1. The subordinate company is entitled to require the directing company to make good the annual losses which, for whatever reason, arise during the term of the subordination agreement, whenever those losses are not offset by the reserves created during the same period.
1 - A sociedade subordinada tem o direito de exigir que a sociedade directora compense as perdas anuais que, por qualquer razão, se verifiquem durante a vigência do contrato de subordinação, sempre que estas não forem compensadas pelas reservas constituídas durante o mesmo período.
2. The liability provided for in the preceding paragraph is enforceable only after the termination of the subordination agreement, but becomes enforceable during the term of the agreement if the subordinate company is declared bankrupt.
2 - A responsabilidade prevista no número anterior só é exigível após o termo do contrato de subordinação, mas torna-se exigível durante a vigência do contrato, se a sociedade subordinada for declarada falida.
The duty to make good annual losses not offset by reserves created during the agreement, and enforceability only after termination unless the subordinate company is declared bankrupt, are retained.
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Unofficial English translation prepared by BCA Portugal for reference. Only the Portuguese text published in the Diário da República has legal force. Editorial notes are ours and are not part of the statute.