Finance Lease Contract definition
Examples of Finance Lease Contract in a sentence
Since the applicable percentage ratio(s) (as defined under the Listing Rules) exceeds 5% but less than 25%, the transaction contemplated under the Finance Lease Contract constitutes a discloseable transaction of the Company, which shall be subject to the reporting and announcement requirements under the Chapter 14 of the Listing Rules but is exempted from the Shareholders’ approval requirement thereunder.
The transactions under the Finance Lease Contract will not give rise to any disposal gain or loss to be recorded by the Company.
The Directors are of the view that the terms of the Finance Lease Contract are fair and reasonable and in the interests of the Company and the Shareholders of the Company as a whole.
The Transfer Target comprises the ownership of Leased Assets, creditor’s rights of the rent receivables and all the security interests under the Finance Lease Contract.
On the last day of the term of lease under each Finance Lease Contract, Qianyuan Technology may exercise its right to purchase, renew or surrender the leased items by giving written notice in advance to Haitong UniTrust Financial Leasing of its option at the end of the lease period, provided that Qianyuan Technology has not violated the relevant Finance Lease Contract or such violation has been fully indemnified.
Appendix № 2 To Finance Lease Contract № By signing the present Take-over Certificate the Parties hereby declare that as on .
The Transfer Target comprises the ownership of Leased Assets and creditor’s rights of the rent receivables under the Finance Lease Contract.
After the fulfillment of all the obligations under the Finance Lease Contract by Lixianjiang Hydropower Company and upon the expiry of the lease term under the Finance Lease Contract, Lixianjiang Hydropower Company shall, within 10 working days, pay Datang Lease Company a nominal price of RMB1.00 for the purchase of the Lease Assets.
The Finance Lease Contract and the transaction thereunder constitute a connected transaction of the Company.
Once the leased items are delivered pursuant to each Finance Lease Contract, their risks shall be borne by Qianyuan Technology as all the costs arising from the damage or loss of the leased items shall be solely undertaken by Qianyuan Technology regardless of whether Qianyuan Technology is in possession of the leased items.