Debt to Capital Ratio. The Company will not permit its ratio ("Debt to Capital Ratio") expressed as a percentage of (i) Debt of the Company and its Consolidated Subsidiaries on a consolidated basis ("Consolidated Debt") to (ii) the sum of Consolidated Debt plus Net Worth to exceed 60% at any time; provided that in no event will Consolidated Debt ever exceed $900,000,000."
Appears in 3 contracts
Samples: Credit Agreement (Eex Corp), Credit Agreement (Enserch Exploration Inc /Tx/), Credit Agreement (Enserch Exploration Inc)
Debt to Capital Ratio. The Company will not permit its ratio ("Debt to Capital Ratio") expressed as a percentage of (i) Debt of the Company and its Consolidated Subsidiaries on a consolidated basis ("Consolidated Debt") to (ii) the sum of Consolidated Debt plus Net Worth to exceed 60% at any time; provided that in no event will Consolidated Debt ever exceed $900,000,000750,000,000."
Appears in 3 contracts
Samples: Credit Agreement (Eex Corp), Credit Agreement (Enserch Exploration Inc), Credit Agreement (Enserch Exploration Inc /Tx/)
Debt to Capital Ratio. The Company will not permit its ratio ("Debt to Capital Ratio") expressed as a percentage of (i) Debt of the Company and its Consolidated Subsidiaries on a consolidated basis ("Consolidated Debt") to (ii) the sum of Consolidated Debt plus Net Worth to exceed 60% at any time; provided that in no event will Consolidated Debt ever exceed $900,000,0001,000,000,000."
Appears in 2 contracts
Samples: Credit Agreement (Enserch Exploration Inc /Tx/), Credit Agreement (Eex Corp)
