Debt Limit. Notwithstanding Section 9(a), Alcoa and Alumina agree that the Enterprise Companies will maintain a limit of Debt (net of cash) in the aggregate equalling 30% of total capital where total capital is defined as the sum of Debt (net of cash) plus any minority interest plus shareholder equity.
Appears in 7 contracts
Samples: Amended and Restated Charter, Charter Agreement (Alcoa Upstream Corp), Charter Agreement (Alcoa Inc.)
