Common use of Financial Covenant Clause in Contracts

Financial Covenant. The ratio of (a) Consolidated Indebtedness to (b) Consolidated Capitalization shall be less than or equal to 0.65 to 1.0 as of the last day of any Fiscal Quarter.

Appears in 15 contracts

Samples: Credit Agreement (Public Service Co of New Mexico), Credit Agreement (Public Service Co of New Mexico), Term Loan Agreement (PNM Resources Inc)

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Financial Covenant. The ratio of (a) Consolidated Indebtedness to (b) Consolidated Capitalization shall be less than or equal to 0.65 0.70 to 1.0 as of the last day of any Fiscal Quarter.

Appears in 13 contracts

Samples: Term Loan Agreement (PNM Resources Inc), Credit Agreement (Public Service Co of New Mexico), Term Loan Agreement (PNM Resources Inc)

Financial Covenant. The ratio of (ai) Consolidated Indebtedness of the Borrower to (bii) Consolidated Capitalization of the Borrower shall be less than or equal to 0.65 to 1.0 as of the last day of any Fiscal QuarterQuarter of the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Public Service Co of New Mexico)

Financial Covenant. CHAR1\1489179v4 The ratio of (a) Consolidated Indebtedness to (b) Consolidated Capitalization shall be less than or equal to 0.65 to 1.0 as of the last day of any Fiscal Quarter.

Appears in 1 contract

Samples: Credit Agreement (Public Service Co of New Mexico)

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Financial Covenant. The ratio of (ai) Consolidated Indebtedness of the Borrower to (bii) Consolidated Capitalization of the Borrower shall be less than or equal to 0.65 to 1.0 as of the last day of any Fiscal Quarterfiscal quarter of the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Texas New Mexico Power Co)

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