NECL definition
Examples of NECL in a sentence
In 2017, the Company made repayment of the long-term loan in the amount of Baht 3,150 Million, and NECL executed the long-term loan agreement with a financial institution in the amount of Baht 5,700 Million, at the floating interest rate based on the 6-month fixed deposit interest rate, and made a loan drawdown during the year in the amount of Baht 500 Million, and as a result, as at December 31, 2017, the Company and its subsidiary had long-term loans amounting to Baht 16,434 Million.
Upon opening for service, the Company and NECL are entitled to utilize such property and shall have the duty to keep such property maintained throughout the term of the Agreements.
As for management of risk relating to source of funds, the Company will use funds from internal source, i.e., cash flow as a result of debt repayment from NECL in the amount of approximately Baht 6,000 Million, and the remainder will be derived from the external source by way of taking out loans from financial institutions or issuance of debentures.
These Agreements require the Company and NECL to be responsible for expenses relating to toll collection, traffic management and rescue operation on the expressways, including the costs of maintenance of the expressways under the relevant Agreements throughout the term of the Agreements.