Examples of Finance Lease Agreement I in a sentence
The lease period of the Finance Lease Agreement I is 24 months, which commenced on September 28, 2021.
On 11 April 2017, the Lessee and the Lessor entered into the Finance Lease Agreement (I).
Under each of the Finance Lease Agreement I and the Finance Lease Agreement II, the respective total lease payment of RMB5,392,032 and RMB56,590,530, included (i) the finance lease principal of RMB5,000,000 and RMB49,000,000 respectively, and (ii) the finance lease interest income (inclusive of VAT) of RMB392,032 (calculated based on the interest rate of 6.8% per annum) and RMB7,590,530 (calculated based on the interest rate of 5.6% per annum) respectively.
As Harbin Electric Finance Lease Company was incorporated on 23 December 2019, under Rule 14A.09 of the Listing Rules, Harbin Electric Finance Lease Company is the insignificant subsidiary of the Company, and therefore, Finance Lease Agreement I and Finance Lease Agreement II are exempt from the disclosure requirements of the listing rules at the time of the entry in 2020.
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 and will be paid by the Company to the Factoring Bank upon receipt of the rent paid by the lessees on each rent payment date.