Loss absorption. (1) The provisions of § 302 AktG, as applicable from time to time, apply mutatis mutandis to any loss absorption. (2) Any free reserves set up during the term of this Agreement are to be released at the request of Porsche SE and to be used to offset any net loss for the year unless this conflicts with the provisions of § 302 AktG, as applicable from time to time. (3) The obligation to absorb losses comes into effect for the first time for the entire fiscal year of the controlled company in which this Agreement comes into force.
Appears in 3 contracts
Sources: Domination and Profit and Loss Transfer Agreement, Domination and Profit and Loss Transfer Agreement, Domination and Profit and Loss Transfer Agreement