Debt Service Ratio. Permit the Debt Service Ratio to be less than 110% as of the last day of any calendar year; provided that if the Debt Service Ratio is less than 110% as of the last day of any calendar year, a plan must be implemented pursuant to Section 4.03 of the Indenture.
Appears in 2 contracts
Sources: Credit Agreement (Tri-State Generation & Transmission Association, Inc.), Credit Agreement (Tri-State Generation & Transmission Association, Inc.)
Debt Service Ratio. Permit the Debt Service Ratio to be less than 110% as of the last day of any calendar year; provided that if the Debt Service Coverage Ratio is less than 110% as of the last day of any calendar year%, a plan must be implemented pursuant to Section 4.03 of the Indenture.
Appears in 1 contract
Sources: Credit Agreement (Tri-State Generation & Transmission Association, Inc.)