Common use of Current Ratio Clause in Contracts

Current Ratio. The Borrower will not permit, as of the last day of any fiscal quarter, its ratio of (i) consolidated current assets (including the unused amount of the total Commitments, but excluding non-cash assets under FAS 133) to (ii) consolidated current liabilities (excluding non-cash obligations under FAS 133 and current maturities under this Agreement) to be less than 1.0 to 1.0.

Appears in 18 contracts

Samples: Credit Agreement (Three Rivers Operating Co Inc.), Credit Agreement (Cimarex Energy Co), Credit Agreement (Northern Oil & Gas, Inc.)

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Current Ratio. The Borrower will not permit, as of the last day of any fiscal quarter, its ratio of (i) consolidated current assets (including the unused amount of the total Commitments, but excluding any non-cash assets under FAS 133) gains on Swap Agreements and any deferred income tax, to (ii) consolidated current liabilities (but excluding any non-cash obligations under FAS 133 losses on Swap Agreements and any deferred tax liabilities and any current maturities under this Agreementof long-term Debt) to be less than 1.0 to 1.0.

Appears in 7 contracts

Samples: Senior Revolving Credit Agreement (Halcon Resources Corp), Senior Revolving Credit Agreement (Halcon Resources Corp), Senior Revolving Credit Agreement (Petrohawk Energy Corp)

Current Ratio. The Borrower will not permit, as of the -------------- last day of any fiscal quarter, its the Borrower's ratio of (iA) consolidated current assets (including the unused amount of the total Commitments, but excluding non-cash assets under FAS 133) to (iiB) consolidated current liabilities (excluding (C) non-cash obligations under FAS 133 and current maturities under this Agreement) 133), to be less than 1.0 to 1.01.00:1.00.

Appears in 5 contracts

Samples: Credit Agreement (Crested Corp), Credit Agreement (Crested Corp), Credit Agreement (Us Energy Corp)

Current Ratio. The Borrower will not permit, as of the last day of any fiscal quarter, its ratio of (i) consolidated current assets (including the unused amount of the total Commitments, but excluding non-cash assets under FAS 133) to (ii) consolidated current liabilities (excluding non-cash obligations under FAS 133 and current maturities under this Agreement) to be less than 1.0 to 1.0.

Appears in 3 contracts

Samples: Senior Revolving Credit Agreement (Petrohawk Energy Corp), Senior Revolving Credit Agreement (Petrohawk Energy Corp), Senior Revolving Credit Agreement (Petrohawk Energy Corp)

Current Ratio. The Borrower will not permit, as of the last day of any fiscal quarter, commencing with the fiscal quarter ending March 31, 2013, its ratio of (i) consolidated current assets (including the unused amount of the total Commitments, but excluding non-cash assets under FAS 133FASB ASC 815) to (ii) consolidated current liabilities (excluding non-cash obligations under FAS 133 FASB ASC 815 and current maturities under this Agreement) to be less than 1.0 to 1.0.

Appears in 3 contracts

Samples: Credit Agreement, Credit Agreement (New Source Energy Partners L.P.), Credit Agreement (New Source Energy Partners L.P.)

Current Ratio. The Borrower will not permit, as of the last day of any fiscal quarter, its ratio of (i) consolidated current assets (including the unused amount of the total Commitments, but excluding non-cash assets under the equivalent of FAS 133133 under GAAP) to (ii) consolidated current liabilities (excluding non-cash obligations under the equivalent of FAS 133 under GAAP and current maturities under this Agreement) to be less than 1.0 to 1.0.

Appears in 3 contracts

Samples: Credit Agreement (APEG Energy II, LP), Credit Agreement (Diamondback Energy, Inc.), Credit Agreement (Us Energy Corp)

Current Ratio. The Borrower will not permit, as of the last day of any fiscal quarter, commencing with the fiscal quarter ending September 30, 2022, its ratio of (i) consolidated current assets (including the unused amount of the total CommitmentsCommitments then available to be borrowed, but excluding non-cash assets under FAS 133FASB ASC 815) to (ii) consolidated current liabilities (excluding non-cash obligations under FAS 133 FASB ASC 815 and current maturities under this AgreementAgreement and under the Bridge Loan Documents) (the “Current Ratio”) to be less than 1.0 1.00 to 1.01.00.

