PENNICHUCK EAST UTILITY, ENC.
FINANCIAL COVENANT CERTIFICATE
For fiscal year ending on
The undersigned hereby certifies to COBANK, ACB that set forth betow are: ({} the financial ratios that
the Company was required to achieve for the fiscal year end covered by this Certificate, and (2) the
actual results achieved by the Company:
RATIO Required Achieved
Debt Service Coverage Ratio: 1.25 to 1.00
* net income (after taxes and after eliminating any
gain or loss on sale of assets or other
extraordinary gain or loss): $
plus depreciation expense: $_
plus amortization expense: $
plus interest expense: $
minus non-cash income from subsidiaries and/or
joint ventures: ($ )
® divided by the sum of: all principal payments due
within the period on all Long-Term Debt
$ plus interest expense: $ _
eo # @ @¢
Ratio of Total Debt to Total Capitalization: Not greater
¢ Total Debt atendofyear: $ than.65 to
e Net Worthatend of year: $ 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
