‘The Parties understand that, in order to qualify for maximum grants, it is in the interest of JVCo that Q restricts its equity portion of JVCo until such time that either E or JVCo are no longer categorised as “small or medium enterprises” under the rules for investment grants etc., or that this restriction becomes null and void.
„The Parties understand that, in order to qualify for maximum grants, it is in the interest of JVCo that Q restricts its equity portion of JVCo until such time that either E or JVCo are no longer categorised as „small or medium enterprises’ under the rules for investment grants etc., or that this restriction becomes null and void. As such, Q’s ownership of JVCo must be less than 25 % in order to qualify for certain German government subsidies.”