LONG-TERM LOANS FROM FINANCIAL INSTITUTIONS Sample Clauses

LONG-TERM LOANS FROM FINANCIAL INSTITUTIONS. Consisted of: Baht Consolidated financial statements Separate financial statements As at March 31, 2021 As at December 31, 2020 As at March 31, 2021 As at December 31, 2020 Long-term loans 4,857,675,511 4,556,465,513 2,030,583,800 2,039,175,230 Net 3,717,635,501 3,491,305,507 1,463,148,080 1,475,829,510 Changes in the long-term loans from the financial institutions for the three-month period ended March 31, 2021 was as follows : Consolidated financial statements Baht Separate financial statements Balance, beginning of the period 4,556,465,513 2,039,175,230 Addition loan during the period 635,000,000 200,000,000 Repayment of loan during the period (333,790,002) (208,591,430) Balance, end of the period 4,857,675,511 2,030,583,800 As at March 31, 2021 and December 31, 2020, the Company and its subsidiaries had long-term loan facilities from local commercial banks in the amount of Baht 8,349 million and Baht 7,475 million (the Separate amount of Baht 3,645 million and Baht 2,915 million), respectively, consist of: In 2021, the subsidiary entered into a long-term loan agreement with a local commercial bank as follows: For the Company On March 22, 2021 the Company entered into a loan agreement with a local commercial bank in the credit facility amount of Baht 550 million which has been withdrawn amounting to Baht 200 million. The loan has a term of repayment within 60 months. The principal will be repaid by monthly basis at Baht 9.70 million after withdrawal the third installment of loan. The interest at the rate of short-term USD Fixed 1.712% per annum. The Company has entered into hedging agreement from interest rate with such bank at the fixed interest rate of 2.45% per annum. On February 19, 2021, The subsidiary company entered into a loan agreement in Baht currency with a local commercial bank in the credit facility amount of Baht 300.00 million which has been withdrawn amounting to Baht 300.00 million. The loan has a term of repayment within 60 months. The principal will be repaid by monthly basis at Baht 5 million, bear interest at the rate of 3 month fixed deposit plus 2.75% per annum. On March 3, 2021, The subsidiary company entered into the loan agreement in Baht currency with a local commercial bank from Soft Loan Scheme of Bank of Thailand to help customers affected by the pandemic of COVID-19 in the credit facility amount of Baht 20 million, which has been withdrawn amounting to Baht 20 million. The loan has a term of repayment within 24 months, the...
Sample 1
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LONG-TERM LOANS FROM FINANCIAL INSTITUTIONS. Consisted of: Baht Consolidated financial statements Separate financial statements As at June 30, 2022 As at December 31, 20201 As at June 30, 2022 As at December 31, 2021 Long-term loans 4,469,315,504 4,896,605,507 1,808,866,650 1,981,629,510 Net 3,139,035,498 3,551,525,502 1,095,340,930 1,262,103,790 Changes in the long-term loans from the financial institutions for the six-month period ended June 30, 2022 was as follows : Baht Consolidated financial statements Separate financial statements Balance, beginning of the period 4,896,605,507 1,981,629,510 Addition loan during the period 229,450,000 200,000,000 Repayment of loan during the period (656,740,003) (372,762,860) Balance, end of the period 4,469,315,504 1,808,866,650 As at June 30, 2022 and December 31, 2021, the Company and its subsidiaries had long-term loan facilities from local financial institutions amounted to Baht 8,509 million and Baht 8,809 million (the Separate amount of Baht 3,565 million and Baht 3,565 million), respectively. These long-term loans from the financial institutions were secured by the mortgage of the Company’s and its subsidiaries’ land with construction, plant and medical equipment and investment property and pledged the share certificates of subsidiaries and related companies as described in Note 10 12 13 and 14 to the interim financial statements. Under the conditions of the long-term loan agreement, the Company has to comply with the conditions and restrictions as specified in the agreements.
Sample 1
