Debt to Capital. The Borrower shall not permit Consolidated Total Indebtedness on the last day of any calendar quarter, beginning with the first such date to occur after the Closing Date, or if the Closing Date is on the last day of a calendar quarter, beginning on such date, to exceed 70% of Total Capital. For purposes of determining compliance with this Section 7.09, Hybrid Securities up to an aggregate amount of 10% of Total Capital shall be excluded from Consolidated Total Indebtedness and shall be added to Consolidated Net Worth.
Appears in 4 contracts
Samples: Credit Agreement (ONE Gas, Inc.), Credit Agreement (ONE Gas, Inc.), Credit Agreement (Oneok Inc /New/)
