Common use of THE FINANCE LEASE AGREEMENT Clause in Contracts

THE FINANCE LEASE AGREEMENT. On 23 December 2020, XYZH, as xxxxxx, entered into the Finance Lease Agreement with CNNC Leasing, as lessor, pursuant to which CNNC Leasing shall purchase the Leased Assets from XYZH for a total consideration of RMB338,000,000. The Leased Assets would then be leased to XYZH for a term of 10 years. The ownership of the Leased Assets under the Finance Lease Agreement will be vested in CNNC Leasing throughout the lease period. At the end of the lease period and subject to payments by XYZH of (i) all amounts due under the Finance Lease Agreement; and (ii) a nominal consideration of RMB10,000 for the Leased Assets, the ownership of the Leased Assets will be vested in XYZH. 23 December 2020 Lessor: CNNC Leasing Lessee: XYZH The Finance Lease Agreement comprised (i) the purchase of the Leased Assets by CNNC Leasing from XYZH; and (ii) the lease arrangements, details of which are set out below. Pursuant to the Finance Lease Agreement, CNNC Leasing shall purchase the Leased Assets from XYZH for a total consideration of RMB338,000,000. The consideration to be paid by CNNC Leasing was determined after arm’s length negotiations between parties to the Finance Lease Agreement by reference to the prevailing market price of the Leased Assets. The payment of the consideration is conditional upon the fulfilment of certain conditions under the Finance Lease Agreement, including, among others, (a) CNNC Leasing having received the relevant documentary proof for confirming (i) the ownership of the Leased Assets; and (ii) completion of the applicable registration procedures in respect of certain of the pledges and guarantee as mentioned in the third paragraph under the section headed “Lease payments” below; and (b) CNNC Leasing having received a handling fee in the amount of RMB6,760,000 from XYZH. Pursuant to the Finance Lease Agreement, CNNC Leasing agreed to lease the Leased Assets to XYZH for a term of 10 years. The commencement date(s) of the finance lease period shall be notified by CNNC Leasing in writing.

Appears in 1 contract

Samples: Finance Lease Agreement

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THE FINANCE LEASE AGREEMENT. On 23 December 202018 September 2019, XYZHQXZF and BEWP, as xxxxxxco-lessees, entered into the Finance Lease Agreement with CNNC ICBC Leasing, as lessor, pursuant to which CNNC ICBC Leasing shall purchase the Leased Assets from XYZH the Group for a total consideration of RMB338,000,000. The Leased Assets would RMB650,000,000, which shall then be leased to XYZH the co-lessees for a term of 10 12 years. The ownership of the Leased Assets under the Finance Lease Agreement will be vested in CNNC ICBC Leasing throughout the lease period. At the end of the lease period and subject to payments by XYZH the co-lessees of (i) all amounts due under the Finance Lease Agreement; and (ii) a nominal consideration of RMB10,000 RMB1 for the Leased Assets, the ownership of the Leased Assets will be vested in XYZHthe co-lessees. 23 December 2020 18 September 2019 Lessor: CNNC ICBC Leasing LesseeCo-lessees: XYZH QXZF and BEWP To the best knowledge, information and belief of the Directors having made all reasonable enquiries, ICBC Leasing and its ultimate beneficial owners are Independent Third Parties. The Finance Lease Agreement comprised (i) the purchase of the Leased Assets by CNNC ICBC Leasing from XYZHthe Group; and (ii) the lease arrangements, details of which are set out discussed below. Pursuant to the Finance Lease Agreement, CNNC ICBC Leasing shall purchase the Leased Assets from XYZH the Group for a total consideration of RMB338,000,000. The consideration to be paid by CNNC Leasing RMB650,000,000, which was determined after arm’s length negotiations between parties to the Finance Lease Agreement Group and ICBC Leasing by reference to the prevailing market price of the Leased Assets. The payment of the consideration is conditional upon the fulfilment of certain conditions under the Finance Lease Agreement, including, among others, (a) CNNC ICBC Leasing having received the relevant documentary proof for confirming (i) the ownership of the Leased Assets; and (ii) completion of the applicable registration procedures in respect of certain of the pledges and guarantee as mentioned in the third paragraph under the section headed “Lease payments” below; and (b) CNNC Leasing having received a handling fee in the amount of RMB6,760,000 from XYZH. Pursuant to the Finance Lease Agreement, CNNC Leasing agreed to lease the Leased Assets to XYZH for a term of 10 years. The commencement date(s) of the finance lease period shall be notified by CNNC Leasing in writing.confirming

