Examples of Chengtong Financial Leasing in a sentence
Guarantee The Guarantor has provided a guarantee in favour of Chengtong Financial Leasing as security for all amounts payable by the Lessee under the Sale and Leaseback Agreements including but not limited to liquidated damages, outstanding and prospective lease payments and other payables.
Purchase Price The Purchase Price of the Leased Assets was agreed between Chengtong Financial Leasing and the Lessee with reference to the net book value of the Leased Assets of approximately RMB267.18 million (equivalent to approximately HK$285.88 million).
The entering into of the Sale and Leaseback Arrangement is in the ordinary and usual course of business of Chengtong Financial Leasing and it is expected that Chengtong Financial Leasing will earn an income of approximately RMB10.93 million (equivalent to approximately HK$11.70 million), being the difference between the estimated amount of lease payment under the Sale and Leaseback Arrangement and the Purchase Price.
The total amount of lease payment represents the sum of the lease principal amount (being the amount of Purchase Price to be paid by Chengtong Financial Leasing) and the lease interest which is estimated to be approximately RMB10.93 million (equivalent to approximately HK$11.70 million).
If any of the conditions under the Sale and Leaseback Agreements is not satisfied on or before 19 May 2025, Chengtong Financial Leasing shall have the right to unilaterally terminate the Sale and Leaseback Agreements.
The Group’s leasing business is mainly carried out through Chengtong Financial Leasing as its principal business.
Lease payment The total amount of lease payment over the Lease Term is estimated to be approximately RMB210.93 million (equivalent to approximately HK$225.70 million) which shall be paid by the Lessee to Chengtong Financial Leasing in six (6) semi-annual installments during the Lease Term.
Legal title Chengtong Financial Leasing owns the legal title of the Leased Assets during the Lease Term.
Xxxxxx’s right to repurchase the Leased Assets Upon the Lessee having paid all the lease payments and other payables (if any) to Chengtong Financial Leasing in accordance with the terms of the Sale and Leaseback Agreements, the Lessee shall have the right to repurchase the Leased Assets under the Sale and Leaseback Agreements at a nominal consideration of RMB1.00 in total.