LONG-TERM LOANS FROM FINANCIAL INSTITUTIONS. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at September 30, 2021 As at December 31, 2020 As at September 30, 2021 As at December 31, 2020 Current Current portion 537,691 592,029 413,163 335,041 Non-current Long-term loans from financial institutions 218,186 587,191 - 383,005 Total 755,877 1,179,220 413,163 718,046 Movements of long-term loans from financial institutions during the nine-month period ended September 30, 2021 and for the years ended December 31, 2020, were as follows : In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at September 30, 2021 (For the nine-month) As at December 31, 2020 (For the year) As at September 30, 2021 (For the nine-month) As at December 31, 2020 (For the year) Beginning balance 1,179,220 2,230,351 718,046 1,412,976 Increase 90,762 1,432,802 26,243 975,764 Decrease (514,105) (2,483,933) (331,126) (1,670,694) Ending balance 755,877 1,179,220 413,163 718,046 Long-term loans from financial institutions of the Group carry interest at the rate of MLR minus fixed number per annum. The loan agreements also stipulated that loan repayments are to be made proportionately when properties are sold and transferred the right to customers and full payment is to be made within 2024. The loan agreements contain covenants pertaining to matters including the maintenance of certain financial ratios, such as debt-to-equity. Long-term loans from financial institutions are secured by the mortgage of land in each project. Some loans from financial institutions are also guaranteed by the subsidiaries.
Sample 1
LONG-TERM LOANS FROM FINANCIAL INSTITUTIONS. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at December 31, 2019 As at December 31, 2018 As at December 31, 2019 As at December 31, 2018 Current Current portion 1,058,557 1,564,231 765,993 1,224,237 Non-current Long-term loans from financial institutions 1,171,794 878,191 646,983 409,602 Total 2,230,351 2,442,422 1,412,976 1,633,839 Movements of long-term loans from financial institutions during for the years ended December 31, 2019 and 2018 were as follows : Consolidated Financial Statements Separate Financial Statements As at December As at December As at December As at December Beginning balance 2,442,422 1,643,200 1,633,839 1,464,648 Increase 1,291,444 3,040,741 803,438 2,112,927 Decrease (1,503,515) (2,241,519) (1,024,301) (1,943,736) Ending balance 2,230,351 2,442,422 1,412,976 1,633,839 Long-term loans agreement details as at December 31, 2019 and 2018 were as follows: Agreements 2019 2018 Repayment The Company Group 1 932 777 Payments of principal are to be made at a percentage of the value of property transferred to customers. The full payment is to be made within 2021. Group 2 367 621 Payments of principal are to be made at a percentage of the value of property transferred to customers. The full payment is to be made within 2022. Group 3 26 117 Payments of principal are to be made at a percentage of the value of property transferred to customers. The full payment is to be made within 2022. Group 4 88 119 Payments of principal are to be made at a percentage of the value of property transferred to customers. The full payment is to be made within 2021.
Sample 1
LONG-TERM LOANS FROM FINANCIAL INSTITUTIONS. Changes in the long-term loans from financial institutions account for the three-month period ended March 31, 2021 are summarized below. Balance as at beginning of period 273,467 Repayment (36,000) Balance as at end of period 237,467 Long-term loans from financial institutions - net 115,467 Loans from financial institutions had conditions the principal and interest payment of three credit lines to the Company as follows: - The principal repayment schedule is readjusted as follows: Million Baht March 2021 - September 2021 (per period) 36.00 December 2021 24.00 March 2022 - September 2022 (per period) 35.60 Final period December 2022 Repay the remaining amount of principal - For the interest, extend and adjust the monthly interest payment as follows: Part 1 Interest payment from April 2020 to September 2020 in the amount of Baht 2,742,165 has to be paid with conditions follows: percent per annum. The long-term loan agreements require that the Company maintain a debt-to-equity ratio of not more than 2.25 times. However, in December 2020, the Company had been granted a waiver regarding maintenance of a debt-to-equity ratio for the 2020 financial statements at a rate higher than that prescribed in the loan agreement with some conditions for 2021.
Sample 1
LONG-TERM LOANS FROM FINANCIAL INSTITUTIONS. This account consisted of :- Baht Consolidated financial statements Separate financial statements As at June 30, 2019 As at December 31, 2018 As at June 30, 2019 As at December 31, 2018 Beginning balance 895,969,305 981,479,607 621,969,876 773,199,607 Increase 150,000,000 120,000,000 150,000,000 - Decrease (102,047,305) (205,510,302) (72,049,876) (151,229,731) Ending balance 943,922,000 895,969,305 699,920,000 621,969,876 Net 725,917,143 709,874,572 541,910,000 495,870,000 On March 11, 2019, the Company entered into a loan agreement from a local commercial bank in the credit line Baht 150 million to use as working capital in the business. The Company has fully drawn down the loan on March 19, 2019 with the condition to repay the principal with interest monthly at 2.75 percent per year at Baht 3.125 million per month starting the first installment from the following month from the first month of the loan draw down and the repayment period is within 4 years.
Sample 1

