Examples of Lease Period in a sentence
Ownership of the Equipment During the Lease Period, the ownership of the Equipment shall vest in Yaoda Leasing.Subject to Guangdong Chigo having duly and fully performed all its obligations under the Finance Lease Contract, Yaoda Leasing shall transfer the ownership of the Equipment to Guangdong Chigo at an agreed nominal consideration of RMB1,000 (the “Nominal Buy-back Consideration”) upon the expiry of the Lease Period.
Repurchase Option (December 2023): Upon expiry of the Lease Period (December 2023), subject to Guizhou Puxin and Guizhou Yongfu having paid all the amounts and payables (if any) due under the Finance Lease Agreement (December 2023), Guizhou Puxin and Guizhou Yongfu shall be entitled to exercise the Repurchase Option (December 2023) to repurchase the Relevant Coal Machinery and Equipment (December 2023) from CCTEG at the nominal price of CNY100 (equivalent to approximately HK$110).
During the Lease Period, we will pay for replacement tyres and tubes (in the same or comparable specification and quality as originally fitted to the Vehicle) for the Vehicle (up to the number specified in the Lease Offer for the Vehicle) which have been determined by the Authorised Service Centre to be reasonably necessary.You may also ask us to reimburse you for any additional tyre or tube – see clause 3.11 of this Lease.
If these assumptions prove to have been incorrect or change (for example, because you make a payment late or if you have to pay another amount under this Lease, like default interest) we can change these amounts without your consent to reflect this so that you pay everything you owe us during the Lease Period.
Ownership of the Relevant Coal Machinery and Equipment(December 2023): During the Lease Period (December 2023), CCTEG will have legal ownership of the Relevant Coal Machinery and Equipment (December 2023).