THE STEEL WIRE AND STEEL WIRE ROPE EQUIPMENT LEASE AGREEMENT Sample Clauses

THE STEEL WIRE AND STEEL WIRE ROPE EQUIPMENT LEASE AGREEMENT. Independent Financial Advisor
Sample 1
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THE STEEL WIRE AND STEEL WIRE ROPE EQUIPMENT LEASE AGREEMENT. (a) as discussed above under the section headed “The Group’s Wire Rope Production Line”, the operation of the Group’s Wire Rope Production Line in the Existing Properties and the Additional Properties is expected to be as long as 20 years due to the fact that the useful life of the Group’s Wire Rope Production Line is approximately 20 years. The 20- year term of the Steel Wire and Steel Wire Rope Equipment Lease Agreement which approximately matches the life expectancy of the Group’s Wire Rope Production Line will enable the Group to continue with its production with the existing machineries and equipment installed in the premises to avoid any interruption that may be caused by relocation due to non-renewal of the lease and unpredictable increase in operating cost; (b) Donvex Capital has obtained the valuation report issued by the Valuer in December 2015 and noted that the appraisal value of the Equipment was RMB80,609,035. The total rental payable under the Steel Wire and Steel Wire Rope Equipment Lease Agreement will be RMB80,609,035, which represents the appraisal value of the Equipment. The discounted cash outflow of the total rental payable under the Steel Wire and Steel Wire Rope Equipment Lease Agreement is more competitive than the cash outflow on purchasing the Equipment if the consideration of the Equipment is equal to its appraisal value with 20 years useful life. As such, the 20-year term of the Steel Wire and Steel Wire Rope Equipment Lease Agreement is justifiable; and (c) the Equipment is installed in the Additional Properties. In the event of non-renewal of a short-term lease, the Group is required to install or relocate machineries and equipment and may be required to incur relocation cost and huge initial investments, including but not limited to, (i) the cost of relocation and installation of heavy machineries; and (ii) the cost of new machineries and their installation cost. As such, the 20-year term of the Steel Wire and Steel Wire Rope Equipment Lease Agreement will enable the Group to eliminate the uncertainties of non-renewal of short-term lease and to avoid incurring such relocation costs and huge initial investments costs.
Sample 1
THE STEEL WIRE AND STEEL WIRE ROPE EQUIPMENT LEASE AGREEMENT. On 24 June 2016, XX Xxxxxxx entered into the Steel Wire and Steel Wire Rope Equipment Lease Agreement with Flourish Steel to lease the equipment located and installed in the Additional Properties from Flourish Steel.
Sample 1
THE STEEL WIRE AND STEEL WIRE ROPE EQUIPMENT LEASE AGREEMENT to lease the equipment located and installed in the Additional Properties from Flourish Steel. The annual caps for the amount payable by TJ Goldsun to Flourish Steel under the Property Lease Agreements, the New Processing Agreement and the Steel Wire and Steel Wire Rope Equipment Lease Agreement will be aggregated. The Group has established its Wire Rope Production Line in the factory premises owned by Flourish Steel. Part of the factory premises, which is the Existing Properties, was leased by Flourish Steel to TJ Goldsun pursuant to the Previous Property Lease Agreement. Each of TJ Goldsun and Flourish Steel owns some of the equipment for different stages of the Group’s Wire Rope Production Line located and installed in the Existing Properties and the Additional Properties. High-end steel wire rope products and steel wire rope products represent the Group’s primary goal and direction in its future development. Whilst striving to maintain the Group’s market leadership position in the field of elevator wire ropes in China, the Group is concurrently exploring the field of developing high-end steel wire rope products for other uses that could replace import products. With the aim to enhance the quality control of the Group’s wire rope products, to increase its operational efficiency and to facilitate the Group’s production of high-end steel wire rope products, XX Xxxxxxx entered into the abovementioned new agreements with Flourish Steel in June 2016. In general, the Group’s Wire Rope Production Line consists of the following three production stages: Stage 1: Wire acid cleaning, including phosphating Stage 2: Wire drawing, including heat treatment and may also include zinc plating Stage 3: Wire rope process, including stranding and closing Pursuant to the Previous Processing Agreement, production stages 1 and 2 are undertaken by Flourish Steel. After the entering into of the New Processing Agreement, production stage 1 will be undertaken by Flourish Steel while production stages 2 and 3 will be undertaken by XX Xxxxxxx. The Additional Properties, where, among other things, the production line of production stage 2 and high-end steel wire rope products are located, are currently occupied by Flourish Steel. Certain equipment for production stage 2 and production of high-end steel wire rope products located and installed in the Additional Properties are owned by Flourish Steel. As such, TJ Goldsun and Flourish Steel also entered into the New Property Lease Agree...
Sample 1

