Common use of Funded Debt to Total Capitalization Clause in Contracts

Funded Debt to Total Capitalization. Permit or suffer the ratio of Funded Debt to Total Capitalization to be (i) greater than 0.35 to 1.00 at any time on or after the Effective Date to but excluding December 31, 2001 or (ii) equal to or greater than 0.25 to 1.00 on December 31, 2001 or at any time thereafter.

Appears in 1 contract

Sources: Credit Agreement (Aici Capital Trust)

Funded Debt to Total Capitalization. Permit or suffer the ratio of Funded Debt to Total Capitalization to be (i) greater than 0.35 to 1.00 at any time on or after the Effective Date to but excluding December 31, 2001 or (ii) equal to or greater than 0.25 .70 to 1.00 on 1.0 at any time from the Closing Date through December 31, 2001 1996, or equal to or greater than .50 to 1.0 at any time thereafter.

Appears in 1 contract

Sources: Credit Agreement (Insituform Technologies Inc)