Maintenance of Indebtedness. Permit Consolidated Total Debt at any time to exceed (a) from the Closing Date through September 30, 2001, an amount equal to 70.0% of Consolidated Total Capitalization, (b) from October 1, 2001 through December 31, 2001, an amount equal to 67.5% of Consolidated Total Capitalization, (c) from January 1, 2002 through March 31, 2002, an amount equal to 65.0% of Consolidated Total Capitalization, (d) from April 1, 2002 through June 30, 2002, an amount equal to 60.0% of Consolidated Total Capitalization, and (e) thereafter, an amount equal to 57.5% of Consolidated Total Capitalization.
Appears in 2 contracts
Sources: Credit Agreement (Arrow Electronics Inc), 364 Day Credit Agreement (Arrow Electronics Inc)