Common use of Debt to Capital Ratio Clause in Contracts

Debt to Capital Ratio. The ratio of (a) all Consolidated --------------------- Funded Indebtedness to (b) the sum of Consolidated Funded Indebtedness plus Consolidated Net Worth will never be greater than: (i) prior to December 31, 2002, 0.73 to 1.0 at any time; and (ii) from and after December 31, 2002, 0.65 to 1.0 at any time.

Appears in 2 contracts

Samples: Credit Agreement (Plains All American Pipeline Lp), Credit Agreement (Plains All American Pipeline Lp)

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Debt to Capital Ratio. The ratio of (a) all Consolidated --------------------- Funded Indebtedness to (b) the sum of Consolidated Funded Indebtedness plus Consolidated Net Worth will never be greater than: than (i) prior to December 31, 2002, 0.73 .75 to 1.0 at any time; and time on or before December 31, 1999, (ii) from and .70 to 1.0 at any time after December 31, 20021999 and on or before December 31, 0.65 2000, and (iii) .60 to 1.0 at any timetime after December 31, 2000.

Appears in 1 contract

Samples: Credit Agreement (Plains Resources Inc)

Debt to Capital Ratio. The ratio of (a) all Consolidated --------------------- Funded Indebtedness to (b) the sum of Consolidated Funded Indebtedness plus Consolidated Net Worth will never be greater than: (i) prior to December 31, 2002, 0.73 0.70 to 1.0 at any time; and (ii) from and after December 31, 2002, 0.65 to 1.0 at any time.

Appears in 1 contract

Samples: Credit Agreement (Plains All American Pipeline Lp)

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Debt to Capital Ratio. The ratio of (a) all Consolidated --------------------- Funded Indebtedness to (b) the sum of Consolidated Funded Indebtedness plus Consolidated Net Worth will never be greater than: (i) prior to December 31, 2002, 0.73 0.70 to 1.0 at any time; and (ii) from and after December 31, 2002, 0.65 to 1.0 at any time."

Appears in 1 contract

Samples: Credit Agreement (Plains All American Pipeline Lp)

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