ABSORPTION OF LOSSES Sample Clauses

ABSORPTION OF LOSSES. For the duration of the agreement, the Parent Company shall be obliged to absorb the Subsidiary Company’s losses in accordance with all the provisions of § 302 of the German Stock Corporation Act in its from time to time applicable version.
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ABSORPTION OF LOSSES. In accordance with § 3 of the Agreement, as amended by the Amendment Agreement, BAYER is required to absorb the losses in accordance with section 302 of the AktG, as amended. Pursuant to section 302 of the AktG, BAYER is obligated to compensate any net loss for the year arising during the term of the Agreement to the extent that it is not offset by withdrawing amounts from other retained earnings that were transferred to them during the course of the Agreement. By way of application of section 302(3) of the AktG, with the necessary modifications, BBG may not waive or settle the claim to have losses offset until three years after the date on which entry of the termination of the Agreement in the commercial register is deemed to have been announced. In accordance with section 302(4) of the AktG, the statute of limitation for any claims by BBG is ten years starting from the day on which notice of the entry of the termination of the Agreement in the commercial register has been announced pursuant to section 10 of the HGB. The provision on the absorption of losses also remains essentially unchanged. The original Agree- ment already provided for the application of section 302 of the AktG, with the necessary modifica- tions. The only material change is the dynamic reference to section 302 of the AktG (“as amended”).
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ABSORPTION OF LOSSES. (1) The provisions set out in section 302 AktG, as amended, will apply mutatis mutandis.
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ABSORPTION OF LOSSES. The Parent Company will be obligated, for the duration of the agreement, to absorb the losses of the Subsidiary Company in accordance with all the provisions of section 302 AktG in its currently applicable version.
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ABSORPTION OF LOSSES. (1) In accordance with Section 302 (1) AktG, Scout24 Holding GmbH is obliged to absorb any loss for the year that would otherwise accrue during the term of the Agreement, unless such loss is offset by withdrawing amounts from the other retained earnings which were allocated to the other retained earnings during the term of the Agreement. The claim for absorption of losses will arise at the end of the financial year. It will fall due on this date as the value date.
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ABSORPTION OF LOSSES. (1) Scout24 AG agrees to absorb any losses generated by Scout24 Beteiligungs SE in line with the provisions of Section 302 AktG, as amended.
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ABSORPTION OF LOSSES. (1) The controlling company shall be obliged to absorb any net loss for the period of the controlled company that arises during the term of the agreement, due to the provisions of section 302 of the AktG as amended.
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ABSORPTION OF LOSSES. Subject to a contrary provision:
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ABSORPTION OF LOSSES. The provisions of Section 302 AktG, as amended, shall apply accordingly to the absorption of losses.
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Related to ABSORPTION OF LOSSES

  • Distribution of the Agreement 1. The Board will continue as in the past to print the Agreement for distribution to the members of the bargaining unit.

  • Mitigation of costs and damage The Affected Party shall make all reasonable efforts to mitigate or limit the costs and damage arising out of or as a result of breach of Agreement by the other Party.

  • AND WHEREAS the Respondent entered into a settlement agreement with Staff of the MFDA, dated [date] (the “Settlement Agreement”), in which the Respondent agreed to a proposed settlement of matters for which the Respondent could be disciplined pursuant to ss. 20 and 24.1 of By-law No. 1;

  • Effect of cessation or determination of Agreement 35. (1) On the cessation or determination of this Agreement —

  • Distribution of Literature FSFSA representatives may, during non-working hours or during any breaks, distribute employee organization literature. The FSFSA agrees that nothing of a libelous, racist, sexist, obscene, or partisan political nature shall be so distributed.

  • Allocation of places Maximum basic grant amount

  • Distribution of Agreement The Employer agrees to make available to each employee a copy of this Agreement and to provide a copy of the same Agreement to all new employees entering the employment of the Employer.

  • DITCH CONSTRUCTION AND RECONSTRUCTION Purchaser shall construct ditches into the subgrade as specified on the TYPICAL SECTION SHEET. Ditches must be constructed concurrently with construction of the subgrade.

  • Allocation of Costs The Fund shall pay the cost of composition and printing of sufficient copies of its Prospectus and SAI as shall be required for periodic distribution to its shareholders and the expense of registering Shares for sale under federal securities laws. You shall pay the expenses normally attributable to the sale of Shares, other than as paid under the Fund's Distribution Plan under Rule 12b-1 of the 1940 Act, including the cost of printing and mailing of the Prospectus (other than those furnished to existing shareholders) and any sales literature used by you in the public sale of the Shares and for registering such shares under state blue sky laws pursuant to paragraph 8.

  • Limitation on Distributions Notwithstanding any provision to the contrary contained in this Agreement, the Partnership and the General Partner, on behalf of the Partnership, shall not be required to make a distribution to a Partner on account of its interest in the Partnership if such distribution would violate the Act or any other applicable law.

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