Appears in 1 contract

Samples: Finance Lease Agreement

THE FINANCE LEASE AGREEMENT. On 23 December 29 September 2020, XYZHXXXXX (on behalf of the BECEE Group), as xxxxxxlessee, entered into the Finance Lease Agreement with CNNC CRCC Leasing, as lessor, pursuant to which CNNC CRCC Leasing shall purchase the Leased Assets from XYZH the BECEE Group for a total consideration of RMB338,000,000RMB450,000,000. The Leased Assets would then be leased to XYZH the BECEE Group for a term of 10 8 years. The ownership of the Leased Assets under the Finance Lease Agreement will be vested in CNNC CRCC Leasing throughout the lease period. At the end of the lease period and subject to payments by XYZH XXXXX of (i) all amounts due under the Finance Lease Agreement; and (ii) a nominal consideration of RMB10,000 for the Leased Assets, the ownership of the Leased Assets will be vested in XYZHthe BECEE Group. 23 December 29 September 2020 Lessor: CNNC CRCC Leasing Lessee: XYZH BECEE (on behalf of the BECEE Group) The Finance Lease Agreement comprised (i) the purchase of the Leased Assets by CNNC CRCC Leasing from XYZHthe BECEE Group; and (ii) the lease arrangements, details of which are set out below. Pursuant to the Finance Lease Agreement, CNNC CRCC Leasing shall purchase the Leased Assets from XYZH the BECEE Group for a total consideration of RMB338,000,000RMB450,000,000. The consideration to be paid by CNNC CRCC Leasing was determined after arm’s length negotiations between parties to the Finance Lease Agreement by reference to the prevailing market price of the Leased Assets. The payment of the consideration is conditional upon the fulfilment of certain conditions under the Finance Lease Agreement, including, among others, (a) CNNC CRCC Leasing having received the relevant documentary proof for confirming (i) the ownership of the Leased Assets; and (ii) completion of the applicable registration procedures in respect of certain of the pledges and guarantee as mentioned in the third paragraph under the section headed “Lease payments” below; and (b) CNNC CRCC Leasing having received a the initial payment for the handling fee and other fees in the amount of RMB6,760,000 RMB13,500,000 from XYZHBECEE. Pursuant to the Finance Lease Agreement, CNNC CRCC Leasing agreed to lease the Leased Assets to XYZH the BECEE Group for a term of 10 8 years. The commencement date(s) of the finance lease period shall be notified by CNNC CRCC Leasing in writing.

