Debt to Consolidated EBITDA Ratio. As of the end of each Fiscal Quarter, commencing September 30, 2009, the Borrower will not permit the ratio of (i) Consolidated Funded Indebtedness (other than Indebtedness permitted under Section 9.1(b)), including the Obligations, to (ii) Consolidated EBITDA, to be greater than (A) 6.5 to 1.0 for the Fiscal Quarter ending September 30, 2009, (B) 6.0 to 1.0 for the Fiscal Quarter ending December 31, 2009, (C) 5.5 to 1.0 for each Fiscal Quarter ending in the year 2010, and (D) 5.0 to 1.0 for each Fiscal Quarter thereafter; provided that Consolidated EBITDA for the Fiscal Quarters ending September 30, 2009, December 31, 2009 and March 31, 2010 shall be calculated as follows:
Appears in 2 contracts
Samples: Credit Agreement (Resaca Exploitation, Inc.), Credit Agreement (Resaca Exploitation, Inc.)
Debt to Consolidated EBITDA Ratio. As of the end of each Fiscal Quarter, commencing September 30December 31, 2009, the Borrower will not permit the ratio of (i) Consolidated Funded Indebtedness (other than Indebtedness permitted under Section 9.1(b)), including the Obligations, to (ii) Consolidated EBITDA, to be greater than (A) 6.5 to 1.0 for the Fiscal Quarter ending September 30December 31, 2009, (B) 6.0 to 1.0 for the Fiscal Quarter Quarters ending December March 31, 20092010 and June 30, 2010, (C) 5.5 to 1.0 for each the Fiscal Quarter ending in the year September 30, 2010, and (D) 5.0 to 1.0 for the Fiscal Quarter ending December 31, 2010 and each Fiscal Quarter thereafter; provided that Consolidated EBITDA for the Fiscal Quarters ending September 30December 31, 2009, December March 31, 2009 2010, and March 31June 30, 2010 shall be calculated as follows:
Appears in 2 contracts
Samples: Credit Agreement (Resaca Exploitation, Inc.), Credit Agreement (Resaca Exploitation, Inc.)