Appears in 3 contracts

Samples: Credit Agreement (STR Sub Inc.), Credit Agreement (Sitio Royalties Corp.), Credit Agreement (Sitio Royalties Corp.)

Current Ratio. The Borrower will not permit, as of the last day of at any fiscal quartertime, its ratio of (i) consolidated current assets of the Borrower and the Restricted Subsidiaries (including the unused amount of the total Commitments, but excluding non-cash assets under FAS 133) to (ii) consolidated current liabilities of the Borrower and the Restricted Subsidiaries (excluding outstanding Obligations hereunder and non-cash obligations under FAS 133 and current maturities under this Agreement133) to be less than 1.0 to 1.0.

Appears in 2 contracts

Samples: Letter of Credit Facility Agreement (Black Elk Energy Finance Corp.), Credit Agreement (Black Elk Energy Finance Corp.)

Current Ratio. The Borrower will not permit, as of the last day of any fiscal quarterquarter (beginning with the fiscal quarter ending December 31, 2012), its ratio of (i1) consolidated current assets (including the unused amount of the total CommitmentsAvailable Amount, but excluding non-cash current assets under FAS 133) to (ii2) consolidated current liabilities (excluding non-cash obligations current liabilities under FAS 133 and current maturities under this Agreement133) to be less than 1.0 to 1.0.

Appears in 2 contracts

Samples: Credit Agreement (Santa Maria Energy Corp), Credit Agreement (Santa Maria Energy Corp)

Current Ratio. The Borrower will not permit, as of the last day of any fiscal quarter, its ratio of (i) consolidated current assets (including the unused amount of the total Commitments, but excluding non-cash current assets under FAS 133) to (ii) consolidated current liabilities (excluding non-cash current obligations under FAS 133 and current maturities under this Agreement) to be less than 1.0 to 1.0.

Appears in 2 contracts

Samples: Credit Agreement (Kodiak Oil & Gas Corp), Credit Agreement (Kodiak Oil & Gas Corp)

Current Ratio. The Borrower will not permit, as of the last day of any fiscal quarter, its itsHoldings’s ratio of (i) consolidated current assets (including the unused amount of the total Commitments, but excluding non-cash assets under ASC Topic 815, formerly FAS 133) to (ii) consolidated current liabilities (excluding non-cash obligations under ASC Topic 815, formerly FAS 133 and 133, that may be classified as current maturities under this Agreementliabilities) to be less than 1.0 to 1.0.

Appears in 2 contracts

Samples: Fifth Amendment to Third Amended and Restated Credit Agreement (Bill Barrett Corp), Fifth Amendment to Third Amended and Restated Credit Agreement (HighPoint Resources Corp)

Current Ratio. The Borrower will not permit, as of the last day of any fiscal quarter, its ratio of (i) consolidated current assets (including the unused amount of the total CommitmentsCommitments under the Senior Revolving Credit Agreement, but excluding non-cash current assets under FAS 133) to (ii) consolidated current liabilities (excluding non-cash current obligations under FAS 133 and current maturities under this Agreement and the Senior Revolving Credit Agreement) to be less than 1.0 to 1.0.

Appears in 2 contracts

Samples: Second Lien Credit Agreement (Kodiak Oil & Gas Corp), Second Lien Credit Agreement (Kodiak Oil & Gas Corp)

Current Ratio. The Borrower will not permit, as of the last day of any fiscal quarterquarter beginning on the fiscal quarter ending September 30, 2012, its ratio of (i) consolidated current assets (including the unused amount of the total Commitments, but excluding non-cash assets under the equivalent of FAS 133133 under GAAP) to (ii) consolidated current liabilities (excluding non-cash obligations under the equivalent of FAS 133 under GAAP and current maturities under this Agreement) to be less than 1.0 to 1.0.

