Common use of Total Debt to Total Capitalization Clause in Contracts

Total Debt to Total Capitalization. Permit the ratio of (i) Total Debt outstanding on any of the dates set forth below to (ii) Total Capitalization on such date to exceed the ratio set forth opposite such date: ========================= =========================== Date Ratio ========================= =========================== 12/31/96 .50 to 1 ========================= =========================== 3/31/97 .55 to 1 ========================= =========================== 6/30/97 .55 to 1 ========================= =========================== 9/30/97 .57 to 1 ========================= =========================== 12/31/97 .57 to 1 ========================= =========================== 3/31/98 .60 to 1 ========================= =========================== 6/30/98 .61 to 1 ========================= =========================== 9/30/98 .61 to 1 ========================= =========================== 12/31/98 .61 to 1 ========================= =========================== 3/31/99 .62 to 1 ========================= =========================== 6/30/99 .64 to 1 ========================= =========================== 9/30/99 .66 to 1 ========================= =========================== 12/31/99 .68 to 1 ========================= =========================== 3/31/00 .69 to 1 ========================= =========================== 6/30/00 .69 to 1 ========================= =========================== 9/30/00 .70 to 1 ========================= =========================== 12/31/00 .70 to 1 ========================= =========================== 3/31/01 .70 to 1 ========================= =========================== 6/30/01 .70 to 1 ========================= =========================== 9/30/01 .70 to 1 ========================= =========================== 12/31/01 .70 to 1 ========================= ===========================