Examples of Finance Lease Agreement IV in a sentence
The lease period of the Finance Lease Agreement IV is 36 months, which commenced on November 30, 2023.
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, the Lease Receivables III and the Lease Receivables IV by the lessees under the Finance Lease Agreement I, the Finance Lease Agreement II, the Finance Lease Agreement III and the Finance Lease Agreement IV 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.
Lease Payment and Method of Payment Under each of the Finance Lease Agreement III and the Finance Lease Agreement IV, the total lease payment of RMB82,413,530 and RMB85,316,390, included (i) the finance lease principal of RMB80,000,000 and RMB80,000,000 respectively, and (ii) the finance lease interest income (inclusive of VAT) of RMB2,413,530 (calculated based on the interest rate of 5.0% per annum) and RMB5,316,390 (calculated based on the interest rate of 5.95% per annum) respectively.
Security Deposits The Lessee agreed to pay the security deposits for the Finance Lease Agreement III and the Finance Lease Agreement IV of RMB6,400,000 (bearing nil interests) and RMB4,000,000 (bearing nil interests) respectively.
The lease period of the Finance Lease Agreement IV is 36 months, which shall commence on October 30, 2023.
Reference are made to the announcements of the Company dated November 30, 2023 and February 27, 2024 relation to the Purchase Agreement IV, the Finance Lease Agreement IV, the Purchase Agreement V and the Finance Lease Agreement V.
Guarantee One of the ultimate beneficial owners of the Lessee provides joint and several liabilities guarantee for the debts of the Lessee under the Finance Lease Agreement III and the Finance Lease Agreement IV respectively.
The Lessee shall pay the lease payment to the Lessor at the end of each quarter in installments in accordance with the terms and conditions of the Finance Lease Agreement III and the Finance Lease Agreement IV during the lease period.
The lease period of the Finance Lease Agreement IV is 12 months, which shall commence on July 6, 2023.
Reference is made to the announcement of the Company dated November 30, 2023 in relation to the Purchase Agreement IV and the Finance Lease Agreement IV.