Examples of Chengtong Financial Leasing in a sentence
The Group’s leasing business is mainly carried out through Chengtong Financial Leasing as its principal business.
Legal title Chengtong Financial Leasing owns the legal title of the Leased Assets during the Lease Term.
The interest rate has been agreed after arm’s length negotiations between the parties with reference to the Purchase Price payable by Chengtong Financial Leasing for the purchase of the Leased Assets and the credit risks associated with the Sale and Leaseback Arrangement.
The interest rate has been agreed after arm’s length negotiations between the parties with reference to the Purchase Price payable by Chengtong Financial Leasing for the purchase of the Facilities and the credit risks associated with the Finance Lease Arrangement.
In September 2015, a documentary by a local undercover investigative journalist showed High Court and Circuit Court judges, magistrates and staff of the judicial service, including court clerks, accepting bribes to influence decisions in court.
If the Lessee has fully performed all its obligations under the Finance Lease Agreements, Chengtong Financial Leasing shall return the security money to the Lessee upon the expiry of the Lease Term and the Lessee’s presentation of the receipt of the security money.When the amount payable by the Lessee under the Finance Lease Agreements is less than the balance of the security money, the Finance Lease Agreements may be early terminated upon the Lessee’s application.
The Lessee shall then present the receipt of the security money to Chengtong Financial Leasing upon which the security money shall be used to set off the lease payments and other payables under the Finance Lease Agreements and any remaining balance of the security money shall be returned to the Lessee.
If the Lessee has fully performed all its obligations under the Finance Lease Agreement, Chengtong Financial Leasing shall, within 10 working days, return the security money to the Lessee or use the security money to set off against the lease payment for the last corresponding period.
Lessee’s right to repurchase the Leased Assets Upon the Lessee having paid all the lease payments and other payables (if any) to Chengtong Financial Leasing in accordance with the terms of the Sale and Leaseback Agreements, the Lessee shall have the right to repurchase the Leased Assets at a nominal consideration of RMB1.00.
Legal title Chengtong Financial Leasing owns the legal title of the Facilities during the Lease Term.