Profit transfer. The Subsidiary Company undertakes to pay all of its profits to the Parent Company for the term of this agreement. The scope of profit transfer shall be governed, in addition to and with precedence over § 3 of this agreement, by § 301 of the German Stock Corporation Act in its from time to time applicable version.
Profit transfer. 1. The Subsidiary is obliged to transfer its entire profit for the term of this agreement to the Parent Company pursuant to sec. 301 German Stock Corporation Act (Aktiengesetz
Profit transfer. In accordance with § 2 of the Agreement, as amended by the Amendment Agreement, US IP agrees to transfer its entire profit to BAYER. Subject to the creation or release of reserves, net income for the year before transfer of profit, reduced by any loss carried forward from the pre- vious year and by the amount subject to a restriction on distribution in accordance with section 268(8) of the HGB, must be transferred. US IP may transfer amounts from net income for the year to other retained earnings with BAYER’s consent to the extent that this is permissible under commercial law and is economically justified, based on prudent business judgment. Other retained earnings created during the course of the Agreement must be released if required by BAYER and must be used to offset the net loss for any year or transferred as profit. These provisions correspond to the restrictions on transferring profit set out in section 301 of the AktG that apply in this case, with the necessary modifications. Section 301 of the AktG, as amended, also applies, with the necessary modifications. In this respect, there are no material changes from the corresponding provision of the original version of the Agreement. The amendments essentially relate solely to the provisions of section 301 of the AktG, whose application with the necessary modifications had already been pre- scribed in the original Agreement. There is also a dynamic reference to section 301 of the AktG (“as amended”).
Profit transfer. 1.1 1.1 The Controlled Entity undertakes to trans fer its entire profit to the Controlling Entity. The provisions of § 301 of the German Stock Corporation Act (AktG) shall apply in full in their respective valid version. The Controlled Entity undertakes to trans fer its entire profit arising during the term of the agreement to the Controlling Entity. The provisions of § 301 of the German Stock Corporation Act (AktG), as amended, shall apply to the transfer of profits; if, in the event of future amendments to § 301 of the AktG, the wording of the agreement should conflict with the statutory provision, the latter shall prevail.
Profit transfer. (1) The controlled company agrees to transfer its total profits to Porsche SE for the term of this Agreement in accordance with § 291 para. (1) sentence 1 German Stock Corporation Act (AktG). The net income for the year is to be transferred, such net income being calculated as if no profit and loss transfer agreement were in place, allowing for the creation or reversal of reserves pursuant to para. (2) and less any loss carryforward from the prior year and the amount barred for distribution pursuant to § 268 para. (8) German Commercial Code (HGB). The profit transferred may not exceed the amount specified in § 301 AktG as amended from time to time.
Profit transfer. 1. IDS undertakes for the term of this agreement to transfer its entire profits to AZ-AG. Subject to the formation or dissolution of reserves pursuant to para. 2, the amount to be transferred is the annual net income as determined without any profit transfer, less a loss carry-forward from the previous year, if any.
Profit transfer. 1. AZ-Arges undertakes for the term of this agreement to transfer its entire profits to AZ-AG. Subject to the formation or dissolution of reserves pursuant to para. 2, the amount to be transferred is the annual net income as determined without any profit transfer, less a loss carry-forward from the previous year, if any.
Profit transfer. 1.1 The Controlled Entity undertakes to transfer its entire profit to the Controlling Entity. The provisions of § 301 of the German Stock Corporation Act (AktG) shall apply in full as amended from time to time.
Profit transfer. 1. The Subsidiary Company agrees to transfer its entire profit to the Controlling Entity for the first time from the beginning of the financial year in progress at the time of entry of this Contract into the commercial register, subject to the formation or release of reserves in accordance with Section 1 para. 2 of the Contract, during the term of the Contract, taking into account the valid version of Section 301 of the German Stock Corporation Act (AktG).
Profit transfer. (1) The Company undertakes to transfer its entire profit to Xxxx XX in accordance with the provisions of Section 301 of the German Stock Corporation Act (“AktG”) in its current version from time to time.