Appears in 2 contracts

Samples: Credit Agreement (Diamondback Energy, Inc.), Credit Agreement (Diamondback Energy, Inc.)

Current Ratio. The Borrower will not permit, as of the last day of any fiscal quarter, its ratio of (i) consolidated current assets (including the unused amount of the total Commitments, but excluding non-cash assets under FAS 133) to (ii) consolidated current liabilities (excluding obligations under the Subordinated Credit Agreement, non-cash obligations under FAS 133 and current maturities under this Agreement) to be less than 1.0 to 1.0.

Appears in 2 contracts

Samples: Credit Agreement (Linn Energy, LLC), Credit Agreement (Linn Energy, LLC)

Current Ratio. The Borrower will not permit, as of the last day of any fiscal quarter, its ratio of (i) consolidated current assets (including the unused amount of the total Commitments, but excluding non-cash assets under FAS 133) to (ii) consolidated current liabilities (excluding non-cash obligations under FAS 133 and current maturities under this AgreementFAS 143) to be less than 1.0 to 1.0.

Appears in 2 contracts

Samples: Credit Agreement (Energy Partners LTD), Credit Agreement (Energy Partners LTD)

Current Ratio. The Borrower will not permit, as of the last day of any fiscal quarter, its ratio of (i) consolidated current assets (including the unused amount of the total Commitments, but excluding non-cash assets under FAS 133FASB Accounting Standards Codification 815) to (ii) consolidated current liabilities (excluding non-cash obligations under FAS 133 FASB Accounting Standards Codification 815 and current maturities under this Agreement) to be less than 1.0 to 1.0.

Appears in 2 contracts

Samples: Credit Agreement (Legacy Reserves Inc.), Credit Agreement (Legacy Reserves Lp)

Current Ratio. The 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 (i) consolidated current assets (including the unused amount of the total Commitments, but excluding non-cash assets under FAS 133) to (ii) consolidated current liabilities (excluding any current liabilities to pay principal on the Loans and non-cash obligations under FAS 133 and current maturities under this Agreement133) to be less than 1.0 to 1.0.

Appears in 2 contracts

Samples: Credit Agreement (Ellora Energy Inc), Credit Agreement (Ellora Energy Inc)

Current Ratio. The Borrower will not permit, as of the last day of any fiscal quarter, its ratio of (i) consolidated current assets (including the unused amount of the total Commitments, but excluding non-cash assets under FAS 133) to (ii) consolidated current liabilities (excluding non-cash obligations under FAS 133 133, asset and asset retirement obligations and current maturities of Indebtedness under this Agreement) to be less than 1.0 to 1.0.

Appears in 2 contracts

Samples: Credit Agreement (Whittier Energy Corp), Credit Agreement (Whittier Energy Corp)

Current Ratio. The Borrower will not permit, as of the last day of any fiscal quarter, its the ratio of (i) consolidated current assets (including the unused amount of the total CommitmentsBorrowing Base, but excluding non-cash assets under FAS 133) of the Borrower and its Consolidated Subsidiaries to (ii) consolidated current liabilities (excluding non-cash obligations under FAS 133 and current maturities under this Agreement) of the Borrower and its Consolidated Subsidiaries to be less than 1.0 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Energy Partners LTD)

Current Ratio. The Borrower will not permit, as of the last day of any fiscal quarter, its ratio of (i) consolidated current assets (including the unused amount of the total Commitments, but excluding non-cash assets under FAS 133) to (ii) consolidated current liabilities (excluding non-cash obligations under FAS 133 and current maturities under this Agreement) to be less than 1.0 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Starboard Resources, Inc.)

