Define Profit Transfer Agreement. means the domination and profit and loss transfer agreement (Beherrschungs- und Gewinnabführungsvertrag) between the Company and the Seller dated 23 November , as amended. A Domination and Profit and Loss Transfer Agreement dated 23 June exists between the Parent Company and the Subsidiary. In a decision on a matter of principle (court order of 24 October , II ZB 7/88), the German Federal Supreme Court required, by way of a further development of the law,File Size: 2MB.
reserves to compensate any annual net loss or to transfer them as profit. Other reserves and a profit carried forward from the time before the term of this Agreement may neither be transferred as profit nor be used to compensate an annual net loss. (3) The obligation to transfer profit applies for the first time to the entire profit of the fiscal. Domination and profit and loss transfer agreements. Profit transfers and losses offset do not constitute business relationships. On the contrary, the profit and loss transfer agreement stipulates that the amount of profit distributed or the sum required to offset losses is not reset every year but is calculated automatically.
Domination Agreement means a domination and profit and loss transfer agreement to be entered into by LP GmbH, Midco or Bidco, as the case may be, and the Company in a form approved by the Administrative Agent, such approval not to be unreasonably withheld or delayed. Sample 1 Based on 1 documents. Operating without a profit transfer agreement has tax consequences. The agreement shows the two companies have "fiscal unity," which allows the parent company to report the subsidiary's profits as its own taxable income. Under German law, this allows the parent to write off some of its interest expense against the subsidiary's income.
Domination and Profit and Loss Transfer Agreement between BCP Crystal Acquisition GmbH & Co. KG, Stuttgart - "BCP" - and Celanese AG, Kronberg i.T. - "Celanese" - (1) Celanese shall submit the management of its company under the control of BCP. Domination and Profit and Loss Transfer Agreement between Bayer Aktiengesellschaft, Leverkusen (“BAYER”) and Sechste Bayer VV GmbH (“Sechste Bayer VV”) § 1 Management (1) The Sechste Bayer VV subordinates the management of its company to Bayer. Bayer is accordingly authorized to issue instructions to the managing directors of the.