FORMATION AND DISSOLUTION OF RESERVES Sample Clauses

FORMATION AND DISSOLUTION OF RESERVES. (1) With Zalando’s consent, ZFE may appropriate amounts from the annual profit to the retained earnings to the extent permissible under commercial law and justified in economic terms on the basis of a reasonable commercial assessment. Any other retained earnings pursuant to Section 272 (3) sentence 2 HGB formed during the term of this Agreement shall be dissolved upon Zalando’s request and be used in accordance with Section 302 para. 1 AktG as amended from time to time to compensate any annual deficit or be transferred as profits.
Sample 1
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FORMATION AND DISSOLUTION OF RESERVES. (1) With Zalando’s consent, ZMS may appropriate amounts from the annual profit to the retained earnings to the extent permissible under commercial law and justified in economic terms on the basis of a reasonable commercial assessment. Any other retained earnings pursuant to § 272
Sample 1
FORMATION AND DISSOLUTION OF RESERVES. (1) With Zalando’s consent, Metrigo may appropriate amounts from the annual profit to the retained earnings to the extent permissible under commercial law and justified in economic terms on the basis of a reasonable commercial assessment. Any other retained earnings pursuant to § 272 (3) sentence 2 HGB formed during the term of this Agreement shall be dissolved upon Zalando’s request and be used in accordance with § 302 (1) AktG as amended from time to time to compensate any annual deficit or be transferred as profits.
Sample 1
FORMATION AND DISSOLUTION OF RESERVES. (1) With Zalando’s consent, Tradebyte may appropriate amounts from the annual profit to the retained earnings to the extent permissible under commercial law and justified in economic terms on the basis of a reasonable commercial assessment. Any other retained earnings pursuant to § 272 (3) sentence 2 HGB formed during the term of this Agreement shall be dissolved upon Zalando’s request and be used in ac- cordance with § 302 (1) AktG as amended from time to time to compensate any annual deficit or be transferred as profits.
Sample 1

Related to FORMATION AND DISSOLUTION OF RESERVES

  • Dissolution and Liquidation (Check One)

  • Dissolution and Winding Up The Company shall dissolve and its business and affairs shall be wound up pursuant to a written instrument executed by the Member. In such event, after satisfying creditors, all remaining assets shall be distributed to the Member.

  • Printing and Distribution of Agreement The Medical Center and the Association shall equally share expenses for the printing of an adequate supply of copies of this Agreement. The Medical Center will make available a suitable number of copies of the Agreement on each nursing unit following the Association’s delivery of the printed copies to the Medical Center.

  • Dissolution and Termination (a) The Company shall not be dissolved by the admission of Substitute Members or Additional Members. The Company shall dissolve, and its affairs shall be wound up, upon:

  • Dissolution and Winding Up of the Company Dissolution. The Company will be dissolved on the happening of any of the following events: Sale, transfer, or other disposition of all or substantially all of the property of the Company; The agreement of all of the Members; By operation of law; or The death, incompetence, expulsion, or bankruptcy of a Member, or the occurrence of any event that terminates the continued membership of a Member in the Company, unless there are then remaining at least the minimum number of Members required by law and all of the remaining Members, within 120 days after the date of the event, elect to continue the business of the Company.

  • Events of Dissolution The Company shall be dissolved upon the happening of any of the following events:

  • Dissolution of Entity The Contractor shall notify the County immediately of any intention to discontinue existence of the entity or to bring an action of dissolution.

  • Effect of Dissolution Except as otherwise provided in this Agreement, upon the dissolution of the Company, the Sole Member shall take such actions as may be required pursuant to the Act and shall proceed to wind up, liquidate and terminate the business and affairs of the Company. In connection with such winding up, the Sole Member shall have the authority to liquidate and reduce to cash (to the extent necessary or appropriate) the assets of the Company as promptly as is consistent with obtaining fair value therefor, to apply and distribute the proceeds of such liquidation and any remaining assets in accordance with the provisions of Section 8.3, and to do any and all acts and things authorized by, and in accordance with, the Act and other applicable laws for the purpose of winding up and liquidation.

  • Printing and Distribution The School District will, at its own expense, print sufficient copies of this Agreement for present and new employees.

  • Dissolution Event If there is a Dissolution Event before the termination of this Safe, the Investor will automatically be entitled (subject to the liquidation priority set forth in Section 1(d) below) to receive a portion of Proceeds equal to the Cash-Out Amount, due and payable to the Investor immediately prior to the consummation of the Dissolution Event.

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