Examples of Lease Period in a sentence
Upon expiry of the Lease Period and subject to full payment of all the rents and other payables and performance of other obligations by the Lessee under the Finance Lease Agreement, the Lessor shall transfer the ownership of the Leased Assets back to the Lessee at a consideration of RMB1.
Unless Tenant or Landlord terminate this Agreement earlier, this Agreement will expire and terminate on its own terms on the last day of the Lease Period.
The aforesaid rent shall be paid by the Lessee to the Lessor during the Lease Period in twelve (12) installments.
Pursuant to the Finance Lease Agreement, the Leased Assets shall be leased back to the Lessee during the Lease Period at the total rent of approximately RMB106,172,344 (equivalent to approximately HK$122,719,196), which comprises of (i) the amount of the lease principal in the sum of RMB100,000,000 (equivalent to approximately HK$115,000,000); and (ii) the lease interest of approximately RMB6,172,344 (equivalent to approximately HK$7,719,196) under the lease interest rate of 4.2750% per annum.
The Board is pleased to announce that on 8 December 2016, the Lessee, as a wholly- owned subsidiary of the Company, and the Lessor entered into the Finance Lease Agreement, pursuant to which the Lessee agreed to sell the Leased Assets to the Lessor at a total consideration of RMB100,000,000 (equivalent to approximately HK$115,000,000) and the Lessor agreed to leaseback the Leased Assets to the Lessee during the Lease Period.