ASSET LEASE AGREEMENT Sample Clauses

ASSET LEASE AGREEMENT. References are made to the announcements of the Company dated 25 September 2012 and 19 April 2013 where the Company announced that the Company and CSAHC have entered into the Existing Asset Lease Agreement and the Nanyang Asset Lease Agreement. As the Existing Asset Lease Agreement and the Nanyang Asset Lease Agreement shall expire soon and the lease transaction contemplated under the above-mentioned agreements would continue to be entered into on a recurring basis, the Company and CSAHC entered into the new Asset Lease Agreement on 29 December 2014 (after trading hours) for a term of three years from 1 January 2015 to 31 December 2017 to renew lease transactions originally covered under the Existing Asset Lease Agreement and the Nanyang Asset Lease Agreement.
Sample 1
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ASSET LEASE AGREEMENT. References are made to the announcements of the Company dated 25 September 2012 and 19 April 2013 where the Company announced that the Company and CSAHC have entered into the Existing Asset Lease Agreement and the Nanyang Asset Lease Agreement. As the Existing Asset Lease Agreement and the Nanyang Asset Lease Agreement shall expire soon and the lease transaction contemplated under the above-mentioned agreements would continue to be entered into on a recurring basis, the Company and CSAHC entered into the new Asset Lease Agreement on 29 December 2014 (after trading hours) for a term of three years from 1 January 2015 to 31 December 2017 to renew lease transactions originally covered under the Existing Asset Lease Agreement and the Nanyang Asset Lease Agreement. Subject Matter Pursuant to the Asset Lease Agreement, CSAHC agrees to continue to lease to the Company certain parcels of land, properties, and civil aviation structures and facilities at existing locations in Guangzhou, Haikou, Wuhan, Hengyang, Jingzhou, Zhanjiang, Changsha and Nanyang (mainly referred to Jiangying Airport) for a term of three years commencing from 1 January 2015 to 31 December 2017. Under the Asset Lease Agreement, the annual rent payable by the Company is RMB86,268,700 and the Company shall fund this wholly out of its internal funds. Historical Figures and Annual Cap The previous annual rental paid to CSAHC by the Company (i) for leasing relating to asset under the Existing Asset Lease Agreement for the two years ended 31 December 2013 and the period from 1 January to 28 December 2014 were approximately RMB35.92 million, RMB35.92 million and RMB35.92 million, respectively; and (ii) under the old Nanyang asset lease agreement for the year ended 31 December 2012 were approximately RMB12.44 million and the Nanyang Asset Lease Agreement for the year ended 1 January 2013 and the period from 1 January to 28 December 2014 were approximately RMB30.26 million and RMB30.26 million, respectively. The annual rent payable pursuant to the Asset Lease Agreement of RMB86,268,700 is determined after arm's length negotiation by the parties with reference to the historical figures, change of the asset for lease and rental assessment report prepared by Zhonghuan Songde(Beijing) Assets Appraisal Co., Ltd.(中環松德（北京）資產評估有限公司）taking into account the prevailing market rental for properties located at similar locations. Pursuant to the Listing Rules, the lease transaction contemplated under the Asset Lease ...
Sample 1

Related to ASSET LEASE AGREEMENT

  • Lease Agreement On the terms stated in this Lease, Landlord leases the Premises to Tenant, and Tenant leases the Premises from Landlord, for the Term beginning on the Commencement Date and ending on the Termination Date unless extended or sooner terminated pursuant to this Lease.

  • Lease Agreements 13.1 The Customer shall provide FPL a copy of the lease agreement, as applicable, for any and all leased interconnection equipment.

  • Sublease Agreement Sublandlord and Subtenant hereby represent that a true and complete copy of the Sublease Agreement is attached hereto and made a part hereof as Exhibit A.

