Debt to EBITDA Ratio. The Borrower shall not permit the ratio, as of the last day of any fiscal quarter of Borrower, of (a) Borrower’s consolidated Debt on such date to (b) Borrower’s consolidated EBITDA for the four fiscal quarters most recently ended, to be greater than 3.25 to 1.00.
Appears in 3 contracts
Samples: Credit Agreement (Stone Energy Corp), Credit Agreement (Stone Energy Corp), Credit Agreement (Stone Energy Corp)
Debt to EBITDA Ratio. The As of the last day of each fiscal quarter of the Borrower, the Borrower shall not permit the ratio, as of the last day of any fiscal quarter of Borrower, of (a) Borrower’s consolidated Debt on such date to (b) Borrower’s consolidated EBITDA Ratio for the four fiscal quarters most recently ended, then ended to be greater more than 3.25 2.50 to 1.001.0.
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Debt to EBITDA Ratio. The Borrower shall not permit the ratio, as ratio of the last day of any fiscal quarter of Borrower, of 's (a) Borrower’s consolidated Debt on such date at any time to (b) Borrower’s consolidated EBITDA for the four fiscal quarters most recently ended, four-quarter-period ending on or immediately preceding such time to be greater than 3.25 to 1.00.
Appears in 1 contract
Samples: Credit Agreement (Stone Energy Corp)
Debt to EBITDA Ratio. The Borrower shall not permit the ratio, as ratio of the last day of any fiscal quarter of Borrower, of ’s (a) Borrower’s consolidated Debt on such date at any time to (b) Borrower’s consolidated EBITDA for the four fiscal quarters most recently ended, four-quarter-period ending on or immediately preceding such time to be greater than 3.25 to 1.00.
Appears in 1 contract
Samples: Credit Agreement (Stone Energy Corp)
