Lease back arrangements. Pursuant to the Finance Lease Agreement, TP Leasing agreed to lease the Leased Assets to ZNXY for a term of 10 years. The commencement date(s) of the finance lease period shall be notified by TP Leasing in writing.
Lease back arrangements. Pursuant to the Finance Lease Agreement, XXX Xxxxxxx agreed to lease the Leased Assets to Jinjie New Energy and BTJY respectively for a term of 8 years. The commencement date(s) of the finance lease period shall be notified by XXX Xxxxxxx in writing.
Lease back arrangements. Pursuant to the Finance Lease Agreement, Hebei Financial Leasing agreed to lease the Leased Assets to Datong Xxxxxxx for a term of 10 years.
Lease back arrangements. Pursuant to the Finance Lease Agreement, XXX Xxxxxxx agreed to lease the Leased Assets to BKJC for a term of 8 years. The commencement date(s) of the finance lease period shall be notified by XXX Xxxxxxx in writing.
Lease back arrangements. Pursuant to the Finance Lease Agreement, the JV Company agreed to lease the Machinery and Equipment back to Hongze Hospital for a term of three years commencing from the day the JV Company makes the first payment to Hongze Hospital in accordance with the Sale and Purchase Agreement. Subject matter of the lease back The Machinery and Equipment comprised certain machinery and equipment including semi- conductor laser treatment system, patient monitor, ultrasound diagnosis system, defibrillator, ventilator and ambulance owned by Hongze Hospital. Lease payments Pursuant to the Finance Lease Agreement, the amount of lease rent to be paid by Hongze Hospital to the JV Company was calculated based on the principal lease cost and the lease interest rate. The total principal lease cost under the Finance Lease Agreement was RMB30,000,000.00 (equivalent to approximately HK$36.00 million). The lease rent is calculated at the actual interest rate of 11.03% per annum during the lease term. Based on the aforementioned interest rate, the total lease rent payable by Hongze Hospital under the Finance Lease Agreement will be RMB33,365,664.00 (equivalent to approximately HK$40.00 million). In accordance with the Finance Lease Agreement, the lease rent will be payable by Hongze Hospital every three months in twelve installments. In the event that Hongze Hospital fails to pay any sum payable under the Finance Lease Agreement when due, default interest may be charged for each day of late repayment, if more than one day of late repayment, at the rate of 0.3% per day of any sum payable. Hongze Hospital shall pay a refundable interest-free deposit of RMB1,500,000.00 (equivalent to approximately HK$1.80 million) to the JV Company as a guarantee of its obligation under the Finance Lease Agreement within two workings days after the JV Company makes the first payment in accordance to the Sale and Purchase Agreement. Such deposit shall be used to offset any default of repayment of Hongze Hospital. The lease rent was determined after arm’s length negotiations between the parties to the Finance Lease Agreement by reference to the principal amounts of the lease and the prevailing market interest rate for finance leases of comparable machines and equipment.
Lease back arrangements. Pursuant to the Finance Lease Agreement, CDB Leasing agreed to lease the Leased Assets to AYYG for a term of 12 years. The commencement date(s) of the finance lease period shall be notified by CDB Leasing in writing.
