Entrusted lease service Sample Clauses

Entrusted lease service. Shenzhen Finance Leasing Group shall accept funds or Leased Assets from the members of the Group and provide finance lease services (including direct lease service and sale and lease-back service) in accordance with the written entrustment of the Group to the lessees designated by such members of the Group (such lessee must be a member of the Group). For both direct lease service and sale and lease-back service, the relevant members of the Group and Shenzhen Finance Leasing Group shall enter into specific agreement(s) pursuant to the New Finance Lease Framework Agreement to set out the specific terms of the provision of the finance lease services in connection with the relevant Leased Asset. The term of such contracts shall not exceed the term of the New Finance Lease Framework Agreement. Upon expiry of the term of such contracts, the relevant member(s) of the Group shall be entitled to purchase or acquire the ownership of the relevant Leased Asset from the relevant member(s) of Shenzhen Finance Leasing Group at nominal value or without consideration. Finance lease cost The rate of finance lease cost for the finance lease services provided by Shenzhen Finance Leasing Group shall not be higher than the loan prime rate (LPR) published regularly by the National Interbank Funding Centre as authorised by the PBOC. Such finance lease cost shall not be higher than the finance lease cost for comparable finance lease services available from other finance leasing companies in the PRC and the finance lease cost for similar finance lease services provided by Shenzhen Finance Leasing Group to JCC Group.
Sample 1
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Entrusted lease service. In respect of the entrusted lease service, Shenzhen Finance Leasing Group shall accept funds or Leased Assets from the members of the Group and, according to written entrustment of the relevant members of the Group, provide finance lease services (including direct lease service and sale and lease-back service) to the lessees designated by such members of the Group (such lessee must be a member of the Group). For both direct lease service and sale and lease-back service, the relevant members of the Group and Shenzhen Finance Leasing Group shall enter into execution contracts pursuant to the New Finance Lease Framework Agreement to set out the specific terms of the provision of the finance lease services in connection with the relevant Leased Asset. The term of such contracts shall not exceed the term of the New Finance Lease Framework Agreement. Upon expiry of the term of such contracts, the relevant member(s) of the Group shall be entitled to purchase or acquire the ownership of the relevant Leased Asset from the relevant member(s) of Shenzhen Finance Leasing Group at nominal value or without consideration. Finance lease cost Pursuant to the New Finance Lease Framework Agreement, the rate of the finance lease cost of finance lease services provided by Shenzhen Finance Leasing Group shall not be higher than the benchmark loan interest rate for the same term published by the PBOC from time to time; the relevant finance lease cost shall not be higher than the finance lease cost for comparable finance lease services available from other finance leasing companies in the PRC; and the finance lease cost for similar finance lease services offered by Shenzhen Finance Leasing Group to JCC Group.
Sample 1

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