Common use of Debt to Capitalization Ratio Clause in Contracts

Debt to Capitalization Ratio. Unless the Majority Lenders shall otherwise consent in writing, so long as any amount payable by any Borrower hereunder shall remain unpaid, any Letter of Credit for the account of any Borrower shall remain outstanding or any Lender shall have any Commitment to any Borrower hereunder, each Borrower will maintain a Debt to Capitalization Ratio, as of the last day of each fiscal quarter of such Borrower, commencing with the fiscal quarter ending December 31, 2021, of no more than 0.65 to 1.00 (determined as of the last day of each fiscal quarter).

Debt to Capitalization Ratio. Unless the Majority Lenders shall otherwise consent in writing, so long as any amount payable by any Borrower hereunder shall remain unpaid, any Letter of Credit for the account of any Borrower shall remain outstanding or any Lender shall have any Commitment to any Borrower hereunder, each such Borrower will maintain a Debt to Capitalization Ratio, as of the last day of each fiscal quarter of such Borrower, commencing with the fiscal quarter ending December 31, 2021, Ratio of no more than 0.65 to 1.00 (determined as of the last day of each fiscal quarter).

Debt to Capitalization Ratio. Unless the Majority Lenders shall otherwise consent in writing, so long as any amount payable by any the Borrower hereunder shall remain unpaid, any Letter of Credit for the account of any the Borrower shall remain outstanding or any Lender shall have any Commitment to any the Borrower hereunder, each the Borrower will maintain a Debt to Capitalization Ratio, as of the last day of each fiscal quarter of such the Borrower, commencing with the fiscal quarter ending December 31, 2021, of no more than 0.65 to 1.00 (determined as of the last day of each fiscal quarter).

Debt to Capitalization Ratio. Unless the Majority Lenders shall otherwise consent in writing, so long as any amount payable by any Borrower hereunder shall remain unpaid, any Letter of Credit for the account of any Borrower shall remain outstanding or any Lender shall have any Commitment to any Borrower hereunder, each Borrower FET will maintain a Debt to Capitalization Ratio, as of the last day of each fiscal quarter of such BorrowerFET, commencing with the fiscal quarter ending December 31, 2021, of no more than 0.65 0.75 to 1.00 (determined as of the last day of each fiscal quarter).

Debt to Capitalization Ratio. Unless the Majority Lenders shall otherwise consent in writing, so long as any amount payable by any the Borrower hereunder shall remain unpaid, any Letter of Credit for the account of any the Borrower shall remain outstanding or any Lender shall have any Commitment to any the Borrower hereunder, each the Borrower will maintain a Debt to Capitalization Ratio, as of the last day of each fiscal quarter of such the Borrower, commencing with the first fiscal quarter ending December 31, 2021after the Closing Date, of no more than 0.65 to 1.00 (determined as of the last day of each fiscal quarter).

Debt to Capitalization Ratio. Unless the Majority Lenders shall otherwise consent in writing, so long as any amount payable by any Borrower hereunder shall remain unpaid, any Letter of Credit for the account of any Borrower shall remain outstanding or any Lender shall have any Commitment to any Borrower hereunder, each such Borrower will maintain a Debt to Capitalization Ratio, as of the last day of each fiscal quarter of such Borrower, commencing with the fiscal quarter ending December 31, 2021, Ratio of no more than 0.65 to 1.00 (in the case of ATSI and TrAILCo) and 0.700 to 1.00 (in the case of FET), in each case, determined as of the last day of each fiscal quarter).

Debt to Capitalization Ratio. ‌ Unless the Majority Lenders shall otherwise consent in writing, so long as any amount payable by any Borrower hereunder shall remain unpaid, any Letter of Credit for the account of any Borrower shall remain outstanding or any Lender shall have any Commitment to any Borrower hereunder, each such Borrower will maintain a Debt to Capitalization Ratio, as of the last day of each fiscal quarter of such Borrower, commencing with the fiscal quarter ending December 31, 2021, Ratio of no more than 0.65 to 1.00 (in the case of ATSI, MAIT and TrAILCo) and 0.75:1.00 (in the case of FET), in each case, determined as of the last day of each fiscal quarter).

Debt to Capitalization Ratio. Unless the Majority Lenders shall otherwise consent in writing, so long as any amount payable by any the Borrower hereunder shall remain unpaid, any Letter of Credit for the account of any the Borrower shall remain outstanding or any Lender shall have any Commitment to any the Borrower hereunder, each the Borrower will maintain a Debt to Capitalization Ratio, as of the last day of each fiscal quarter of such the Borrower, commencing with the fiscal quarter ending on December 31, 20212023, of no more than 0.65 0.75 to 1.00 (determined as of the last day of each fiscal quarter).

Debt to Capitalization Ratio. ‌ Unless the Majority Lenders shall otherwise consent in writing, so long as any amount payable by any Borrower hereunder shall remain unpaid, any Letter of Credit for the account of any Borrower shall remain outstanding or any Lender shall have any Commitment to any Borrower hereunder, each such Borrower will maintain a Debt to Capitalization Ratio, as of the last day of each fiscal quarter of such Borrower, commencing with the fiscal quarter ending December 31, 2021, Ratio of no more than 0.65 to 1.00 (in the case of XXXX, MAIT and TrAILCo) and 0.75:1.00 (in the case of FET), in each case, determined as of the last day of each fiscal quarter).

Debt to Capitalization Ratio. Unless the Majority Lenders shall otherwise consent in writing, so long as any amount payable by any Borrower hereunder shall remain unpaid, any Letter of Credit for the account of any Borrower shall remain outstanding or any Lender shall have any Commitment to any Borrower hereunder, each such Borrower will maintain a Debt to Capitalization Ratio, as of the last day of each fiscal quarter of such Borrower, commencing with the fiscal quarter ending December 31, 2021, Ratio of no more than 0.65 to 1.00 (in the case of ATSI, MAIT and TrAILCo) and 0.75:1.00 (in the case of FET), in each case, determined as of the last day of each fiscal quarter).

Debt to Capitalization Ratio. Unless the Majority Lenders shall otherwise consent in writing, so long as any amount payable by any Borrower hereunder shall remain unpaid, any Letter of Credit for the account of any Borrower shall remain outstanding or any Lender shall have any Commitment to any Borrower hereunder, each Borrower will maintain a Debt to Capitalization Ratio, as of the last day of each fiscal quarter of such Borrower, commencing with the fiscal quarter ending December 31, 2021, of no more than 0.65 to 1.00 (determined as of the last day of each fiscal quarter).. 744222473

Debt to Capitalization Ratio. Unless the Majority Lenders shall otherwise consent in writing, so long as any amount payable by any Borrower hereunder shall remain unpaid, any Letter of Credit for the account of any Borrower shall remain outstanding or any Lender shall have any Commitment to any Borrower hereunder, each Borrower FET will maintain a Debt to Capitalization Ratio, as of the last day of each fiscal quarter of such BorrowerFET, commencing with the fiscal quarter ending December 31, 2021, of no more than 0.65 0.75 to 1.00 (determined as of the last day of each fiscal quarter).. 752938400