Debt Capitalization. The ratio of (i) Consolidated Indebtedness of the Company to (ii) Consolidated Capitalization of the Company is greater than 0.65 to 1.0 (a) as of the last day of any fiscal quarter of the Company or (b) at any time if any first mortgage bonds issued under Specified Prior Supplements remain outstanding.
Appears in 16 contracts
Sources: Twenty Sixth Supplemental Indenture (Public Service Co of New Mexico), Bond Purchase Agreement (Texas New Mexico Power Co), Twenty Fourth Supplemental Indenture (Texas New Mexico Power Co)
Debt Capitalization. The ratio of (i) Consolidated Indebtedness of the Company to (ii) Consolidated Capitalization of the Company is greater than 0.65 to 1.0 (a) as of the last day of any fiscal quarter of the Company or (b) at any time if any first mortgage bonds issued under Specified Prior Supplements remain outstanding1.0.
Appears in 4 contracts
Sources: Eighth Supplemental Indenture (Texas New Mexico Power Co), Seventh Supplemental Indenture (Texas New Mexico Power Co), Sixth Supplemental Indenture (Texas New Mexico Power Co)