Financial Covenant. So long as any Advance shall remain unpaid, any Letter of Credit shall remain outstanding or any Lender shall have any Commitment hereunder, the Borrower will maintain a ratio of (a) Consolidated Indebtedness to (b) the sum of Consolidated Indebtedness plus Consolidated Net Worth of not greater than 0.65 to 1.0.
Appears in 17 contracts
Samples: Five Year Credit Agreement (Arizona Public Service Co), Credit Agreement (Arizona Public Service Co), Five Year Credit Agreement (Arizona Public Service Co)
Financial Covenant. So long as any Advance shall remain unpaid, any Letter of Credit shall remain outstanding outstanding, any other amount shall remain unpaid hereunder or under any Note or any Lender shall have any Commitment hereunder, the Borrower will maintain a ratio of (a) Consolidated Indebtedness Debt to (b) the sum of Consolidated Indebtedness plus Consolidated Net Worth Total Capital of not greater than 0.65 to 1.00.65:1.00.
Appears in 3 contracts
Samples: Credit Agreement, Credit Agreement (Ugi Utilities Inc), Credit Agreement (Ugi Utilities Inc)
Financial Covenant. So long as any Advance shall remain unpaid, any Letter of Credit shall remain outstanding or any Lender shall have any Commitment hereunder, the Borrower will maintain a ratio of (a) Consolidated Indebtedness to (b) the sum of Consolidated Indebtedness plus Consolidated Net Worth of not greater than 0.65 to 1.01.
Appears in 3 contracts
Samples: Credit Agreement (Pinnacle West Capital Corp), Credit Agreement (Pinnacle West Capital Corp), Credit Agreement (Pinnacle West Capital Corp)
Financial Covenant. So long as any Advance shall remain unpaid, any Letter of Credit shall remain outstanding unpaid or any Lender shall have any Commitment hereunder, the Borrower will maintain a ratio of (a) Consolidated Indebtedness Debt to (b) the sum of Consolidated Indebtedness Debt plus Consolidated Net Worth shareholders' equity of not greater than 0.65 to 1.00.60:1.00.
Appears in 3 contracts
Samples: Credit Agreement (Snap on Inc), 364 Day Credit Agreement (Snap on Inc), 364 Day Credit Agreement (Snap on Inc)
Financial Covenant. So long as any Advance shall remain unpaid, any Letter of Credit shall remain outstanding outstanding, any other amount shall remain unpaid hereunder or under any Note or any Lender shall have any Commitment hereunder, the Borrower will maintain a ratio of (a) Consolidated Indebtedness Debt to (b) the sum of Consolidated Indebtedness plus Consolidated Net Worth Total Capital of not greater than 0.65 to 1.00.65:1.00 as of the end of any fiscal quarter.
Appears in 2 contracts
Samples: Credit Agreement (Ugi Corp /Pa/), Credit Agreement (Ugi Utilities Inc)
Financial Covenant. So long as any Advance shall remain unpaid, any Letter of Credit shall remain outstanding unpaid or any Lender shall have any Commitment hereunder, the Borrower will maintain a ratio of (a) Consolidated Indebtedness Debt to (b) the sum of Consolidated Indebtedness Debt plus Consolidated Net Worth shareholders’ equity of not greater than 0.65 to 1.00.60:1.00.
Appears in 2 contracts
Samples: Bridge Credit Agreement (Snap on Inc), Credit Agreement (Snap on Inc)
Financial Covenant. So long as any Advance shall remain unpaid, any Letter of Credit shall remain outstanding unpaid or any Lender shall have any Commitment hereunder, the Borrower will maintain a ratio of (a) Consolidated Indebtedness to (b) the sum of Consolidated Indebtedness plus Consolidated Net Worth of not greater than 0.65 to 1.01.
Appears in 2 contracts
Samples: Credit Agreement (Pinnacle West Capital Corp), Five Year Credit Agreement (Pinnacle West Capital Corp)
Financial Covenant. So long as any Advance shall remain unpaid, any Letter of Credit shall remain outstanding or any Lender shall have any Commitment hereunder, the Borrower will maintain a ratio of (a) Consolidated Indebtedness to (b) the sum of Consolidated Indebtedness plus Consolidated Net Worth of not greater than 0.65 to 1.0.. ARTICLE XIII
Appears in 1 contract
