Lease Arrangements definition
Examples of Lease Arrangements in a sentence
LEASE AGREEMENT In the event that the Order specifies Goods and/or Services to be the subject of Lease Arrangements and if the Supplier accepts such an Order pursuant to Paragraph 8.2 above, the Parties shall enter into a Lease Agreement on the Lease Agreement Terms the provision of Goods and/or Services referred to in that Order.
CALL-OFF AGREEMENT In the event that Customer or Authority submits an Order for Goods and/or Services that are not to be the subject of Lease Arrangements and if the Supplier accepts such an Order pursuant to Paragraph 8.2 above, the Parties shall enter into a Call-Off Agreement on the Call-Off Terms for the provision of Goods and/or Services referred to in that Order.
As the interest rate of the Finance Lease Arrangements is lower than Group’s average cost of borrowing, the reduction of finance cost will be beneficial to the Group and the Shareholders as a whole.
The EGM will be convened and held for the Shareholders to consider and, if thought fit, to approve the Finance Lease Arrangements.
Certain Lease Arrangements.........................................
The Lease Arrangements include customary rights upon a default by landlord or tenant.
The transactions contemplated under the Finance Lease Arrangement and the 2017 Finance Lease Arrangements are aggregated as required under Rule 14.22 of the Listing Rules.
The Directors therefore consider that the terms of the Finance Lease Arrangements and the transactions contemplated thereunder are fair and reasonable and in the interests of the Company and the Shareholders as a whole.
The transactions contemplated under the Aggregated Finance Lease Arrangements and the Consultancy Agreement are aggregated on the basis that they are all in relation to the provision of service by the Group to companies controlled by the First Guarantor and shall be aggregated pursuant to Rule 14.22 of the Listing Rules.
When aggregated, as the highest applicable percentage ratios (as defined under the Listing Rules) in respect of the transactions contemplated under the Finance Lease Arrangement and the 2017 Finance Lease Arrangements exceed 25% but are less than 100%, the contemplated transactions constitute a major transaction for the Company under Chapter 14 of the Listing Rules.