Consolidated Senior Secured Leverage Ratio. The Parent and the Borrower will not permit, as of the last day of any fiscal quarter commencing with the fiscal quarter during which the Covenant Changeover Date occurs (but in no event prior to the fiscal quarter ending March 31, 2015), the Consolidated Senior Secured Leverage Ratio to be greater than 3.50 to 1.00.
Appears in 4 contracts
Samples: Credit Agreement, Credit Agreement (Rice Energy Inc.), Credit Agreement (Rice Midstream Partners LP)
Consolidated Senior Secured Leverage Ratio. The Parent From and after the incurrence by the Borrower and/or any of its Subsidiaries of Permitted Notes Indebtedness, the Borrower will not permitnot, as of the last day of any each fiscal quarter commencing with then remaining during the fiscal quarter during which the Covenant Changeover Date occurs (but in no event prior to the fiscal quarter ending March 31term of this Agreement, 2015), the permit its Consolidated Senior Secured Leverage Ratio to be greater than exceed 3.50 to 1.00.
Appears in 3 contracts
Samples: Revolving Credit Agreement, Revolving Credit Agreement (Southcross Energy Partners, L.P.), Second Amended and Restated Credit Agreement (Southcross Energy Partners, L.P.)
Consolidated Senior Secured Leverage Ratio. The Parent From and after the Borrower’s exercise of the Permitted Notes Covenant Option, the Borrower will not permitnot, as of the last day of any each fiscal quarter commencing with then remaining during the fiscal quarter during which the Covenant Changeover Date occurs (but in no event prior to the fiscal quarter ending March 31term of this Agreement, 2015), the permit its Consolidated Senior Secured Leverage Ratio to be greater than exceed 3.50 to 1.00.
Appears in 2 contracts
Samples: Credit Agreement (Southcross Energy Partners, L.P.), Credit Agreement (Southcross Energy Partners, L.P.)
Consolidated Senior Secured Leverage Ratio. The Parent and the Borrower will not permit, as of the last day of any fiscal quarter commencing with the fiscal quarter during which the Covenant Changeover Date occurs (but in no event prior to the fiscal quarter ending March 31, 2015)occurs, the Consolidated Senior Secured Leverage Ratio to be greater than 3.50 3.75 to 1.00.
Appears in 2 contracts
Samples: Credit Agreement (Oasis Midstream Partners LP), Credit Agreement (Oasis Midstream Partners LP)
Consolidated Senior Secured Leverage Ratio. The Parent and the Borrower will not permit, permit the Consolidated Senior Secured Leverage Ratio as of the last day of any fiscal quarter commencing with Reference Period to be greater than 2.75 to 1.00; provided, however, that following the fiscal quarter during which the Covenant Changeover Date occurs (but in no event prior to the fiscal quarter ending March 31, 2015)consummation of any Material Acquisition, the Consolidated Senior Secured Leverage Ratio to (x) as at the end of the fiscal quarter in which such Material Acquisition occurs and the three fiscal quarters immediately thereafter, shall not be greater than 3.50 3.00 to 1.00 and (y) as at the end of any fiscal quarter thereafter, shall not be greater than 2.75 to 1.00.
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Consolidated Senior Secured Leverage Ratio. The Parent From and after the incurrence by the Borrower and/or any of its Subsidiaries of Permitted Notes Indebtedness, the Borrower will not permitnot, as of the last day of any fiscal quarter commencing with the fiscal quarter during which the Covenant Changeover Date occurs (but in no event prior to the fiscal quarter ending on March 31, 2015)2019, the permit its Consolidated Senior Secured Leverage Ratio to be greater than exceed 3.50 to 1.00.
Appears in 1 contract
Samples: Revolving Credit Agreement (Southcross Energy Partners, L.P.)
Consolidated Senior Secured Leverage Ratio. The Commencing with the last day of the fiscal quarter, if any, in which the Financial Covenant Election is made (but in no event prior to June 30, 2019), the Parent and the Borrower will not permit, as of the last day of any fiscal quarter commencing with the fiscal quarter during which the Covenant Changeover Date occurs (but in no event prior to the fiscal quarter ending March 31, 2015)quarter, the Consolidated Senior Secured Leverage Ratio to be greater than 3.50 to 1.00.
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Consolidated Senior Secured Leverage Ratio. The Parent and the Borrower will not permit, as of the last day of any fiscal quarter quarter, commencing with the last day of the fiscal quarter during which the Covenant Changeover Fourth Amendment Effective Date occurs (but in no event prior to the fiscal quarter ending March 31, 2015)occurs, the Consolidated Senior Secured Leverage Ratio to be greater than 3.50 3.00 to 1.00.
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Consolidated Senior Secured Leverage Ratio. The Commencing with the last day of the fiscal quarter, if any, in which the Financial Covenant Election is made (but in no event prior to September 30, 2019), the Parent and the Borrower will not permit, as of the last day of any fiscal quarter commencing with the fiscal quarter during which the Covenant Changeover Date occurs (but in no event prior to the fiscal quarter ending March 31, 2015)quarter, the Consolidated Senior Secured Leverage Ratio to be greater than 3.50 to 1.00.
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