German Companies definition
Examples of German Companies in a sentence
Third parties in the sense of this non-disclosure agree- ment do not include employees of the respective receiving party or employees of affiliated companies (in the sense of Section 15 of the German Companies Act (Aktieng- esetz)) of the respective receiving party if the employees concerned are required to receive the confidential infor- mation due to the organizational structure of the receiving party.
However, PORSCHE is entitled to transfer rights or obligations arising from this Contract to companies affiliated with PORSCHE as defined in Paragraph 15 of the German Companies Act (AktG), even without the consent of the INDEPENDENT WORKSHOP.
Except as mentioned above we have not examined any agreements, instruments, records, or other documents whatsoever relating to the German Companies nor have we reviewed any other finance documents and accordingly express no opinion as to any of such documents and we have not made any other enquiries or investigations concerning the German Companies or the Documents in connection with the giving of this opinion.
The opinions expressed herein with regard to the corporate status of the German Companies and the due representation of the German Companies as set forth in Clauses C 1, 4 and 5 above are based on the Excerpts and the other Corporate Documents.
No withholding taxes are payable by the German Companies and/or the Administrative Agent or the Lenders in Germany in respect of the execution, delivery or performance of the Relevant Documents.
The obligations on the part of the German Companies contained in the Relevant Documents to which the German Companies are parties are valid and legally binding on and enforceable in accordance with their terms against the German Companies which have executed them.
All material obligations under or in connection with any pension or pension scheme (including obligations arising by operation of Legal Requirements or Collective Bargaining Agreements) that have become due have been fulfilled by the German Companies or their Affiliates.
Except for the Corporate Documents, we have not reviewed the internal authorizations for the representatives of any of the German Companies, which, however, under German law are, subject to the assumption under B.
A judgment for a definite sum of money which is rendered by a State or Federal Court located in the State of New York against any of the German Companies for the enforcement of its obligations under the Relevant Documents would be recognized and could be enforced in Germany without re-examination of the substance of the case decided by such court.
Each of the German Companies has the power and authority to execute the Relevant Documents to which it is a party and to perform its obligations thereunder.