Management Control. 1.1 Vantage Towers submits the management control (Leitung) of its company to Oak Holdings. Oak Holdings is accordingly entitled to issue instructions (Weisungen) to the management board of Vantage Towers with regard to the management control of the company. The management board of Vantage Towers is according to section 308 German Stock Corporation Act (Aktiengesetz – “AktG”) obliged to comply with the instructions of Oak Holdings. 1.2 The aforementioned right of Oak Holdings to issue instructions (Clause 1.1) shall not entitle Oak Holdings to issue the instruction to the management board of Vantage Towers to amend, maintain or terminate this Agreement. 1.3 Without prejudice to the authority of Oak Holdings to issue instructions, the management board of Vantage Towers continues to be responsible for the management and representation of Vantage Towers. 1.4 Any instructions require text form (Textform) or, if the instructions are issued orally, they shall be confirmed in text form without undue delay.
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Sources: Domination and Profit and Loss Transfer Agreement, Domination and Profit and Loss Transfer Agreement
Management Control.
1.1 Vantage Towers submits the management control (Leitung) of its company to Oak Holdings. Oak Holdings is accordingly entitled to issue instructions (Weisungen) to the management board of Vantage Towers with regard to the management control of the company. The management board of Vantage Towers is according to section Section 308 German Stock Corporation Act (Aktiengesetz – “AktG”) obliged to comply with the instructions of Oak Holdings.
1.2 The aforementioned right of Oak Holdings to issue instructions (Clause 1.1) shall not entitle Oak Holdings to issue the instruction to the management board of Vantage Towers to amend, maintain or terminate this Agreement.
1.3 Without prejudice to the authority of Oak Holdings to issue instructions, the management board of Vantage Towers continues to be responsible for the management and representation of Vantage Towers.
1.4 Any instructions require text form (Textform) or, if the instructions are issued orally, they shall be confirmed in text form without undue delay.
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