BMW AG definition
Examples of BMW AG in a sentence
Bayerische Motoren Werke AG, BMW AG (an “Aktiengesellschaft” incorporated under the laws of Germany whose registered office is located at: ▇▇▇▇▇▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇, registered with the registry of München under number HRB 42243).
The JV Company shall pay BMW AG certain licensing fees and royalties as provided in the Technology License Agreement.
This Agreement applies to BMW AG and its subsidiaries including their business interests in the member states of the European Union.
To the extent that the provisions of the aforementioned agreements are in conflict with any of the provisions of the terms of this agreement it is recorded that the provisions of the agreements concluded between BMW AG and NAVTECH shall prevail.
The types of insurance and the value, duration and denomination of the currency of the premiums and insurance proceeds shall be determined by the Board of Directors based on the practices of BMW AG and its Affiliates in other countries and/or on the actual circumstances in the PRC.
BMW AG will oversee all aspects of the export sales including, but not limited to, price quotations and other commercial terms.
The retail prices (prices to customers) or the recommended retail prices of the JV Products shall be proposed by the Management of the JV Company to the Board of Directors in accordance with the policies and guidelines promulgated by BMW AG from time to time and in consideration of the market conditions in the PRC.
Where such consent is provided, NAVTECH shall only use such trade mark or trade name in accordance with instructions is▇▇▇▇ by BMW or BMW AG from time to time.
All licensed trademarks shall at all times remain the sole property of BMW AG.
If the Board deems it appropriate to sell the JV Products outside of the PRC, the JV Products may be sold in foreign markets provided that all export sales shall be performed on a priority basis by BMW AG and its worldwide distribution network.