Common use of Debt Coverage Ratios Clause in Contracts

Debt Coverage Ratios. The Borrower shall not at any -------------------- time permit the ratio of Funded Indebtedness as of such date to cumulative EBITDAX for the four (4) fiscal quarters most recently ended for which Borrower has delivered financial statements pursuant to Section 5.01(a) or (b) to exceed 4.0 to 1.0.

Appears in 3 contracts

Samples: Credit Agreement (Pure Resources Inc), Credit Agreement (Pure Resources Inc), Credit Agreement (Pure Resources Inc)

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Debt Coverage Ratios. The Borrower shall not at any -------------------- time ---------------------------------- permit the ratio of Funded Indebtedness as of such date to cumulative EBITDAX for the four (4) fiscal quarters most recently ended for which Borrower has delivered financial statements pursuant to Section 5.01(a) or (b) to exceed 4.0 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Pure Resources Inc)

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