Examples of Finance Lease Agreement in a sentence
If You have a Contract Hire Agreement or a Finance Lease Agreement, in the event of the Total Loss of Your Vehicle occurring within the Territorial Limits during the Period of Insurance, the Insurer agrees to pay the Finance Company on Your behalf, the amount by which the Early Settlement Balance exceeds the Motor Insurance Settlement.
The principal terms of the Finance Lease Agreement are set out below.
The Directors are of the opinion that the Group will be able to supplement its working capital through the Finance Lease Agreement, the terms and conditions of which are on normal commercial terms, fair and reasonable and in the interests of the Company and its shareholders as a whole.
Having considered the above, the Directors (including the independent non-executive Directors) are of the view that the transactions contemplated under the Finance Lease Agreement are entered into on normal commercial terms, and the terms set out in the Finance Lease Agreement are fair and reasonable and in the interests of the Company and its shareholders as a whole.
The terms of the Finance Lease Agreement are determined after arm’s length negotiations with reference to the average fair market price of the similar assets and the prevailing market interest rates and trading terms of the similar assets finance lease agreements.