  • Net Lease THIS OPERATING LEASE SHALL BE A NET LEASE, AND EACH LESSEE’S OBLIGATION TO PAY ALL RENT AND OTHER SUMS HEREUNDER SHALL BE ABSOLUTE AND UNCONDITIONAL, AND SHALL NOT BE SUBJECT TO ANY ABATEMENT OR REDUCTION FOR ANY REASON WHATSOEVER. The obligations and liabilities of the Lessees hereunder shall in no way be released, discharged or otherwise affected (except as may be expressly provided in this Operating Lease, including, without limitation, the right of a Lessee to reject Vehicles pursuant to Section 2.2 of the Base Lease) for any reason, including without limitation: (i) any defect in the condition, merchantability, quality or fitness for use of the Vehicles or any part thereof; (ii) any damage to, removal, abandonment, salvage, loss, scrapping or destruction of or any requisition or taking of the Vehicles or any part thereof; (iii) any restriction, prevention or curtailment of or interference with any use of the Vehicles or any part thereof; (iv) any defect in or any Lien on title to the Vehicles or any part thereof; (v) any change, waiver, extension, indulgence or other action or omission in respect of any obligation or liability of a Lessee or the Lessor; (vi) any bankruptcy, insolvency, reorganization, composition, adjustment, dissolution, liquidation or other like proceeding relating to such Lessee, the Lessor or any other Person, or any action taken with respect to this Operating Lease by any trustee or receiver of any Person mentioned above, or by any court; (vii) any claim that such Lessee has or might have against any Person, including without limitation the Lessor; (viii) any failure on the part of the Lessor to perform or comply with any of the terms hereof or of any other agreement; (ix) any invalidity or unenforceability or disaffirmance of this Operating Lease or any provision hereof or any of the other Related Documents with respect to any Series of Notes or any provision of any thereof, in each case whether against or by such Lessee or otherwise; (x) any insurance premiums payable by such Lessee with respect to the Vehicles; or (xi) any other occurrence whatsoever, whether similar or dissimilar to the foregoing, whether or not such Lessee shall have notice or knowledge of any of the foregoing and whether or not foreseen or foreseeable. This Operating Lease shall be noncancelable by any Lessee and, except as expressly provided herein, each Lessee, to the extent permitted by law, waives all rights now or hereafter conferred by statute or otherwise to quit, terminate or surrender this Operating Lease, or to any diminution or reduction of Rent payable by the Lessee hereunder. All payments by a Lessee made hereunder shall be final (except to the extent of adjustments provided for herein), absent manifest error and, except as otherwise provided in this Operating Lease, no Lessee shall seek to recover any such payment or any part thereof for any reason whatsoever, absent manifest error. If for any reason whatsoever this Operating Lease shall be terminated in whole or in part by operation of law or otherwise except as expressly provided herein, each Lessee shall nonetheless pay an amount equal to each Rent payment at the time and in the manner that such payment would have become due and payable under the terms of this Operating Lease as if it had not been terminated in whole or in part. All covenants and agreements of each Lessee in this Operating Lease shall be performed at its cost, expense and risk unless expressly otherwise stated.

  • Ground Lease Reserved.

  • Agreement to Lease Landlord agrees to lease to Tenant and Tenant agrees to lease from Landlord, according to the terms and conditions set forth herein, the Premises.

  • Operating Lease The parties hereto intend that this Lease shall be deemed for all purposes to be an operating lease and not a capital lease.

  • Triple Net Lease Landlord and Tenant acknowledge that, to the extent provided in this Lease, it is their intent and agreement that this Lease be a “TRIPLE NET” lease and that as such, the provisions contained in this Lease are intended to pass on to Tenant or reimburse Landlord for the costs and expenses reasonably associated with this Lease, the Building and the Project, and Tenant’s operation therefrom to the extent provided in this Lease. To the extent such costs and expenses payable by Tenant cannot be charged directly to, and paid by, Tenant, such costs and expenses shall be paid by Landlord but reimbursed by Tenant as Additional Rent.

  • Property Management Agreement The Property Management Agreement is in full force and effect and, to Borrower's Knowledge, there are no defaults thereunder by any party thereto and no event has occurred that, with the passage of time and/or the giving of notice would constitute a default thereunder.

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