CDB NEW ENERGY FINANCE LEASE SERVICE FRAMEWORK AGREEMENT Sample Clauses

CDB NEW ENERGY FINANCE LEASE SERVICE FRAMEWORK AGREEMENT. Date: 11 May 2020 Parties: CDB New Energy, as the lessee The Company, as the lessor Principal Terms: • CDB New Energy Finance Lease Service Framework Agreement is valid for three years from 1 January 2020 until expiration on 31 December 2022; • The Company will provide finance lease services to CDB New Energy and/or its associates, including but not limited to energy equipment, infrastructure, integrated circuits, large equipment and at the same time receive rental income from CDB New Energy and/or its associates for the provision of such finance lease services; • Both parties will enter into a Specific Agreement Concerned for each lease service. Pricing Policy: Leasing business is the Company’s core business, and the transaction price and credit structure under the CDB New Energy Finance Lease Service Framework Agreement are determined based on normal commercial terms after arm’s length negotiation between both parties following the principles of good faith and fairness for their respective benefits. As the basis of determining the value of the leased equipment is the fair market value of the leased properties, the lease amount will not exceed the fair market value of the leased properties. In determining the comprehensive interests to be charged against CDB New Energy, the Company has considered, among others, (1) the terms and conditions which are no less favourable to the Company than those offered to any independent third party; (2) the over 5-year LPR published by the National Interbank Funding Center with the authorization from the PBOC as may be adjusted from time to time. • In terms of the sale-and-leaseback services, the interest of the lease shall not deviate from its fair market value (i.e. within the range of over 5-year LPR plus or minus 100BP published by the National Interbank Funding Center with the authorization from the PBOC). As at the date of this announcement, the over 5-year LPR published by the National Interbank Funding Center was approximately 4.65%. • In terms of the direct lease service, the interest of the lease shall not deviate from its fair market value (i.e. within the range of over 5-year LPR plus or minus 100BP published by the National Interbank Funding Center with the authorization from the PBOC). As at the date of this announcement, the over 5-year LPR published by the National Interbank Funding Center was approximately 4.65%.
Sample 1
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Related to CDB NEW ENERGY FINANCE LEASE SERVICE FRAMEWORK AGREEMENT

  • Interconnection Agreement On or before December 31, 2015, Wholesale Market Participant must enter into an Interconnection Agreement with the Transmission Owner in order to effectuate the WMPA. Wholesale Market Participant shall demonstrate the occurrence of each of the foregoing milestones to Transmission Provider’s reasonable satisfaction. Transmission Provider may reasonably extend any such milestone dates, in the event of delays that Wholesale Market Participant (i) did not cause and (ii) could not have remedied through the exercise of due diligence. If (i) the Wholesale Market Participant suspends work pursuant to a suspension provision contained in an interconnection and/or construction agreement with the Transmission Owner or (ii) the Transmission Owner extends the date by which Wholesale Market Participant must enter into an interconnection agreement relative to this WMPA, and (iii) the Wholesale Market Participant has not made a wholesale sale under this WMPA, the Wholesale Market Participant may suspend this WMPA by notifying the Transmission Provider and the Transmission Owner in writing that it wishes to suspend this WMPA, with the condition that, notwithstanding such suspension, the Transmission System shall be left in a safe and reliable condition in accordance with Good Utility Practice and Transmission Provider’s safety and reliability criteria. Wholesale Market Participant’s notice of suspension shall include an estimated duration of the suspension period and other information related to the suspension. Pursuant to this section 3.1, Wholesale Market Participant may request one or more suspensions of work under this WMPA for a cumulative period of up to a maximum of three years. If, however, the suspension will result in a Material Modification as defined in Part I, Section 1.18A.02 of the Tariff, then such suspension period shall be no greater than one (1) year. If the Wholesale Market Participant suspends this WMPA pursuant to this Section 3.1 and has not provided written notice that it will exit such suspension on or before the expiration of the suspension period described herein, this WMPA shall be deemed terminated as of the end of such suspension period. The suspension time shall begin on the date the suspension is requested or on the date of the Wholesale Market Participant’s written notice of suspension to Transmission Provider, if no effective date was specified. All milestone dates stated in this Section 3.1 shall be deemed to be extended coextensively with any suspension period permitted pursuant to this provision.

  • FRAMEWORK AGREEMENT MANAGEMENT The Parties shall manage this Framework Agreement in accordance with Schedule 14 (Framework Management).

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