Transfer of Profits. (1) The Controlled Company shall undertake to transfer its profits to the Controlling Company in full. Subject to the accrual or release of provisions pursuant to Paragraph 2, the net profit for the year before profit and loss pooling - minus any net loss carried forward from the preceding year - shall be transferred.
Appears in 7 contracts
Samples: Pooling Agreement, Pooling Agreement, Pooling Agreement
Transfer of Profits. (1) The Controlled Company shall undertake to transfer its profits to the Controlling Company in full. Subject to the accrual or release of provisions pursuant to Paragraph 2, the net profit for the year before profit and loss pooling - minus any net loss carried forward from the preceding preced- ing year - shall be transferred.
Appears in 5 contracts
Samples: Profit and Loss Pooling Agreement, Profit and Loss Pooling Agreement, Profit and Loss Pooling Agreement