Current Ratio. The Borrower will not permit, as of the last day of any fiscal quarter, its ratio of (i) consolidated current assets (including the unused amount of the total Commitments, but excluding non-cash assets under FAS 133) to (ii) consolidated current liabilities (excluding non-cash obligations under FAS 133 and the current maturities under this Agreementportion of the Aggregate Commitment) to be less than 1.0 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (St Mary Land & Exploration Co)

Current Ratio. The Borrower will not permit, as of the last day of any fiscal quarter, its ratio of (i) consolidated current assets (including the unused amount of the total Commitments, but excluding non-cash assets under FAS 133) to (ii) consolidated current liabilities (excluding non-cash obligations under FAS 133 and current maturities under this Agreement) to be less than 1.0 to 1.0. For the period ending March 31, 2006, the Current Ratio shall be calculated after giving pro forma effect to the acquisition of K-Mc Venture I LLC.

Appears in 1 contract

Samples: Credit Agreement (McMoran Exploration Co /De/)

Current Ratio. The Borrower will not permit, as of the last day of any fiscal quarter, its ratio of (i) consolidated current assets (including the unused amount of the total Commitments, but excluding non-cash assets (including required deferred tax impacts) under FAS 133133 or any replacement accounting standard) to (ii) consolidated current liabilities (excluding non-cash obligations (including required deferred tax impacts) under FAS 133 or any replacement accounting standard and current maturities under this Agreement) to be less than 1.0 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Cabot Oil & Gas Corp)

Current Ratio. The Borrower Commencing with the fiscal quarter ending March 31, 2006, the Borrowers will not permit, as of the last day of any fiscal quarter, its their ratio of (i) consolidated current assets (including the unused amount of the total Commitments, but excluding non-cash assets under FAS 133) to (ii) consolidated current liabilities (excluding non-cash obligations under FAS 133 and current maturities under this Agreement133) to be less than 1.0 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Ellora Energy Inc)

Current Ratio. The Borrower will not permit, as of the last day of any fiscal quarter, its ratio of (i) consolidated current assets (including the unused amount of the total Commitments, but excluding non-cash assets under FAS 133) to (ii) consolidated current liabilities (excluding non-cash obligations under FAS 133 and current maturities under this Agreement133) to be less than 1.0 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Bill Barrett Corp)

Current Ratio. The Borrower will not permit, as of the last day of any fiscal quarter, its ratio of (i) consolidated current assets (including the unused amount of the total Commitments, but excluding non-cash assets (including required deferred tax impacts) under FAS 133133 or any replacement accounting standard) to (ii) consolidated current liabilities (excluding non-cash obligations (including required deferred tax impacts) under FAS 133 and FAS 143, or any replacement accounting standard and current maturities under this Agreement) to be less than 1.0 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Cabot Oil & Gas Corp)

Current Ratio. The Borrower will not permit, as As of the last day end of any fiscal quarter, its permit the ratio of (i) Borrower’s consolidated current assets (including the unused amount of the total Commitments, but excluding any non-cash assets under FAS 133, as amended) plus the amount of the Unused Availability to (ii) Borrower’s consolidated current liabilities (excluding current maturities of the Loans and non-cash obligations under FAS 133 and current maturities under this AgreementFAS 143, as amended) to be less than 1.0 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Energy Partners LTD)

Current Ratio. The Borrower will not permit, as of the last day of any fiscal quarter, its ratio of (i) consolidated current assets (including the unused amount of the total Commitments, but excluding non-cash assets under FAS 133ASC 815) to (ii) consolidated current liabilities (excluding non-cash obligations under FAS 133 ASC 815 and current maturities under this Agreement) to be less than 1.0 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Lonestar Resources US Inc.)

Current Ratio. The Borrower will not permitnot, as of the last day of any fiscal quarter, permit its ratio of (i) consolidated current assets (including the unused amount of availability under this Credit Agreement up to the total Commitments, Commitments but excluding non-cash assets under FAS 133ASC 815) to (ii) consolidated current liabilities (excluding non-cash obligations under FAS 133 ASC 815 and current maturities under this Agreement) to be less than 1.0 1.00 to 1.01.00.

