Leasing of facilities. 16.3.1 The "DEVELOPER" may lease or license, the use of the assets, constructed by it on the land, to third parties to be operated and / or used by such third parties / sub lessees.
Leasing of facilities. (a) The Licensee may lease or license the use of the assets constructed by it on the Leased Premises to third parties to be operated and / or used by such third parties/ lessees. The ownership of such assets shall remain vested in the Licensee subject to the terms of this Agreement and the Lease and Possession Agreement.
Leasing of facilities land and office spaces For operational needs, the Company and its subsidiaries have to lease facilities, land and office spaces (mainly including power transmission and transformation assets, vessels, land and office spaces for power plants, etc.) from Huaneng Group and its subsidiaries and associates. Pursuant to the provisions of the 2022 Huaneng Group Framework Agreement with respect to the leasing of facilities, land and office spaces in 2022 by the Company and its subsidiaries from Huaneng Group and its subsidiaries and associates, the cap of the relevant transaction amount for 2022 was set at RMB300 million. During the period from 1 January 2022 to 30 September 2022, the aggregate transaction amount (unaudited) which has already been paid by the Company and its subsidiaries to Huaneng Group and its subsidiaries and associates for leasing of facilities, land and office spaces was approximately RMB143 million. It is estimated that by the end of 2022, the actual aggregate transaction amount will not exceed the anticipated transaction amount of 2022. Pursuant to the Huaneng Group Framework Agreement, the transaction amount with respect to the leasing of facilities, land and office spaces by the Company and its subsidiaries from Huaneng Group and its subsidiaries and associates in 2023 is estimated not to exceed RMB300 million. The estimate of such cap amount is based on the existing overall business scale and operation of the power plants of the Company and its subsidiaries, the anticipated development and growth of such power plants as deemed reasonable by the Company and its subsidiaries, taking into account at the same time the benefit of favourable prices offered by Huaneng Group and its subsidiaries and associates for leasing of facilities, land and office spaces. In respect of leasing of facilities, land and office spaces, the competitive advantage of Huaneng Group and its subsidiaries and its associates is their ability to offer more favourable prices for leasing of facilities, land and office spaces. Taking into consideration the ability of Huaneng Group and its subsidiaries and associate in offering more favourable prices for leasing of facilities, land and office spaces, and owing to their close relationships with the Company and its subsidiaries, Huaneng Group and its subsidiaries and associates are able to provide the Company with the leased facilities, land and office spaces in a timely and reliable manner, thereby minimising the management ...
Leasing of facilities. Lessee shall lease (or in the case of a Facility or FF&E under an Acquired Facilities Lease, shall sublease) such Facility or FF&E from Brazos pursuant to the Facilities Lease in accordance with the procedures of SECTION 2.3 hereof. Upon acquisition of a Facility or FF&E by purchase or lease, such Facility or FF&E shall cease to be governed by the terms, provisions, and conditions of this Agreement, and shall be governed by the terms, provisions, and conditions of the Facilities Lease; provided that nothing contained herein shall be deemed to relieve Brazos from its obligation to make the Reconciliation Advance or Additional Advance if the conditions hereof for such Reconciliation Advance or Additional Advance shall be satisfied by Lessee or to relieve Lessee from the obligation of satisfaction of all Liens with respect to any Facility or FF&E, it being expressly agreed that such obligation shall survive the making of the Initial Advance and the date of the Facility Leasing Record.
