Common use of Sent Clause in Contracts

Sent. 3 of the German Income Tax Code (Einkommensteuergesetz) of ArvinMeritor Emissions Technologies GmbH amount to at least EUR 85,000,000 as of September 30, 2006 and as of the Closing. In addition, the distributable reserves (capital reserves less accumulated losses “Verlustvortrag”) amount to at least EUR 85,000,000 as of the date hereof and as of the Closing.

Appears in 2 contracts

Sources: Purchase Agreement (Arvinmeritor Inc), Purchase Agreement (Arvinmeritor Inc)