Appears in 1 contract

Samples: Credit Agreement (Eagle Rock Energy Partners L P)

Current Ratio. The Borrower will not permit, as of the last day of any fiscal quarter, its ratio of (i) consolidated current assets (including the unused amount of the total Commitments, but excluding non-cash assets under FAS 133FASB ASC 815) to (ii) consolidated current liabilities (excluding non-cash obligations under FAS 133 FASB ASC 815 and current maturities under this Agreement) to be less than 1.0 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Northern Oil & Gas, Inc.)

Current Ratio. The Borrower will not permit, as of the last day of any fiscal quarter, its ratio of (i) consolidated current assets (including the unused amount of the total Commitments, but excluding non-cash assets under FAS 133) to (ii) consolidated current liabilities (excluding non-cash obligations under FAS 133 133, current maturities of any Senior Notes which have been tendered for or with respect to which the Borrower or applicable Subsidiary has exercised a redemption right and which are required by GAAP to be current and current maturities under this Agreement) to be less than 1.0 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Linn Energy, LLC)

Current Ratio. The Borrower will not permit, as of the last day of any fiscal quarter, its ratio of (i) consolidated current assets (including the unused amount of the total Commitments, but excluding non-cash assets (including required deferred tax impacts) under FAS 133ASC 815 or any replacement accounting standard) to (ii) consolidated current liabilities (excluding non-cash obligations (including required deferred tax impacts) under FAS 133 ASC 815 and ASC 410, or any replacement accounting standard and current maturities under this Agreement) to be less than 1.0 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Cabot Oil & Gas Corp)

Current Ratio. The the Borrower will not permit, as of the last day of any fiscal quarter, its the Borrower’s ratio of (i) consolidated current assets (including the unused amount of the total Commitments, any undrawn amounts that are committed under this Agreement that Borrower is permitted to draw but excluding non-cash assets under FAS 133) to (ii) consolidated current liabilities (excluding non-cash obligations under FAS 133 and current maturities outstanding amounts under this Agreement) ), to be less than 1.0 to 1.0.1.0:1.0;

Appears in 1 contract

Samples: Credit Agreement (Petro Resources Corp)

Current Ratio. The Borrower will not permit, as of the last day of any fiscal quarter, its ratio of (iii) consolidated current assets (including the unused amount of the total Commitments, but excluding non-cash assets under FAS 133) to (iiiii) consolidated current liabilities (excluding non-cash obligations under FAS 133 and current maturities under this Agreement) to be less than 1.0 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Legacy Reserves Lp)

Current Ratio. The Borrower will not permit, as of the last day of any fiscal quarterquarter ending on or after March 31, 2012, its ratio of (i) consolidated current assets (including the unused amount of the total Commitments, but excluding non-cash assets under FAS 133) to (ii) consolidated current liabilities (excluding non-cash obligations under FAS 133 and current maturities under this Agreement) to be less than 1.0 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Dune Energy Inc)

Current Ratio. The Borrower will not permit, as of the last day of any fiscal quarter, its the Borrower’s ratio of (iA) consolidated current assets (including the unused amount of the total Commitments, but excluding non-cash assets under FAS 133) to (iiB) consolidated current liabilities (excluding non-cash obligations under FAS 133 and current maturities under this Agreementof long term Debt unless such Debt is current as a result of a default or event of default or has otherwise been accelerated) to be less than 1.0 to 1.01.00:1.00.

