Collateral Coverage. At all times the Borrowers will maintain a Collateral Coverage Ratio of at least 1.5 to 1.0. Failure to maintain a Collateral Coverage Ratio of at least 1.5 to 1.0 shall not be considered a Default or an Event of Default provided the Borrowers comply with Section 4.10(c) on a timely basis.
Appears in 3 contracts
Samples: Credit Agreement (El Paso CGP Co), Credit Agreement (El Paso Corp/De), Credit Agreement (El Paso Production Holding Co)
Collateral Coverage. At all times the Borrowers Borrower will maintain a Collateral Coverage Ratio of at least 1.5 to 1.0. Failure to maintain a Collateral Coverage Ratio of at least 1.5 to 1.0 shall not be considered a Default or an Event of Default provided the Borrowers comply Borrower complies with Section 4.10(c) on a timely basis.
Appears in 2 contracts
Samples: Credit Agreement (El Paso Production Holding Co), Credit Agreement (El Paso Production Holding Co)
