Bayer real estate gmbH Sample Clauses

Bayer real estate gmbH. (a) Domicile, Fiscal Year, and Corporate Purpose BRE is domiciled in Leverkusen. It is registered in the commercial register of the Cologne local court under number HRB 48233. BRE’s fiscal year corresponds to the calendar year. In accordance with its Articles of Incorporation, the purpose of the company is the construc- tion and management of its own and third-party buildings, and of structures, on its own account and for the account of third parties, as well as the purchase and sale of undeveloped and developed land (including as the developer), and the performance of any other associated business transactions, including rental and lease transactions. BRE is entitled to conduct all acts associated with the company’s purpose or that directly or indirectly serve to achieve this purpose. The company may establish subsidiaries in Germa- ny, invest in other companies of the same or a related nature in Germany and abroad, or acquire such companies.
Sample 1
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Bayer real estate gmbH. The Spin-off will lead to the addition of the Spin-off Assets and Liabilities to the assets and liabilities in BRE’s statement of financial position. BRE will take over and adjust the assets and liabilities transferred to it in its statement of financial position at a minimum at the car- rying amounts recognized by BAG, as they appear in the Spin-off Statement of Financial Position. Depending on the recognition options exercised in the financial statements, the amounts recognized may be higher. BRE’s capital stock will be increased by €1,000 when the capital increase takes effect. If the aggregate assets transferred to BRE less the aggre- gate liabilities transferred to BRE exceed the amount of the capital increase recognized in the financial statements, the excess shall be allocated to BRE’s reserves, which will increase accordingly. The Spin-off will have no impact on the earnings position of BRE.
Sample 1

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