Appears in 1 contract

Samples: Credit Agreement (CrossPoint Energy CO)

Current Ratio. The Borrower will not permit, as of the last ------------- day of any fiscal quarter, its ratio of (i) consolidated current assets (including the unused amount of the total Commitments, but excluding non-cash assets under FAS 133) to (ii) consolidated current liabilities (excluding non-cash obligations under FAS 133 and the current maturities under this Agreementportion of the Aggregate Commitment) to be less than 1.0 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (St Mary Land & Exploration Co)

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Current Ratio. The Borrower will not permit, as of the last day of any fiscal quarterquarter ending on or after March 31, 2013, its ratio of (i) consolidated current assets (including the unused amount of the total Commitments, but excluding non-cash assets under FAS 133FASB ASC 815) as of such day to (ii) consolidated current liabilities (excluding non-cash obligations under FAS 133 FASB ASC 815 and current maturities unused availability under this Agreement) as of such day to be less than 1.0 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Rex Energy Corp)

Current Ratio. The Borrower will not permit, as of the last day of any fiscal quarter, commencing with the fiscal quarter ending September 30, 2011, its ratio of (i) consolidated current assets (including the unused amount of the total Commitments, but excluding non-cash assets under FAS 133FASB ASC 815) to (ii) consolidated current liabilities (excluding non-cash obligations under FAS 133 FASB ASC 815 and current maturities under this Agreement) to be less than 1.0 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (New Source Energy Corp)

Current Ratio. The Borrower will not permit, as of the last day of any fiscal quarter, its the Borrower's ratio of (i) consolidated current assets (including the unused amount of the total Commitments, any undrawn amounts that are committed under this Agreement that Borrower is permitted to draw but excluding non-cash assets under FAS 133) to (ii) consolidated current liabilities (excluding non-cash obligations under FAS 133 and current maturities outstanding amounts under this Agreement) ), to be less than 1.0 to 1.0.1.00:1.00;

Appears in 1 contract

Samples: Credit Agreement (Baseline Oil & Gas Corp.)

Current Ratio. The Borrower will not permit, as of the last day of any fiscal quarter, its ratio of (i) consolidated current assets (including the unused amount of the total Commitments, but excluding non-cash assets under FAS 133Unused Amount) to (ii) consolidated current liabilities (excluding non-cash obligations under FAS 133 and current maturities under this Agreement133) to be less than 1.0 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Mission Resources Corp)

Current Ratio. The Borrower will not permit, as of the last day of any fiscal quarter, its ratio of (i3) consolidated current assets (including the unused amount of the total Commitments, but excluding non-cash assets under FAS 133) as of such day to (ii4) consolidated current liabilities (excluding non-cash obligations under FAS 133 and current maturities unused availability under this Agreement) as of such day to be less than 1.0 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Rex Energy Corp)

Current Ratio. The Borrower will not permit, as of the last day of any fiscal quarter, its the Borrower's ratio of (i) consolidated current assets (including the unused amount of the total Commitments, any undrawn amounts that are committed under this Agreement that Borrower is permitted to draw but excluding non-cash assets under FAS 133) to (ii) consolidated current liabilities (excluding (A) non-cash obligations under FAS 133 and current maturities under this Agreement) 133), to be less than 1.0 to 1.01.0:1.0.

Appears in 1 contract

Samples: Credit Agreement (Dune Energy Inc)

Current Ratio. The Borrower will not permit, as of the last day of any fiscal quarter, commencing with the fiscal quarter ending September 30, 2021, its ratio of (i) consolidated current assets (including the unused amount of the total CommitmentsCommitments then available to be borrowed, but excluding non-cash assets under FAS 133FASB ASC 815) to (ii) consolidated current liabilities (excluding non-cash obligations under FAS 133 FASB ASC 815 and current maturities under this Agreement) (the “Current Ratio”) to be less than 1.0 1.00 to 1.01.00.

Appears in 1 contract

Samples: Credit Agreement (Desert Peak Minerals Inc.)

Current Ratio. The Borrower will not permit, as of the last day of any fiscal quarterquarter ending on or after June 30, 2011, its ratio of (i) consolidated current assets (including the unused amount of the total Commitments, but excluding non-cash assets under FAS 133) to (ii) consolidated current liabilities (excluding non-cash obligations under FAS 133 and current maturities under this Agreement) to be less than 1.0 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Trans Energy Inc)

Current Ratio. The Borrower will not permit, as of the last day of any fiscal quarter, its ratio of (i) consolidated current assets (including the unused amount of the total Commitments, but excluding non-cash assets under FAS 133FASB ASC 815) to (ii) consolidated current liabilities (excluding current non-cash obligations under FAS 133 FASB ASC 815 and current maturities under this Agreement) to be less than 1.0 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Northern Oil & Gas, Inc.)

