Financial leasing Clause Samples
The financial leasing clause defines the terms under which one party (the lessor) provides an asset for use by another party (the lessee) in exchange for periodic payments over a specified period. Typically, the lessee selects the asset and supplier, while the lessor purchases the asset and retains ownership during the lease term, with the lessee assuming most of the risks and rewards of ownership. This clause is essential for enabling businesses to use expensive equipment or property without large upfront costs, while also clarifying responsibilities for maintenance, insurance, and end-of-lease options, thereby facilitating access to assets and managing financial risk.
Financial leasing. All payment and money transmission services, including credit charge and debit cards, travellers cheques and bankers drafts.
Financial leasing. [4. The provision of payment services as provided for in the Act on Payment Services.
Financial leasing. [4. The provision of payment services as provided for in the Act on Payment Services.
5. Issuing and administering payment documents such as travellers’ cheques and bills of exchange.]2)
6. [Providing guarantees and commitments.]1)
7. [Trading for own account or for the accounts of customers in]:1)
a. money market instruments (cheques, bills, other comparable payment instruments etc.),
b. foreign exchange,
c. [standard forward contracts and swaps (options)]1)
d. exchange rate and interest rate instruments and
Financial leasing. Hebei Financial Leasing is principally engaged in the finance leases and factoring businesses. As at the date of this announcement, Hebei Financial Leasing is held as to approximately 21.43% and 18.37% by河北建設投資集團有限責任公司 (Hebei Construction & Investment Group Co., Ltd.*) (“Hebei Construction”) and 新奧集團股份有限公司 (ENN Group Co., Ltd.*) (“ENN Group”), respectively, and the remaining equity interest of Hebei Financial Leasing is held by other Independent Third Parties. Hebei Construction is wholly-owned by the State-owned Assets Supervision and Administration Commission of the People’s Government of Hebei Province. ENN Group is ultimately owned by 19 PRC residents, including 趙寶菊 (▇▇▇▇ ▇▇▇▇▇), 劉德潤 (▇▇▇ ▇▇▇▇▇), 趙雲生 (▇▇▇▇ ▇▇▇▇▇▇▇▇), 尹信 (▇▇▇ ▇▇▇▇▇▇), 喬利民 (▇▇▇▇ ▇▇▇▇▇), 趙金峰 (▇▇▇▇ ▇▇▇▇▇▇▇), 鞠喜林 (▇▇ ▇▇▇▇▇▇▇) and 韓繼深 (▇▇▇ ▇▇▇▇▇▇). To the best knowledge, information and belief of the Directors having made all reasonable enquiries, Hebei Financial Leasing and its ultimate beneficial owners are Independent Third Parties. As one of the applicable percentage ratios set out in Rule 14.07 of the Listing Rules in respect of the Finance Lease Agreement and the transactions contemplated thereunder is more than 5% but all of them are lower than 25%, the entering into of the Finance Lease Agreement and the transactions contemplated thereunder constitute a discloseable transaction for the Company under Chapter 14 of the Listing Rules and are therefore subject to the reporting and announcement requirements under Chapter 14 of the Listing Rules.
Financial leasing. Hebei Financial Leasing is principally engaged in the finance leases and factoring businesses. As at the date of this announcement, Hebei Financial Leasing was held as to approximately 21.43%, 15.31%, 15.31%, 11.32%, 7.04%, 6.63%, 6.5%, 5.74%, 5.74% and 4.98% by 河北建設投資集團有限責任公司 (Hebei Construction & Investment Group Co., Ltd.*), 新奧控股投資股份有限公司 (ENN Holdings Investment Co., Ltd.*), 石家莊國控城市發展投資集團有限責任公司 (Shijiazhuang Guokong Urban Development Investments Group Co., Ltd.*), 新奧集團股份有限公司 (ENN Group Co., Ltd.*), 冀南鋼鐵集團有限公司 (Ji’nan Steel Group Co., Ltd.*), 河北省資產管理有限公司 (Hebei Asset Management Co., Limited), 唐山國控集團有限公司 (Tangshan Guokong Group Co., Ltd.*), 西安金匯汽車服務有限公司 (Xi’an Jinhui Automobile Service Co., Ltd.*), 上海德力西集團有限公司 (Shanghai Delixi Group Co., Ltd.*) and 華美現代流通發展有限公司 (Huamei Modern Circulation Development Co., Ltd.*), respectively. As at the date of this announcement, the ultimate beneficial owners of Hebei Financial Leasing were 河北省人民政府國有資產監督管理委員會 (the State-owned Assets Supervision and Administration Commission of the People’s Government of Hebei Province), 王玉鎖 (▇▇▇▇ ▇▇▇▇▇), 石家莊市人民政府國有資產監督管理委員會 (the State-owned Assets Supervision and Administration Commission of Shijiazhuang Municipal People’s Government), 王樹華 (▇▇▇▇ ▇▇▇▇▇▇), 唐山市人民政府國有資產監督管理委員會 (State-owned Assets Supervision and Administration Commission of TangShan Municipal People’s Government), 徐敏俊 (▇▇ ▇▇▇▇▇▇), 胡成中 (▇▇ ▇▇▇▇▇▇▇▇▇▇) and 張文中 (▇▇▇▇▇ ▇▇▇▇▇▇▇▇), with effective interest of 28.06%, 26.63%, 15.31%, 7.04%, 6.5%, 5.74%, 5.74% and 4.98%, respectively. To the best knowledge, information and belief of the Directors having made all reasonable enquiries, Hebei Financial Leasing and its ultimate beneficial owners are Independent Third Parties. Under the Amended and Restated Finance Lease Agreements, the legal ownership of the Leased Assets II and the Leased Assets III will be transferred to Hebei Financial Leasing and thus will constitute a disposal of assets. As the highest applicable percentage ratio exceeds 75%, such transactions under the Amended and Restated Finance Lease Agreements constitute a very substantial disposal of the Company which is subject to the reporting, announcement, circular and Shareholders’ approval requirements under Chapter 14 of the Listing Rules.