Assumption of Losses. (1) The valid version of Section 302 of the German Stock Corporation Act shall apply analo- gously.
Assumption of Losses. 3.1 The Controlling Company shall be obliged to compensate for any annual loss of the Controlled Company, which would otherwise arise during the term of the Agreement. The provisions of Sec. 302 AktG, as amended from time to time, shall apply to the assumption of losses.
Assumption of Losses. As regards the assumption of losses, the provisions of § 302 AktG, as amended from time to time, shall apply mutatis mutandis.
Assumption of Losses. 3.1 Siemens AG shall be obliged to assume the losses of the Subsidiary in accordance with the provisions of Section 302 of the German Stock Corporation Act (AktG), as amended from time to time.
Assumption of Losses. In accordance with the latest version of the provisions of § 302 of the German Public Companies Act, the CONTROLLING COMPANY is obliged to reimburse annual defi- cits occurring during the term of the agreement if these are not compensated for by amounts being withdrawn from the other retained profits which have resulted during the term of the agreement in which they were transferred.
Assumption of Losses. The controlling company undertakes toward the controlled company to assume the latter’s losses in accordance with the provisions of Section 302 AktG (German Stock Corporation Law) (in its entirety and in all its elements) in its applicable version (or provisions replacing it).
Assumption of Losses. In accordance with Section 302 of the German Stock Corporation Act, RWE shall be obliged to offset any net loss for the year incurred during the term of this Agreement - for the first time for the truncated financial year ending on 31 December 2002 - unless such loss is offset by draw- ing funds from uncommitted reserves in accordance with Section 2, Paragraph 2, Sentence 2 which have been transferred to other retained earnings during the term of this Agreement. In accordance with Section 302, Paragraph 3 of the German Stock Corporation Act, GBV shall refrain from renouncing its right to offset losses and reaching a settlement on offsetting losses before three years from the day on which the registration of the termination of this Agreement in the Commercial Register pursuant to Section 10 of the German Commercial Code is deemed to have been made public.
Assumption of Losses. (1) Munich Reinsurance Company shall be obliged to assume any losses made by MR Beteiligungen 21. GmbH in accordance with the provisions of Section 302 of the German Stock Corporation Act (AktG), as amended from time to time (or corresponding subsequent regulation).
Assumption of Losses. 2.1 The rules in section 302 AktG, as amended from time to time, shall apply, mutatis mutandis, to the assumption of losses by the Controlling Entity.
Assumption of Losses. 2.1 Siemens AG undertakes, pursuant to § 302 (1) of the German Stock Corporation Act (AktG), in its mutatis mutandis application and as amended from time to time, to compensate any annual net loss of the Subsidiary that is otherwise incurred during the term of the Agreement, unless such loss is compensated by release of any amounts from the Subsidiary's other retained earnings appropriated during the term of the Agreement. In all other respects, § 302 of the German Stock Corporation Act (AktG), as amended from time to time, shall also apply mutatis mutandis.
