MTRCL definition
Examples of MTRCL in a sentence
MTRCL was incorporated in Hong Kong on 26th April 2000 under the predecessor Companies Ordinance (Cap.
Competition in Hong Kong from other transport providers may adversely affect MTRCL.
The net proceeds from each issue of Notes by MTRCL and the net proceeds on-lent to it by MTR Cayman under the Programme will be used by MTRCL for general corporate purposes, which may include working capital, refinancing and the repayment of existing debt.
MTRCL may temporarily invest funds which are not needed immediately for these purposes in short-term marketable securities.
The net proceeds from each issue of Notes by MTR Cayman will be applied by it for on-lending to MTRCL.
MTRCL cannot assure investors that economic, political and legal developments in Hong Kong and Mainland China (for example, China-US trade and geopolitical tensions, caution in the world markets, a weaker local economy and public order events in Hong Kong) will not materially and adversely affect the Company’s business and operations.
As at the date of this Offering Circular, MTRCL and MTR Cayman’s debt ratings are (i) (P)Aa3 (for senior unsecured debt) and (P)P-1 (for short-term debt) by ▇▇▇▇▇’▇ Investors Service Hong Kong Limited; and (ii) AA+ (for long term debt) by S&P Global Ratings.
From the outset of the discussions with KCRC and MTRCL, the topic of most concern has been the Microstation working units and global origin settings.
Microstation Version 8 also goes someway to resolving the current global origin problems with the introduction of a limitless design plane (working area size), which means that the default global origin (CSWD global origin) can be used by all, regardless of the working units setting. If KCRC and MTRCL use the default global origin for their new work then they will be compatible with the CSWD.
MTRCL shall not in any circumstances be liable to the Operator or any other person whomsoever in respect of any loss of profits or of business or other pecuniary loss or for any disruption or inconvenience caused to or suffered or sustained by the Operator or any other person as a result of or arising from any such termination.