Related to LONG-TERM LOANS FROM FINANCIAL INSTITUTIONS

  • Affected Financial Institutions No Loan Party is an Affected Financial Institution.

  • EEA Financial Institutions No Loan Party is an EEA Financial Institution.

  • Financial Institutions Notwithstanding this Article 3, any party may provide Confidential Information to any financial institution in connection with borrowings from such financial institution by such party or any of its Controlled Related Parties, so long as prior to any such disclosure such financial institution executes a confidentiality agreement that provides protection substantially equivalent to the protection provided the parties in this Article 3.

  • FINANCIAL INSTITUTION’S LIABILITY Liability for failure to make transfers. If we do not complete a transfer to or from your account on time or in the correct amount according to our agreement with you, we will be liable for your losses or damages. However, there are some exceptions. We will not be liable, for instance:

  • Affected Financial Institution No Loan Party is an Affected Financial Institution.

  • EEA Financial Institution No Loan Party is an EEA Financial Institution.

  • Reliance by Financial Institution The Financial Institution is not obligated to investigate or inquire whether the Secured Party may deliver a Secured Party Order. The Financial Institution may rely on communications (including Secured Party Orders) believed by it in good faith to be genuine and given by the proper party.

  • Acknowledgement and Consent to Bail-In of EEAAffected Financial Institutions Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any EEAAffected Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the write-down and conversion powers of an EEAthe applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by: (a) the application of any Write-Down and Conversion Powers by an EEAthe applicable Resolution Authority to any such liabilities arising hereunder which may be payable to it by any party hereto that is an EEAAffected Financial Institution; and (b) the effects of any Bail-in Action on any such liability, including, if applicable: (i) a reduction in full or in part or cancellation of any such liability; (ii) a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such EEAAffected Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement or any other Loan Document; or (iii) the variation of the terms of such liability in connection with the exercise of the write-down and conversion powers of any EEAthe applicable Resolution Authority.

  • Acknowledgement and Consent to Bail-In of Affected Financial Institutions Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any Affected Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the Write-Down and Conversion Powers of the applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by: (a) the application of any Write-Down and Conversion Powers by the applicable Resolution Authority to any such liabilities arising hereunder which may be payable to it by any party hereto that is an Affected Financial Institution; and (b) the effects of any Bail-In Action on any such liability, including, if applicable: (i) a reduction in full or in part or cancellation of any such liability; (ii) a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such Affected Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement or any other Loan Document; or (iii) the variation of the terms of such liability in connection with the exercise of the Write-Down and Conversion Powers of the applicable Resolution Authority.

  • Location of Financial Institution Regardless of any provision in any other agreement, for purposes of the UCC, New York will be the location of the bank for purposes of Sections 9-301, 9-304 and 9-305 of the UCC and the securities intermediary for purposes of Sections 9-301 and 9-305 and Section 8-110 of the UCC.

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