Lease back arrangements Sample Clauses

Lease back arrangements. Pursuant to the Finance Lease Agreement, the JV Company agreed to lease the Machinery and Equipment back to Hongze Hospital for a term of three years commencing from the day the JV Company makes the first payment to Hongze Hospital in accordance with the Sale and Purchase Agreement. The Machinery and Equipment comprised certain machinery and equipment including semi- conductor laser treatment system, patient monitor, ultrasound diagnosis system, defibrillator, ventilator and ambulance owned by Hongze Hospital. Pursuant to the Finance Lease Agreement, the amount of lease rent to be paid by Hongze Hospital to the JV Company was calculated based on the principal lease cost and the lease interest rate. The total principal lease cost under the Finance Lease Agreement was RMB30,000,000.00 (equivalent to approximately HK$36.00 million). The lease rent is calculated at the actual interest rate of 11.03% per annum during the lease term. Based on the aforementioned interest rate, the total lease rent payable by Hongze Hospital under the Finance Lease Agreement will be RMB33,365,664.00 (equivalent to approximately HK$40.00 million). In accordance with the Finance Lease Agreement, the lease rent will be payable by Hongze Hospital every three months in twelve installments. In the event that Hongze Hospital fails to pay any sum payable under the Finance Lease Agreement when due, default interest may be charged for each day of late repayment, if more than one day of late repayment, at the rate of 0.3% per day of any sum payable. Hongze Hospital shall pay a refundable interest-free deposit of RMB1,500,000.00 (equivalent to approximately HK$1.80 million) to the JV Company as a guarantee of its obligation under the Finance Lease Agreement within two workings days after the JV Company makes the first payment in accordance to the Sale and Purchase Agreement. Such deposit shall be used to offset any default of repayment of Hongze Hospital. The lease rent was determined after arm’s length negotiations between the parties to the Finance Lease Agreement by reference to the principal amounts of the lease and the prevailing market interest rate for finance leases of comparable machines and equipment.
Sample 1
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Lease back arrangements. Pursuant to the Finance Lease Agreement, XXX Xxxxxxx agreed to lease the Leased Assets to BKJC for a term of 8 years. The commencement date(s) of the finance lease period shall be notified by XXX Xxxxxxx in writing.
Sample 1
Lease back arrangements. Pursuant to the Finance Lease Agreement, SPDB Leasing agreed to lease the Leased Assets to LBCY for a term of 8 years. The commencement date of the finance lease period shall be notified by SPDB Leasing in writing.
Sample 1
Lease back arrangements. Pursuant to the Finance Lease Agreement, CDB Leasing agreed to lease the Leased Assets to AYYG for a term of 12 years. The commencement date(s) of the finance lease period shall be notified by CDB Leasing in writing.
Sample 1
Lease back arrangements. Pursuant to the Finance Lease Agreement, Hebei Financial Leasing agreed to lease the Leased Assets to Datong Xxxxxxx for a term of 10 years.
Sample 1
Lease back arrangements. Pursuant to the Finance Lease Agreement, TP Leasing agreed to lease the Leased Assets to ZNXY for a term of 10 years. The commencement date(s) of the finance lease period shall be notified by TP Leasing in writing.
Sample 1
Lease back arrangements. Pursuant to the Finance Lease Agreement, XXX Xxxxxxx agreed to lease the Leased Assets to Jinjie New Energy and BTJY respectively for a term of 8 years. The commencement date(s) of the finance lease period shall be notified by XXX Xxxxxxx in writing.
Sample 1
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Related to Lease back arrangements

  • Leasing Arrangements From the Effective Date through Closing (the "Contract Period"), without Purchaser's prior written consent in each instance, Seller will not amend or terminate any existing Lease or enter into any new Lease without Purchaser's prior written consent (which may be given or withheld in its sole and absolute discretion). Without limitation thereon, any and all Leases to be entered into during the Contract Period shall be on Seller's standard lease form delivered to Purchaser and otherwise on terms and conditions acceptable to Purchaser. If Purchaser fails to grant or withhold its consent to any proposed Lease within five (5) days of receipt thereof, Purchaser shall be deemed to have consented to such Lease. Notwithstanding anything contained herein to the contrary, Purchaser's consent shall not be required with respect to any renewal Lease or consent to a sublease or assignment of Lease which Seller, as a matter of law or by a Lease, shall be required to deliver. Notwithstanding anything to the contrary contained in this Agreement, Seller reserves the right, but is not obligated, to institute summary proceedings against any Tenant or terminate any Lease as a result of a default by the tenant thereunder prior to the Closing Date. Seller makes no representations and assumes no responsibility with respect to the continued occupancy of the Property or any part thereof by any Tenant. The removal of a Tenant prior to the Closing Date, whether by summary proceedings (or any written agreement accepting surrender or termination of the Lease subsequent to the commencement of such summary proceedings) or unilateral act of such Tenant, shall not give rise to any claim on the part of Purchaser; provided, however, Purchaser shall have the right within ten (10) days of the removal of any Tenant as Purchaser's sole and exclusive remedy, to terminate this Agreement and receive a refund of any portion of the Xxxxxxx Money Deposit previously tendered by Purchaser to the Escrow Agent, whereupon this Agreement shall terminate and the parties shall have no further rights and obligations to one another except for those obligations expressly stated herein to survive. If Purchaser fails to terminate this Agreement within such ten (10) day period, Purchaser shall be deemed to have waived its right to terminate pursuant to this Section 7.1(e) and Purchaser shall proceed to Closing without credit against, or reduction of, the Purchase Price.

