Total Indebtedness to Total Capitalization. The ------------------------------------------- Borrower will not permit the ratio of Total Indebtedness to Total Capitalization at any time during any period set forth below to exceed the ratio set forth opposite such period: Period Ratio ------ ----- Initial Availability Date to and including December 31, 2002 0.67 to 1.0 January 1, 2003 to and including December 31, 2003 0.60 to 1.0 January 1, 2004 and thereafter 0.50 to 1.0
Appears in 1 contract
Total Indebtedness to Total Capitalization. The ------------------------------------------- Borrower will not permit the ratio of Total Indebtedness to Total Capitalization at any time during any period set forth below to exceed the ratio set forth opposite such period: Period Ratio ------ ----- Initial Availability Date to and including December 31, 2002 0.67 to 1.0 January 1, 2003 to and including December 31, 2003 0.60 to 1.0 January 1, 2004 and thereafter 0.50 to 1.0
Appears in 1 contract
Total Indebtedness to Total Capitalization. The ------------------------------------------- Borrower ------------------------------------------ will not permit the ratio of Total Indebtedness to Total Capitalization at any time during any period set forth below to exceed the ratio set forth opposite with respect to such period: ------------------------------------------------------------------ Period Ratio ------ ----- ------------------------------------------------------------------ Initial Availability Date to and 0.67 to 1.0 including December 31, 2002 0.67 to 1.0 ------------------------------------------------------------------ January 1, 2003 to and including 0.60 to 1.0 December 31, 2003 0.60 to 1.0 ------------------------------------------------------------------ January 1, 2004 and thereafter 0.50 to 1.01.0 ------------------------------------------------------------------
Appears in 1 contract
Total Indebtedness to Total Capitalization. The ------------------------------------------- Borrower ------------------------------------------ will not permit the ratio of Total Indebtedness to Total Capitalization at any time during any period set forth below to exceed the ratio set forth opposite with respect to such period: Period Ratio ------ ----- Initial Availability Date to and including December 31, 2002 0.67 to 1.0 January 1, 2003 to and including December 31, 2003 0.60 to 1.0 January 1, 2004 and thereafter 0.50 to 1.0
Appears in 1 contract