Appears in 1 contract

Samples: Finance Lease Agreement

THE FINANCE LEASE AGREEMENT. On 23 December 202013 June 2019, XYZH, as xxxxxx, the Lessees entered into the Finance Lease Agreement with CNNC CRCC Leasing, as lessor, pursuant to which CNNC CRCC Leasing shall purchase the Leased Assets from XYZH the Group for a total consideration of RMB338,000,000RMB70,538,798. The Leased Assets would were then be leased to XYZH the Lessees for a term of 10 8 years. The ownership of the Leased Assets under the Finance Lease Agreement will be vested in CNNC CRCC Leasing throughout the lease period. At the end of the lease period and subject to payments by XYZH the Lessees of (i) all amounts due under the Finance Lease Agreement; and (ii) a nominal consideration of RMB10,000 RMB5,000 for the Leased Assets, the ownership of the Leased Assets will be vested in XYZHthe Lessees. 23 December 2020 13 June 2019 Lessor: CNNC CRCC Leasing LesseeLessees: XYZH The Lessees To the best knowledge, information and belief of the Directors having made all reasonable enquiries, CRCC Leasing and its ultimate beneficial owners are Independent Third Parties. The Finance Lease Agreement comprised (i) the purchase of the Leased Assets by CNNC CRCC Leasing from XYZHthe Group; and (ii) the lease arrangements, details of which are set out discussed below. Pursuant to the Finance Lease Agreement, CNNC CRCC Leasing shall purchase the Leased Assets from XYZH the Group for a total consideration of RMB338,000,000RMB70,538,798. The consideration to be paid by CNNC CRCC Leasing was determined after arm’s length negotiations between parties to the Finance Lease Agreement Group and CRCC Leasing by reference to the prevailing market price of the Leased Assets. The payment of the consideration is conditional upon the fulfilment of certain conditions under the Finance Lease Agreement, including, among others, (a) CNNC CRCC Leasing having received the relevant documentary proof for confirming (i) the ownership of the Leased Assets; and (ii) completion of the applicable registration procedures in respect of certain of the pledges and guarantee as mentioned in the third paragraph under the section headed “Lease payments” below; and (b) CNNC Leasing having received a handling fee in the amount of RMB6,760,000 from XYZH. Pursuant to below have been completed for the Finance Lease Agreement, CNNC Leasing agreed to lease the Leased Assets to XYZH for a term of 10 years. The commencement date(s) of the finance lease period shall be notified by CNNC Leasing in writing.

Appears in 1 contract

Samples: Finance Lease Agreement

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THE FINANCE LEASE AGREEMENT. On 23 December 20202 June 2021, XYZHJinjie New Energy and BTJY, as xxxxxxlessees, entered into the Finance Lease Agreement with CNNC LeasingXXX Xxxxxxx, as lessor, pursuant to which CNNC XXX Leasing shall purchase the Leased Assets from XYZH Jinjie New Energy and BTJY for a total consideration of RMB338,000,000RMB280,000,000 (RMB150,000,000 for the Leased Assets I and RMB130,000,000 for the Leased Assets II). The Leased Assets would then be leased to XYZH Jinjie New Energy and BTJY respectively for a term of 10 8 years. The ownership of the Leased Assets under the Finance Lease Agreement will be vested in CNNC XXX Leasing throughout the lease period. At the end of the lease period and subject to payments by XYZH Jinjie New Energy and BTJY of (i) all amounts due under the Finance Lease Agreement; and (ii) a nominal consideration of RMB10,000 RMB100 for the Leased Assets, the ownership of the Leased Assets will be vested in XYZHJinjie New Energy and BTJY, respectively. 23 December 2020 2 June 2021 Lessor: CNNC Leasing LesseeXXX Xxxxxxx Lessees: XYZH Jinjie New Energy and BTJY The Finance Lease Agreement comprised (i) the purchase of the Leased Assets by CNNC Leasing XXX Xxxxxxx from XYZHJinjie New Energy and BTJY; and (ii) the lease arrangements, details of which are set out below. Pursuant to the Finance Lease Agreement, CNNC Leasing XXX Xxxxxxx shall purchase the Leased Assets from XYZH Jinjie New Energy and BTJY for a total consideration of RMB338,000,000RMB280,000,000 (RMB150,000,000 for the Leased Assets I and RMB130,000,000 for the Leased Assets II). The consideration to be paid by CNNC Leasing XXX Xxxxxxx was determined after arm’s length negotiations between parties to the Finance Lease Agreement by reference to the prevailing market price of the Leased Assets. The payment of the consideration is conditional upon the fulfilment of certain conditions under the Finance Lease Agreement, including, among others, (a) CNNC Leasing XXX Xxxxxxx having received the relevant documentary proof for confirming (i) the ownership of the Leased Assets; and (ii) completion of the applicable registration procedures in respect of certain of the pledges and guarantee as mentioned in the third paragraph under the section headed “Lease payments” below; and (b) CNNC Leasing having received a handling fee in the amount of RMB6,760,000 from XYZH. Pursuant to the Finance Lease Agreement, CNNC Leasing agreed to lease the Leased Assets to XYZH for a term of 10 years. The commencement date(s) of the finance lease period shall be notified by CNNC Leasing in writing.

Appears in 1 contract

Samples: Finance Lease Agreement

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