Current Ratio. The Borrower will not permit, as of the last day of ------------- any fiscal quarter, its ratio of (i) consolidated current assets (including the unused amount of the total Commitments, but excluding non-cash assets under FAS 133Unused Amount) to (ii) consolidated current liabilities (excluding non-cash obligations under FAS 133 and current maturities under this Agreement133) to be less than 1.0 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Mission Resources Corp)

Current Ratio. The Borrower will not permit, as of the last day of any fiscal quarter, its ratio of (i) consolidated current assets (including the unused amount of the total Commitments, but excluding non-cash assets under FAS 133) to (ii) consolidated current liabilities (excluding non-cash obligations under FAS 133 and current maturities unused availability under this Agreement) to be less than 1.0 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Rex Energy Corp)

Current Ratio. The Borrower will not permit, as of the last day of any fiscal quarter, commencing with the fiscal quarter ending December 31, 2019, its ratio of (i) consolidated current assets (including the unused amount of the total CommitmentsCommitments then available to be borrowed, but excluding non-cash assets under FAS 133FASB ASC 815) to (ii) consolidated current liabilities (excluding non-cash obligations under FAS 133 FASB ASC 815 and current maturities under this Agreement) to be less than 1.0 1.00 to 1.01.00.

Appears in 1 contract

Samples: Credit Agreement (Contango Oil & Gas Co)

Current Ratio. The Borrower will not permit, as of the last day of any fiscal quarter, commencing with the fiscal quarter ending September 30, 2022, its ratio of (i) consolidated current assets (including the unused amount of the total CommitmentsCommitments then available to be borrowed, but excluding non-cash assets under FAS 133FASB ASC 815) to (ii) consolidated current liabilities (excluding non-cash obligations under FAS 133 FASB ASC 815 and current maturities under this Agreement) (the “Current Ratio”) to be less than 1.0 1.00 to 1.01.00.

Appears in 1 contract

Samples: Credit Agreement (Sitio Royalties Corp.)

Current Ratio. The Borrower will not permit, as of the last day of any fiscal quarter, its ratio of (i) consolidated current assets (including the unused amount of the total Commitments, but excluding non-cash assets under FAS 133) to (ii) consolidated current liabilities (excluding non-cash obligations under FAS 133 and current maturities unused availability under this Agreement) to be less than 1.0 to 1.0. For the purposes of calculating this Ratio, current assets and current liabilities shall exclude unrealized financial derivatives.

Appears in 1 contract

Samples: Credit Agreement (Rex Energy Corp)

Current Ratio. The Borrower will not permit, as of the last day of any fiscal quarter, from and after the Effective Date, its ratio of (i) consolidated current assets (including the unused amount of the total Commitments, as appropriate, but excluding non-cash assets under FAS 133) to (ii) consolidated current liabilities (excluding (A) non-cash obligations under FAS 133 and current maturities 133, (B) mark to market hedges xxx (C) the curxxxx portion of any Debt under this Agreement) ), to be less than 1.0 to 1.01.00:1.00.

Appears in 1 contract

Samples: Credit Agreement (Gulfwest Energy Inc)

Current Ratio. The Borrower will not permit, as of the last day of any fiscal quarter, its ratio of (i) consolidated current assets (including the unused amount of the total Commitments, but excluding non-cash current assets under FAS 133) to (ii) consolidated current liabilities (excluding non-cash current obligations under FAS 133 and current maturities under this Agreement and the Second Lien term Loan Agreement) to be less than 1.0 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Kodiak Oil & Gas Corp)

