Examples of Siemens Group in a sentence
Business and Financing Risks • SCC’s business activities depend on the ability of the Siemens Group companies to meet their payment obligations under intercompany loans provided to them by SCC.
A significant portion of SCC’s assets are receivables from Siemens Group companies.
SCC is a Regional Finance Center which concentrates on financing activities for Siemens Group, especially for Siemens AG’s North American affiliates.
A significant portion of its assets are receivables from Siemens Group companies.
Business and Financing Risks • SFM’s business activities depend on the ability of Siemens AG and other members of the Siemens Group to meet their payment obligations under intercompany loans provided to them by SFM.
SFM is a finance company which concentrates on financing activities for the Siemens Group.
Dated on April 28, 2017 Gamesa Corporación Tecnológica, S.A. and Siemens Aktiengesellschaft signed a framework agreement over certain information rights and obligations and related matters concerning the relationship between the parties and certain principles governing the rendering of services between the SIEMENS GAMESA Group and the Siemens Group, as the main shareholder of SIEMENS GAMESA.
In addition, Siemens Group has provided services to SIEMENS GAMESA Group based on transitional service agreements such as tax, human resources, legal and treasury services.
SFM and Siemens AG have entered into an agreement under which Siemens AG guarantees to SFM the payment of all amounts, including but not limited to principal and interest amounts, due under any intercompany loan provided to a member of the Siemens Group other than Siemens AG limiting the financial risk for SFM to a maximum of €2 million.
Remuneration policyWhen reviewing the Board of Directors’ remuneration policy the standards that apply in the Siemens Group for comparable functions are applicable.