AEG 21604 G Bedienungsanleitung PDF herunterladen (Seite 133)

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The licensing agreement contains several provisions for its termination which lead either to an automatic

termination of the licensing agreement or to unilateral termination rights. The licensing agreement is ter-

minated automatically in case that either party breaches or is in default of any material obligation under

any provision of the agreement and if such breach or default is not remedied within 30 days after the

breaching party has received a notice hereof by the other party. AB Electrolux may terminate the AEG

Licence with immediate effect under various circumstances set out in the licensing agreement. Termina-

tion rights of AB Electrolux exist, inter alia, in case of any sale, transfer, assignment or anything similar

of the ownership of a controlling interest in AEG PS Group or its parent company or of a not merely in-

significant interest in it to a competitor of the AB Electrolux group. AB Electrolux may also terminate the

licensing agreement in case of any merger, amalgamation or other consolidation between AEG PS Group

and another company affecting AEG PS Group's legal status. Further termination rights arise to AB Elec-

trolux in case proceedings are instituted by or against AEG PS Group or its parent company in bankruptcy

or under insolvency laws or for corporate reorganisation, dissolution or liquidation or in case AEG PS

Group or a significant part of its business, assets or property is confiscated, requisitioned, nationalised or

expropriated. AB Electrolux also may terminate the agreement in case the trademark is deemed to be in-

active, in whole or in part, in case sales of trademarked products by AEG PS Group decline for two con-

secutive years below 75 % of the applicable sales target for the preceding year. In addition, AB Electrolux

has a termination right in case AEG PS Group or any of its affiliates challenges or contests the validity of

the trademark or any other trademark owned by AB Electrolux or otherwise challenges the title and rights

of any Electrolux trademark. The termination of the agreement for any reason will not relieve AEG PS

Group of any accrued obligations to AB Electrolux., nor will such action relieve AEG PS Group of any

obligation or duty that accrued on or after the termination or expiration of the agreement.

Customers

Generally, AEG PS Group does not have framework agreements for the delivery of its products. How-

ever, customers place orders of a significant size under their general terms and conditions which may

result in such orders being cancellable at any time.

Legal Proceedings

Apart from the legal proceedings mentioned below, neither the Issuer nor its subsidiaries are currently,

nor have they been in the last twelve months, the subject of government interventions or a party to legal,

or arbitration proceedings which might significantly affect AEG PS Group's profitability. To Manage-

ments best knowledge, no such proceedings are pending.

AEG PS Group's German subsidiary is currently involved in court proceedings against a customer from

which it seeks to recover approximately EUR 36.0 million against delivery of 104 power control systems

and modules for silicon reactors under frame agreements entered into on 12 December 2007 and 25 April

2008. According to Management, the customer had agreed to order a total of 294 power control systems

and modules by 31 December 2009 under these framework agreements. The legal proceedings are cur-

rently pending with the Regional Court of Stuttgart, Germany.

AEG PS Groups' customer recently filed a counter-claim against AEG PS Group alleging abuse of domi-

nant market position regarding the pricing. The counter-claim is for Euro 12.7 million plus interest in

damages. Management believes the counter-claim to be groundless and unsubstantiated.

Regulatory Environment of AEG PS Group

AEG PS Group is subject to the effects of laws, regulations, supervisory provisions and international in-

dustry standards in three ways.

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