Common use of Maximum Leverage Clause in Contracts

Maximum Leverage. The Borrower shall not permit the ratio of (a) Consolidated Indebtedness to (b) Consolidated Capital, determined as of the last day of each fiscal quarter, to exceed 0.68 to 1.00.

Appears in 8 contracts

Samples: Credit Agreement (Nv Energy, Inc.), Credit Agreement (Nv Energy, Inc.), Credit Agreement (Nv Energy, Inc.)

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Maximum Leverage. The Borrower shall not permit the ratio of (a) Consolidated ---------------- Total Indebtedness to (b) Consolidated Capitalthe sum of Total Indebtedness and Shareholders' Equity, determined as of the last day of each fiscal quarter, to exceed 0.68 0.65 to 1.001.

Appears in 3 contracts

Samples: Credit Agreement (Nevada Power Co), Credit Agreement (Nevada Power Co), Credit Agreement (Sierra Pacific Power Co)

Maximum Leverage. The Borrower shall not permit the ratio of (a) Consolidated Indebtedness to (b) Consolidated Capital, determined as of the last day of each fiscal quarter, to exceed 0.68 to 1.001.

Appears in 2 contracts

Samples: Credit Agreement (Sierra Pacific Resources /Nv/), Credit Agreement (Sierra Pacific Resources /Nv/)

Maximum Leverage. The Borrower shall not permit the ---------------- ratio of (a) Consolidated Total Indebtedness to (b) Consolidated Capitalthe sum of Total Indebtedness and Shareholders' Equity, determined as of the last day of each fiscal quarter, to exceed 0.68 0.65 to 1.001.

Appears in 1 contract

Samples: Credit Agreement (Nevada Power Co)

Maximum Leverage. The Borrower shall not permit the ----------------- ratio of (a) Consolidated Total Indebtedness to (b) Consolidated Capitalthe sum of Total Indebtedness and Shareholders' Equity, determined as of the last day of each fiscal quarter, to exceed 0.68 0.60 to 1.001.

Appears in 1 contract

Samples: Credit Agreement (Nevada Power Co)

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Maximum Leverage. The Borrower shall not permit the ---------------- ratio of (a) Consolidated Total Indebtedness to (b) Consolidated Capitalthe sum of Total Indebtedness and Shareholders' Equity, determined as of the last day of each fiscal quarter, to exceed 0.68 0.60 to 1.001.

Appears in 1 contract

Samples: Credit Agreement (Nevada Power Co)

Maximum Leverage. The Borrower shall not permit the ratio of (a) Consolidated Total Indebtedness to (b) Consolidated Capitalthe sum of Total Indebtedness and Shareholders' Equity, determined as of the last day of each fiscal quarter, to exceed 0.68 0.60 to 1.001.

Appears in 1 contract

Samples: Credit Agreement (Sierra Pacific Resources)

Maximum Leverage. The Borrower shall not permit the ratio of (ai) Consolidated Indebtedness Debt to (bii) Consolidated Total Capital, determined as of the last day of each fiscal quarter, to exceed 0.68 0.75 to 1.001.

Appears in 1 contract

Samples: Credit Agreement (Aquila Inc)

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