Consolidated Total Debt to Consolidated EBITDAX. Commencing with the fiscal quarter ending March 31, 2008, the Borrower will not permit, as of the last day of any fiscal quarter, its ratio of Consolidated Total Debt (for the fiscal quarter ending on such date) to Annualized Consolidated EBITDAX to be greater than 3.5 to 1.0 for each fiscal quarter.
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Samples: Credit Agreement (Ellora Energy Inc), Credit Agreement (Ellora Energy Inc)
Consolidated Total Debt to Consolidated EBITDAX. Commencing with the fiscal quarter ending March 31, 20082006, the Borrower Borrowers will not permit, as of the last day of any fiscal quarter, its their ratio of Consolidated Total Debt (for the fiscal quarter ending on such date) to Annualized Consolidated EBITDAX to be greater than 3.5 3.0 to 1.0 for each fiscal quarter.
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Samples: Credit Agreement (Ellora Energy Inc)
Consolidated Total Debt to Consolidated EBITDAX. Commencing with on the fiscal quarter ending March 31, 2008, the Borrower will not permit, as of the last day of any fiscal quarter, its ratio of Consolidated Total Debt (for the fiscal quarter ending on such date) to Annualized Consolidated EBITDAX to be greater than the ratio set forth below opposite to the period that includes such day: Period Ratio March 31, 2008 through March 31, 2009 3.5 to 1.0 for each fiscal quarter.June 30, 2009 4.5 to 1.0 September 30, 2009 and thereafter 3.5 to 1.0
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Consolidated Total Debt to Consolidated EBITDAX. Commencing As of the end of any Fiscal Quarter, commencing with the fiscal quarter Fiscal Quarter ending March December 31, 20082004, the Borrower will not permit, as of the last day of any fiscal quarter, permit its ratio of Consolidated Total Debt (for the fiscal quarter ending on such date) to Annualized Consolidated EBITDAX to be greater than 3.5 3.0 to 1.0 for each fiscal quarter1.0.
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