FINAL VERSION. Annex 2 contains the agreement in the version as modified pursuant to this amendment agreement. This Annex 2 is only for the purpose of clarity and does not contain any provision binding on the parties. Frankfurt/Main, March 24, 2014 Gornsdorf, March 24, 2014 Section 1: Running of the controlled company 1. The controlled company is integrated financially, economically and organizationally in the controlling company. The legal independence of both companies shall remain unaffected. 2. The controlled company shall subordinate running of it to the controlling company. The controlling company shall accordingly be authorized to issue instructions to the management of the controlled company as to how the controlled company must be managed. Instructions shall be issued in writing. 3. Management of the controlled company shall still be responsible for running the business of and representing the controlled company.
Appears in 1 contract
Sources: Profit and Loss Transfer Agreement
FINAL VERSION. Annex 2 contains the agreement in the version as modified pursuant to this amendment agreement. This Annex 2 is only for the purpose of clarity and does not contain any provision binding on the parties. Frankfurt/Main, March 24, 2014 Gornsdorf, March 24, 2014Ulm Local Court under HRB 670665
Section 1: Running of the controlled company
1. The controlled company is integrated financially, economically and organizationally in the controlling company. The legal independence of both companies shall remain unaffected.
2. The controlled company shall subordinate running of it to the controlling company. The controlling company shall accordingly be authorized to issue instructions to the management of the controlled company as to how the controlled company must be managed. Instructions shall be issued in writing.
3. Management of the controlled company shall still be responsible for running the business of and representing the controlled company.
Appears in 1 contract
Sources: Profit and Loss Transfer Agreement