Common use of Maintenance of Financial Covenants Clause in Contracts

Maintenance of Financial Covenants. (i) Operating Income to Interest Expense. Maintain a ratio of Operating Income to Interest Expense of not less than 2.35 to 1.00 for each period of four consecutive fiscal quarters on each quarter-end ending after December 31, 1997. (ii) Common Equity to Total Capitalization Ratio. Maintain at all times a ratio of Common Equity to Total Capitalization of not less than 0.325 to 1.00.

Maintenance of Financial Covenants. (i) Operating Income to Interest Expense. Maintain a ratio of Operating Income to Interest Expense of not less than 2.35 to 1.00 for each period of four consecutive fiscal quarters on each quarter-end ending after December 31, 19971998. (ii) Common Equity to Total Capitalization Ratio. Maintain at all times a ratio of Common Equity to Total Capitalization of not less than 0.325 to 1.00.