FINANCE LEASE AGREEMENT Date Sample Clauses

FINANCE LEASE AGREEMENT Date. 9 January 2012 Parties Lessor : AVIC Finance Leasing is principally engaged in, among other things finance leasing and related business, including leasing of aircrafts, engines, aircraft equipment and land equipment, repair and maintenance of leased assets and related consultancy services. AVIC International Leasing is owned as to 52.5%, 16.27% and 31.23% by AVIC Investment, AVIC International and other third parties respectively. AVIC Investment is wholly-owned by Aviation Industry. Aviation Industry owns as to 62.52% in AVIC International, which in turn owns 100% of Shenzhen Company, which is the controlling Shareholder. Lessee : Yunnan Hongfu, an indirect non-wholly owned subsidiary of the Company. On 9 January 2012, Yunnan Hongfu, an indirect non-wholly owned subsidiary of the Company, entered into, among other things, the Finance Lease Agreement with AVIC International Leasing, pursuant to which Yunnan Hongfu has conditionally agreed to lease from AVIC International Leasing the Lease Assets, which were purchased by Yunnan Hongfu under the Purchase Agreements and to be transferred to AVIC International Leasing at a consideration of RMB44 million under the Transfer Agreement. Pursuant to the Finance Lease Agreement, the total lease amount payable by Yunnan Hongfu is RMB53,927,145 (equivalent to approximately HK$66,233,290) which shall be paid by 60 monthly installments inclusive of interest determined based on the RMB Benchmark Lending Rate for 3-5 year term-loan promulgated by PBC plus 1.3%, but exclusive of management fees. However, the total lease amount will be adjusted due to the floating lending interest rate to be promulgated by PBC from time to time. The Lease Consideration (including the principal amount of RMB44 million, interests, management fees and the optional purchase price for vesting the title and all rights of the Lease Assets in Yunnan Hongfu) to be paid by Yunnan Hongfu to AVIC International Leasing shall be not more than RMB80 million (equivalent to approximately HK$98,255,960). The Lease Assets were purchased by Yunnan Hongfu at its sole discretion from various suppliers at its own choice for an aggregate consideration in the amount of RMB51,496,289.26 under the Purchase Agreements. The suppliers of the Lease Assets are Independent Third Parties. Lease Assets The Lease Assets comprise phosphate production equipment of 100,000 tons/annum production capacity and other ancillary facilities.
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FINANCE LEASE AGREEMENT Date. 20 April 2021 Parties:
Sample 1

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