Examples of Finance Lease Agreement I in a sentence
If any lessees to the Finance Lease Agreement I, the Finance Lease Agreement II and the Finance Lease Agreement III fails to fully settle any undue amount from the Lease Receivables I (i.e. RMB30,052,627), the Lease Receivables II (i.e. RMB12,781,738) and the Lease Receivables III (i.e. RMB14,791,739) within the agreed time limit, the Factoring Bank has recourse for a claim against the Company in respect of the outstanding payment.
The amount of the factoring facilities interest is the same as the amount of interest payable under the Lease Receivables I, the Lease Receivables II and the Lease Receivables III by the lessees under the Finance Lease Agreement I, the Finance Lease Agreement II and the Finance Lease Agreement III will be paid by the Company to the Factoring Bank upon receipt of the rent paid by the lessees on each rent payment date.