Termination of Profit and Loss Transfer Agreements Sample Clauses

Termination of Profit and Loss Transfer Agreements. (a) The profit and loss of the relevant Group Companies pursuant to the Annual Accounts for the short financial year ending on 31 July 2016 shall be for the account of the Seller i.e., after the Closing Accounts have become final and 103 binding, Purchaser will procure that any profit incurred by any of buw operations Osnabrück GmbH, buw operations Münster GmbH and buw Rechenzentrum GmbH in the period between 1 January 2016 and 31 July 2016 according to the audited GAAP financial statements is transferred to Seller I in cash in accordance with the stipulations of the respective profit and loss transfer agreement (including profit transfer obligations relating to prior years (if any)) and Seller I will compensate buw operations Osnabrück GmbH, buw operations Münster GmbH and buw Rechenzentrum GmbH for any losses incurred by buw operations Osnabrück GmbH, buw operations Münster GmbH and buw Rechenzentrum GmbH in the period between 1 January 2016 and 31 July 2016 according to the audited GAAP financial statements in cash in accordance with the stipulations of the respective profit and loss transfer agreement (including any loss compensation obligations relating to prior years (if any)). Consequentially, any claim of the relevant Group Companies for a potential loss compensation or any liability concerning a potential profit transfer is part of the Net Financial Debt under Clause 5.2 (d).
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Termination of Profit and Loss Transfer Agreements. (a) WD Profit and Loss Transfer Agreement. SC and WD have entered into a profit and loss transfer agreement, dated as of April 24, 2008 (the "WD Profit and Loss Transfer Agreement"). (i)
Termination of Profit and Loss Transfer Agreements 

Related to Termination of Profit and Loss Transfer Agreements

  • Termination of Existing Tax Sharing Agreements Any and all existing Tax sharing agreements (whether written or not) binding upon the Company shall be terminated as of the Closing Date. After such date neither the Company nor any of its Representatives shall have any further rights or liabilities thereunder.

  • Termination of Existing Agreements Any previous employment agreement between Executive on the one hand and Employer or any of Employer’s Affiliates (as hereinafter defined) on the other hand is hereby terminated.

  • Termination of Management Agreement Evidence of the termination of any and all management agreements affecting the Property, effective as of the Closing Date, and duly executed by Seller and the property manager.

  • Termination of Existing Agreement The Existing Agreement is hereby terminated and replaced and superseded by this Agreement, effective August 1, 2001. All payments, of Base Salary or otherwise, made by the Company under the Existing Agreement with respect to any period commencing on or after August 1, 2001 shall be credited against the corresponding payment obligations of the Company under this Agreement.

  • Distribution Agreements Subject to compliance with applicable provisions of the 1940 Act, the Board of Trustees may enter into a contract or contracts with one or more Persons to act as underwriters and/or placement agents whereby the Trust may either agree to sell Shares of the Trust, any Series or Class to the other party or parties to the contract or appoint such other party or parties its sales agent or agents for such Shares. In either case, the contract shall be on such terms and conditions as the Board of Trustees may in its discretion determine, not inconsistent with the provisions of this Section 5.12 or the By-laws; and such contract may also provide for the repurchase or sale of Shares of the Trust, any Series or Class by such other party as principal or as agent of the Trust and may provide that such other party may enter into selected dealer agreements with registered securities dealers and brokers and servicing and similar agreements with Persons who are not registered securities dealers to further the purposes of the distribution or repurchase of such Shares.

  • Inconsistencies with Other Documents; Independent Effect of Covenants (a) In the event there is a conflict or inconsistency between this Agreement and any other Loan Document, the terms of this Agreement shall control; provided, that any provision of the Security Documents which imposes additional burdens on the Borrower or its Subsidiaries or further restricts the rights of the Borrower or its Subsidiaries or gives the Administrative Agent or Lenders additional rights shall not be deemed to be in conflict or inconsistent with this Agreement and shall be given full force and effect.

  • Termination of Agreements (a) Except as set forth in Section 2.7(b), in furtherance of the releases and other provisions of Section 4.1, SpinCo and each member of the SpinCo Group, on the one hand, and Parent and each member of the Parent Group, on the other hand, hereby terminate any and all agreements, arrangements, commitments or understandings, whether or not in writing, between or among SpinCo and/or any member of the SpinCo Group, on the one hand, and Parent and/or any member of the Parent Group, on the other hand, effective as of the Effective Time. No such terminated agreement, arrangement, commitment or understanding (including any provision thereof which purports to survive termination) shall be of any further force or effect after the Effective Time. Each Party shall, at the reasonable request of the other Party, take, or cause to be taken, such other actions as may be necessary to effect the foregoing.

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