Common use of GmbH Clause in Contracts

GmbH. (3) The right to terminate this Agreement for good cause without observing a notice period shall remain unaffected. Good cause shall be deemed to exist, in particular, where  Munich Reinsurance Company disposes of or transfers shares in MR Beteiligungen 20. GmbH and as a result no longer directly holds all of MR Beteiligungen 20. GmbH’s shares,  an external shareholder acquires shares in MR Beteiligungen 20. GmbH for the first time according to Section 307 of the German Stock Corporation Act (AktG), as amended from time to time (or corresponding subsequent regulation),  one of the parties to the Agreement is merged, divided or liquidated,  an application is filed to open insolvency proceedings affecting the assets of one of the parties,  the financial integration of MR Beteiligungen 20. GmbH into Munich Reinsurance Company required for recognition of tax unity no longer pertains for any other reason,  a final and binding or immediately enforceable order to terminate the Agreement is issued by the German Federal Financial Supervisory Authority (BaFin).

GmbH. (3) The right to terminate this Agreement for good cause without observing a notice period shall remain unaffected. Good cause shall be deemed to exist, in particular, where  Munich Reinsurance Company disposes of or transfers shares in MR Beteiligungen 2022. GmbH and as a result no longer directly holds all of MR Beteiligungen 2022. GmbH’s shares,  an external shareholder acquires shares in MR Beteiligungen 2022. GmbH for the first time according to Section 307 of the German Stock Corporation Act (AktG), as amended from time to time (or corresponding subsequent regulation),  one of the parties to the Agreement is merged, divided or liquidated,  an application is filed to open insolvency proceedings affecting the assets of one of the parties,  the financial integration of MR Beteiligungen 2022. GmbH into Munich Reinsurance Company required for recognition of tax unity no longer pertains for any other reason,  a final and binding or immediately enforceable order to terminate the Agreement is issued by the German Federal Financial Supervisory Authority (BaFin).

GmbH. (3) The right to terminate this Agreement for good cause without observing a notice period shall remain unaffected. Good cause shall be deemed to exist, in particular, where  • Munich Reinsurance Company disposes of or transfers shares in MR Beteiligungen 2022. GmbH and as a result no longer directly holds all of MR Beteiligungen 2022. GmbH’s shares,  • an external shareholder acquires shares in MR Beteiligungen 2022. GmbH for the first time according to Section 307 of the German Stock Corporation Act (AktG), as amended from time to time (or corresponding subsequent regulation),  • one of the parties to the Agreement is merged, divided or liquidated,  • an application is filed to open insolvency proceedings affecting the assets of one of the parties,  • the financial integration of MR Beteiligungen 2022. GmbH into Munich Reinsurance Company required for recognition of tax unity no longer pertains for any other reason,  • a final and binding or immediately enforceable order to terminate the Agreement is issued by the German Federal Financial Supervisory Authority (BaFin).

GmbH. (3) The right to terminate this Agreement for good cause without observing a notice period shall remain unaffected. Good cause shall be deemed to exist, in particular, where  Munich Reinsurance Company disposes of or transfers shares in MR Beteiligungen 2021. GmbH and as a result no longer directly holds all of MR Beteiligungen 2021. GmbH’s shares,  an external shareholder acquires shares in MR Beteiligungen 2021. GmbH for the first time according to Section 307 of the German Stock Corporation Act (AktG), as amended from time to time (or corresponding subsequent regulation),  one of the parties to the Agreement is merged, divided or liquidated,  an application is filed to open insolvency proceedings affecting the assets of one of the parties,  the financial integration of MR Beteiligungen 2021. GmbH into Munich Reinsurance Company required for recognition of tax unity no longer pertains for any other reason,  a final and binding or immediately enforceable order to terminate the Agreement is issued by the German Federal Financial Supervisory Authority (BaFin).