7Indebtedness. Permit the incurrence of any Indebtedness unless (a) immediately after giving effect to any such Indebtedness, the ratio of Consolidated Debt to Consolidated Capitalization shall not exceed 0.60 to 1.00, and (b) at the time of such incurrence, no Default or Event of Default then exists or would arise therefrom.
Appears in 2 contracts
Sources: Credit Agreement (Essential Utilities, Inc.), Credit Agreement (Essential Utilities, Inc.)