PENNICHUCK EAST UTILITY, ENC,
FINANCIAL COVENANT CERTIFICATE
Tor fiscal year ending on
The undersigned hereby certifies tp COBANK, ACB that set forth below are: (1) the financial ratios that
the Company was required to achieve for the Fiseal year end covered by this Certificate; and (2) the
actual results achieved by the Campany:
RATIO — _ Required ; Achieved
| Debt Service Coverage Ratiz: 1.25 te 1.00 |
® nel income (after taxes and after eliminating any |
gain or toss on sale of assets or other}
extraordinary gainorloss:$
« plus depreciation expense: $
@ plus amortization expense: §
e piusinterestexpense: 3
® minus non-cash income from subsidiaries and-or |
joint ventures: (5 5
within the period on all Leng-Verm Debt.
Ss plus interest expense: $ .
Ratio of Lotal Debt to Total Capitalization: Not greaier .
« Total Debtatendofyear; 3 . i than.65 to —
» Net Worthatendofyear; § : 1.00
All of the above ratios were calculated in accordance with the terms of the Master Loan Agreement.
PENNICHUCK EAST UTILITY, INC.
By:
Its: Chief Financial Officer
