taken, is taking, or proposes to
take with respect to each such condition or event:
The foregoing certifications, together with the computations set forth in
Schedule I hereto and the financial statements delivered with this Certificate
in support hereof, are made and delivered this ___day of
,
___.
THE DETROIT EDISON COMPANY
By
Name:
Title:
SCHEDULE 1 TO COMPLIANCE CERTIFICATE
Compliance as of
, ___with
Provisions of Section 5.01(h) of
the Agreement
FINANCIAL COVENANT
Ratio of Total Funded Debt to Capitalization (Section 6.01(i)).
(A)
Numerator (Total Funded Debt):
(i)
Debt for borrowed money or which has been incurred in connection with the
acquisition of assets (exclusive of contingent reimbursement obligations in
respect of letters of credit and bankers' acceptances):
$
(ii)
Minus: Nonrecourse Debt:
-$
(iii)
Minus: Junior Subordinated Debt:
-$
(iv)
Minus: Mandatorily Convertible Securities:
-$
(v)
Minus: Hybrid Equity Securities:
-$
(vi)
Plus: Capital lease obligations:
+$
(vii)
Plus: Guaranty Obligations of Funded Debt of other Persons:
+$
(viii)
Numerator: (A)(i) minus (A)(ii) through (A)(v) plus (A)(vi) plus (A)(vii):
$
(B)
Denominator (Capitalization):
(i)
Total Funded Debt: (A)(viii)
$
(ii)
Plus: Consolidated Net Worth:
+$
(iii)
Denominator: (B)(i) plus (B)(ii):
$
(C)
State whether the ratio of (A)(viii) to (B)(iii) was not greater
than .65:1:
YES/NO