Debt Ratio Restrictions Sample Clauses

Debt Ratio Restrictions. To the extent any of Duke Energy’s external debt or credit arrangements contain covenants restricting the ratio of debt to total capitalization on a consolidated basis to a maximum percentage of debt, Duke Energy shall ensure that the capital structures of both DEC, DEP, and Piedmont individually meet those restrictions. 8.4 Limitation on Continued Participation in Utility Money Pool Agreement and other Joint Debt and Credit Arrangements with Affiliates. DEC, DEP, and Piedmont may participate in the Utility MPA and any other authorized joint debt or credit arrangement as provided in Regulatory Conditions 7.7 and 7.8 only to the extent such participation is beneficial to DEC’s and DEP’s respective Retail Native Load Customers and Piedmont’s Customers and does not negatively affect DEC’s, DEP’s, or Piedmont’s ability to continue to provide adequate and reliable service at just and reasonable rates.
Sample 1
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Debt Ratio Restrictions. To the extent any of Duke Energy’s external debt or credit arrangements contain covenants restricting the ratio of debt to total capitalization on a consolidated basis to a maximum percentage of debt, Duke Energy shall ensure that the capital structures of both DEC, DEP, and PECPiedmont individually meet those restrictions.
Sample 1

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