Common use of REASONS FOR AND BENEFITS OF ENTERING INTO THE PURCHASE AGREEMENT Clause in Contracts

REASONS FOR AND BENEFITS OF ENTERING INTO THE PURCHASE AGREEMENT. AND THE FINANCE LEASE AGREEMENTS The Company’s principal activities are to provide finance leasing and advisory services to customers. The entering of the Purchase Agreement and the Finance Lease Agreements is part of the Company’s ordinary and usual course of business, which is expected to provide a stable revenue and cashflow to the Company. The Directors consider that entering into the Purchase Agreement and the Finance Lease Agreements will generate revenue and profit to the Company over the lease period and is consistent with the Company’s business development strategy. Since the Purchase Agreement and the Finance Lease Agreements were entered into under normal commercial terms, the Directors are of the view that the terms under the Purchase Agreement the Finance Lease Agreements are fair and reasonable and are in the interests of the Company and its shareholders as a whole.

Appears in 3 contracts

Samples: Finance Lease Agreement, Purchase Agreement and Finance Lease Agreement, Finance Lease Agreement

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REASONS FOR AND BENEFITS OF ENTERING INTO THE PURCHASE AGREEMENT. AND THE FINANCE LEASE AGREEMENTS The Company’s principal activities are to provide finance leasing and advisory services to customers. The entering of the Purchase Agreement and the Finance Lease Agreements is part of the Company’s ordinary and usual course of business, which is expected to provide a stable revenue and cashflow to the Company. The Directors consider that entering into the Purchase Agreement and the Finance Lease Agreements will generate revenue and profit to the Company over the lease period and is consistent with the Company’s business development strategy. Since the Purchase Agreement and the Finance Lease Agreements were was entered into under normal commercial terms, the Directors are of the view that the terms under the Purchase Agreement and the Finance Lease Agreements are fair and reasonable and are in the interests of the Company and its shareholders as a whole.

Appears in 2 contracts

Samples: Purchase Agreement, Purchase Agreement

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REASONS FOR AND BENEFITS OF ENTERING INTO THE PURCHASE AGREEMENT. AND THE FINANCE LEASE AGREEMENTS The Company’s principal activities are to provide finance leasing and advisory services to customers. The entering of the Purchase Agreement and the Finance Lease Agreements is part of the Company’s ordinary and usual course of business, which is expected to provide a stable revenue and cashflow to the Company. The Directors consider that entering into the Purchase Agreement and the Finance Lease Agreements and the transactions contemplated thereunder will generate revenue and profit to the Company over the lease period and is consistent with the Company’s business development strategy. Since the Purchase Agreement and the Finance Lease Agreements were was entered into under normal commercial terms, the Directors are of the view that the terms under the Purchase Agreement and the Finance Lease Agreements are fair and reasonable and are in the interests of the Company and its shareholders as a whole.

Appears in 1 contract

Samples: Purchase Agreement

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