Examples of German Sub in a sentence
Each Foreign Subsidiary (other than the German Sub) is validly existing under the laws of its jurisdiction of organization.
The shares in German Sub have been validly issued in compliance with applicable law and are fully paid up.
True and complete copies of (i) the current commercial register extract of German Sub, (iii) the list of shareholders as on file with the commercial register, (iii) any pending register applications regarding German Sub, if any, (iv) the current version of the articles of association of German Sub and (v) any pending shareholders resolutions or other statements to change such articles have been made available to the Buyer.
There are no silent partnerships (stille Beteiligungen), stock-appreciation rights, stock-based performance units, “phantom” stock rights or other agreements, arrangements or commitments of any nature (contingent or otherwise) pursuant to which any Person is or may be entitled to receive any payment or other value based on the revenues, earnings or financial performance, stock price performance or other similar attribute of German Sub.
Each Subsidiary has made all corporate filings and filed all statutory accounts required by applicable Law, including with respect to German Sub the filings required pursuant to Sections 325 et seqq.
No insolvency or similar proceedings have been, or have been threatened to be, opened or applied for regarding German Sub, and there are no circumstances which would require or justify the opening of or application for such proceedings.
The Company is the unrestricted legal and beneficial owner of all of the 25,000 shares in German Sub.
German Sub has its place of effective management (Verwaltungssitz) in Germany.
For the purposes of clarification, the German Sub will not be required become a co-Borrower hereunder or to guarantee the Obligations of Borrower under the Loan Documents.
This will consist of checking the information submitted against original sources wherever this is possible (e.g., confirming that • Othersubmitted articles were actually published, and checking with the authors of unpublished reports).