FSE Group definition
Examples of FSE Group in a sentence
If any FME Group entity or FSE Group entity is the recipient of a VATable Supply, FME or FSE, as the case may be, shall procure that the respective FME Group entity or FSE Group entity, as the case may be, complies with the obligation stated in Clause 8.
FSE and FME plan to deconsolidate FME Group from FSE Group by changing FME’s legal form from a partnership limited by shares (Kommanditgesellschaft auf Aktien) to the legal form of a stock corporation (Aktiengesellschaft) under German law (the “Conversion”).
This provision governs the allocation of such contracts to which both one or more members of FSE Group, one or more members of FME Group and a Third Party are party and which allow both one or more members of FME Group and one or more members of FSE Group to procure goods or otherwise benefit from the services that are offered by the Third Party provider under such contract independently of each other (“Tripartite Contract(s)”).
This provision governs the allocation of such contracts to which only one or more members of the Group Companies of one Party on the one side and at least one party that neither A50814737/25.0/30 Nov 2023 belongs to FME Group nor FSE Group (“Third Party”) are a party, but under which also one or more members of the respective other Party’s Group Companies have procured goods or otherwise benefitted from the services that are offered by the Third Party under such contract (“Shared Contract(s)”).
As a result of the Conversion, FME Group will be separated from FSE Group pursuant to, among others, that certain group separation agreement made between FSE and FME in connection with the Conversion (the “Group Separation Agreement”).
In case of any infringement of rights, damage or other impairment caused by an FSE Group Company or an FME Group Company attributed to FSE or FME, respectively, pursuant to Clause 11.2.1(iv) (Centralized Loss), Clause 10 (Liability) shall apply for the benefit of FSE or FME, respectively.
The Service Provider may terminate a Service at any time with immediate effect by notice to the Service Recipient if the Service Recipient ceases to be a member of FME Group or FSE Group, respectively.
FDT shall be obligated to carry out such changes, if the demanded change (i) can be implemented by FDT without undue efforts, (ii) is reasonably required by FME, (iii) does not have an adverse impact on the performance of the individual Project by FDT or the performance of projects by FDT for the remainder of FSE Group and (iv) unless such impact or effect is only immaterial, does not otherwise have an adverse effect on FDT.
In the context of the FME IT Carve-Out Project, the Parties shall agree on the separation of hardware, software, source code, data and other assets currently owned or licensed and software licenses, maintenance contracts and other service agreements currently held by FDT or other FSE Group companies in relation to the non-SAP IT Services.
It Is understood by the Parties that the separation of FME Group from FSE Group under this Agreement shall occur on the Conversion Effective Date to the extent this is feasible for the Parties and as set forth in this Clause 2 (Separation), whereas certain other activities required for the separation require that one Party or a member of its Group provides certain transitional services to the other Party and its Group members before a migration of such activity can made.