Limitation on Debt. Permit the total principal amount of all Debt of the Borrower and its subsidiaries, determined on a consolidated basis and without duplication of liability therefor, at any time to exceed 65% of Capitalization determined as of the last day of the most recently ended fiscal quarter of the Borrower; provided, however, that for purposes of this Section 5.02
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Samples: Credit Agreement (System Energy Resources Inc), Credit Agreement (Entergy Corp /De/), Credit Agreement (Entergy Arkansas Inc)
Limitation on Debt. Permit the total principal amount of all Debt of the Borrower and its subsidiariesSubsidiaries, determined on a consolidated basis and without duplication of liability therefor, at any time to exceed 65% of Capitalization determined as of the last day of the most recently ended fiscal quarter of the Borrower; provided, however, that for purposes of this Section 5.025.02(b) (i) “Debt” and “Capitalization” shall not include (A) Hybrid Securities, (B) any Debt of any Subsidiary of the Borrower that is Non-Recourse
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Limitation on Debt. Permit the total principal amount of all Debt of the Borrower and its subsidiariesSubsidiaries, determined on a consolidated basis and without duplication of liability therefor, at any time to exceed 65% of Capitalization determined as of the last day of the most recently ended fiscal quarter of the Borrower; provided, however, that for purposes of this Section 5.02this
Appears in 1 contract
Limitation on Debt. Permit the total principal amount of all Debt of the Borrower and its subsidiariesSubsidiaries, determined on a consolidated basis and without duplication of liability therefor, at any time to exceed 65% of Capitalization determined as of the last day of the most recently ended fiscal quarter of the Borrower; provided, however, that for purposes of this Section 5.025.02(b), (i) “Debt” and “Capitalization” shall not include (A) Hybrid Securities, (B) any Debt of any Subsidiary of the Borrower that is Non-Recourse Debt and (C) Eligible
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Limitation on Debt. Permit the total principal amount of all Debt of the Borrower and its subsidiariesSubsidiaries, determined on a consolidated basis and without duplication of liability therefor, at any time to exceed 65% of Capitalization determined as of the last day of the most recently ended fiscal quarter of the Borrower; provided, however, that for purposes of this Section 5.025.02(b), (i) “Debt” and “Capitalization” shall not include (A) Hybrid Securities, (B) any
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