  • Additional Arrangements The UVMP in Košice can offer to students, within its own accommodation capacities, an accommodation in its own facilities for the respective academic year. The accommodation fee and conditions of providing the accommodation are in full competence of the UVMP.

  • Business Arrangements Except as disclosed in the Registration Statement, the Time of Sale Disclosure Package and the Prospectus, neither the Company nor any of its subsidiaries has granted rights to develop, manufacture, produce, assemble, distribute, license, market or sell its products to any other person and is not bound by any agreement that affects the exclusive right of the Company or such subsidiary to develop, manufacture, produce, assemble, distribute, license, market or sell its products.

  • Other Contractual Arrangements 8.1 Escrow Agent Not a Trustee The Escrow Agent accepts duties and responsibilities under this Agreement, and the escrow securities and any share certificates or other evidence of these securities, solely as a custodian, bailee and agent. No trust is intended to be, or is or will be, created hereby and the Escrow Agent shall owe no duties hereunder as a trustee.

  • SUPPLEMENTAL ARRANGEMENTS The Sub-Advisor may enter into arrangements with other persons affiliated with the Sub-Advisor or with unaffiliated third parties to better enable the Sub-Advisor to fulfill its obligations under this Agreement for the provision of certain personnel and facilities to the Sub- Advisor, subject to written notification to and approval of the Manager and, where required by applicable law, the Board of Directors of the Fund.

  • Special Arrangements Fees for activities of a non-recurring nature such as reorganizations, and/or preparation of special reports will be subject to negotiation.

  • Tax Arrangements 47.1 Where the Contractor is liable to be taxed in the UK in respect of consideration received under this contract, it shall at all times comply with the Income Tax (Earnings and Xxxxxxxx) Xxx 0000 (ITEPA) and all other statutes and regulations relating to income tax in respect of that consideration. 47.2 Where the Contractor is liable to National Insurance Contributions (NICs) in respect of consideration received under this Framework Agreement, it shall at all times comply with the Social Security Contributions and Benefits Xxx 0000 (SSCBA) and all other statutes and regulations relating to NICs in respect of that consideration. 47.3 The Authority may, at any time during the term of this Framework Agreement, request the Contractor to provide information which demonstrates how the Contractor complies with sub-clauses 47.1 and 47.2 above or why those clauses do not apply to it. 47.4 A request under sub-clause 47.3 above may specify the information which the Contractor must provide and the period within which that information must be provided.

  • Management Arrangements 9.1. The Management Arrangements set out the arrangements for the strategic management of the relationship between the Authority and the Contractor, including arrangements for monitoring of the Contractor’s compliance with the Statement of Requirements, the Service Levels, the Award Procedures and the terms of this Framework Agreement. 9.2. The Authority may by notice to the Contractor suspend the Contractor’s appointment to provide Services to Framework Public Bodies for a notified period of time: 9.2.1. if the Authority becomes entitled to terminate this Framework Agreement under clause 42 (Termination Rights) or 43 (Termination on Insolvency or Change of Control); or 9.2.2. in any other circumstance provided for in the Management Arrangements. 9.3. Suspension under clause 9.2 shall terminate upon cessation of all of any circumstances referred to in subclauses 9.2.1 and 9.2.2. 9.4. The Contractor must continue to perform existing Call-off Contracts during any period of suspension under clause 9.2.

  • Escrow Arrangements Pursuant to the Escrow Agreement to be entered into among Millxx, xxe Company, Buyer and the Escrow Agent, the portion of the Remaining Purchase Price specified in SECTION 2.6(c) shall be delivered to the Escrow Agent at Closing in immediately available funds. Such monies (which, together with all interest accrued thereon, is hereinafter referred to as the "ESCROW SUM") shall be held pursuant to the terms of the Escrow Agreement for payment from such Escrow Sum of the amounts, if any, owing by the Company and/or Millxx xx Buyer pursuant to the indemnification provisions of ARTICLE VIII below. At the conclusion of the period ending ten days after completion of the Post Closing AA Review and the resolution of any disputes therein pursuant to SECTION 2.9 below, the Escrow Sum shall be reduced to an amount equal to the sum of $1,000,000 in cash, plus the amount, if any, reserved, but not then paid or resolved, pursuant to claims made against the Escrow Sum by Buyer pursuant to the Escrow Agreement and this Agreement (such amount of reduction in the Escrow Sum being referred to as the "ESCROW SUM REDUCTION") and (ii) on April 17, 2000 (such period being referred to herein as the "ESCROW PERIOD"), such remaining portion of the Escrow Sum not theretofore claimed by or paid to Buyer in accordance with the terms of Escrow Agreement and this Agreement (together with any interest on such remaining portion of the Escrow Sum) shall be disbursed to the Company or Millxx. Xxe Company, Millxx xxx Buyer agree that each will execute and deliver such reasonable instruments and documents as are furnished by any other party to enable such furnishing party to receive all disbursements pursuant to the Escrow Sum Reduction or at the expiration of the Escrow Period which the furnishing party is entitled under the provisions of the Escrow Agreement and this Agreement.

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