Related to THE STEEL WIRE AND STEEL WIRE ROPE EQUIPMENT LEASE AGREEMENT

  • Property Management Agreement The Property Management Agreement is in full force and effect and, to Borrower's Knowledge, there are no defaults thereunder by any party thereto and no event has occurred that, with the passage of time and/or the giving of notice would constitute a default thereunder.

  • Student Agreement It is important that I work to the best of my ability. Therefore, I shall strive to do the following:

  • Lease Agreements 13.1 The Customer shall provide FPL a copy of the lease agreement, as applicable, for any and all leased interconnection equipment. 13.2 The Customer shall not enter into any lease agreement that results in the retail purchase of electricity; or the retail sale of electricity from the Customer-owned renewable generation. Notwithstanding this restriction, in the event it is determined by the Florida Public Service Commission that the Customer has entered such an agreement, the Customer shall be in breach of this Interconnection Agreement and the lessor may become subject to the jurisdiction and regulations of the Florida Public Service Commission as a public utility.

  • Client Agreements Supplier will have a direct contract with, or provide its standard Product or Service terms directly to, Client, which will be enforceable solely between Client and Supplier, for all terms related to Client’s receipt and use of Products and Services (each a “Client Agreement”), other than the payment, risk of loss, and delivery terms that are contracted directly with Accenture.

  • Landlord and Storage Agreements Upon request, provide Agent with copies of all existing agreements, and promptly after execution thereof provide Agent with copies of all future agreements, between an Obligor and any landlord, warehouseman, processor, shipper, bailee or other Person that owns any premises at which any Collateral may be kept or that otherwise may possess or handle any Collateral.

  • Lease Agreement On the terms stated in this Lease, Landlord leases the Premises to Tenant, and Tenant leases the Premises from Landlord, for the Term beginning on the Commencement Date and ending on the Termination Date unless extended or sooner terminated pursuant to this Lease.

  • Rental Agreement All of the Roommates agree to be bound by all of the terms of the Rental Agreement.

  • Interconnection Agreement Seller shall comply with the terms and conditions of the Interconnection Agreement.

  • Agreement with Respect to Leased Data Processing Equipment (a) The Receiver hereby grants to the Assuming Bank an exclusive option for the period of ninety (90) days commencing the day after Bank Closing to accept an assignment from the Receiver of any or all Data Processing Leases to the extent that such Data Processing Leases can be assigned. (b) The Assuming Bank shall (i) give written notice to the Receiver within the option period specified in Section 4.7(a) of its intent to accept or decline an assignment or sublease of any or all Data Processing Leases and promptly accept an assignment or sublease of such Data Processing Leases, and (ii) give written notice to the appropriate lessor(s) that it has accepted an assignment or sublease of any such Data Processing Leases. (c) The Receiver agrees to facilitate the assignment or sublease of Data Processing Leases or the negotiation of new leases or license agreements by the Assuming Bank; provided, that neither the Receiver nor the Corporation shall be obligated to engage in litigation or make payments to the Assuming Bank or to any third party in connection with facilitating any such assumption, assignment, sublease or negotiation. (d) The Assuming Bank agrees, during its period of use of any property subject to a Data Processing Lease, to pay to the Receiver or to appropriate third parties at the direction of the Receiver all operating costs with respect thereto and to comply with all relevant terms of the applicable Data Processing Leases entered into by the Failed Bank, including without limitation the timely payment of all rent, taxes, fees, charges, utilities, insurance and assessments. (e) The Assuming Bank shall, not later than fifty (50) days after giving the notice provided in Section 4.7(b), (i) relinquish and release to the Receiver all property subject to the relevant Data Processing Lease, in the same condition as at Bank Closing, normal wear and tear excepted, or (ii) accept an assignment or a sublease thereof or negotiate a new lease or license agreement under this Section 4.7.

  • Client Agreement We are not required to enter into a written agreement complying with the Code relating to the services that are to be provided to you.

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