Current Ratio. The Borrower will not permit, as of the last day of any fiscal quarter, its ratio of (i) consolidated current assets (including the unused amount of the total Commitments, but excluding non-cash assets under FAS 133) to (ii) consolidated current liabilities (excluding non-cash obligations under FAS 133 and that may be classified as current maturities under this Agreementliabilities) to be less than 1.0 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Bill Barrett Corp)

Current Ratio. The Borrower will not permit, as of the last day of any fiscal quarterquarter ending on or after December 31, 2017, its ratio of (i) consolidated current assets (including the unused amount of the total Commitments, but excluding non-cash assets under FAS 133ASC 815 and current plugging and abandonment restricted cash) to (ii) consolidated current liabilities (excluding non-cash obligations under FAS 133 ASC 815, current liabilities for plugging and abandonment expense and current maturities under this Agreement) to be less than 1.0 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (EnVen Energy Corp)

Current Ratio. The Borrower will not permit, as of the last day of any fiscal quarter, its ratio of (i22) consolidated current assets (including the unused amount of the total Commitments, but excluding non-cash assets under FAS 133) to (ii23) consolidated current liabilities (excluding non-cash obligations under FAS 133 and FAS 143, outstanding Letters of Credit, and current maturities under this Agreement or the Second Term Loan Agreement) to be less than 1.0 to 1.0.

Appears in 1 contract

Samples: Senior Revolving Credit Agreement (Rosetta Resources Inc.)

Current Ratio. The Commencing on September 30, 2014, the Borrower will not permit, as of the last day of any fiscal quarter, its the ratio of (i) consolidated current assets Consolidated Current Assets (including the unused amount of the total Commitments, but excluding non-cash assets under FAS 133) to (ii) consolidated current liabilities Consolidated Current Liabilities (excluding non-cash obligations under FAS 133 and current maturities under this Agreement) to be less than 1.0 to 1.01.25.

Appears in 1 contract

Samples: Credit Agreement (Baron Energy Inc.)

Current Ratio. The Borrower will not permit, as of the last day of any fiscal quarter, its ratio of (i) consolidated current assets (including the unused amount of the total Commitments, but excluding non-cash assets under FAS 133) to (ii) consolidated current liabilities (excluding (A) non-cash obligations under FAS 133 and (B) any amounts under the Bridge Credit Agreement that may be classified as current maturities under this Agreementliabilities) to be less than 1.0 to 1.0. 2.7 Amendment to Section 9.02(k). Section 9.02 is hereby amended by inserting the following Section 9.02(k):

Appears in 1 contract

Samples: Credit Agreement (Bill Barrett Corp)

Current Ratio. The Borrower will not permit, as of the last day of any fiscal quarter, its ratio of (i) consolidated current assets (including the unused amount of the total Commitments, but excluding non-cash assets under FAS 133) to (ii) consolidated current liabilities (excluding non-cash obligations under FAS 133 133, outstanding Letters of Credit, and current maturities under this Agreement or the Second Term Loan Agreement) to be less than 1.0 to 1.0.

Appears in 1 contract

Samples: Senior Revolving Credit Agreement (Rosetta Resources Inc.)

Current Ratio. The Borrower will not permit, as of the last day of any fiscal quarter, its ratio of (i) consolidated current assets (including the unused amount of the total CommitmentsCommitments (as defined in the First Lien Credit Agreement), but excluding non-cash assets under FAS 133) as of such day to (ii) consolidated current liabilities (excluding non-cash obligations under FAS 133 and current maturities unused availability under this the First Lien Credit Agreement) as of such day to be less than 1.0 to 1.0.

Appears in 1 contract

Samples: Second Lien Credit Agreement (Rex Energy Corp)

Current Ratio. The Borrower will not permit, as of the last -------------- day of any fiscal quarter, its ratio of (i) consolidated current assets (including the unused amount of the total Commitments, but excluding non-cash assets under FAS 133) to (ii) consolidated current liabilities (excluding non-cash obligations under FAS 133 and the current maturities under this Agreementportion of the Aggregate Commitment) to be less than 1.0 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (St Mary Land & Exploration Co)

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