withdrawn from the other retained profits which have resulted during the term of the agreement in which they were transferred.
Appears in 1 contract
Samples: Profit and Loss Transfer Agreement
