First Lien Leverage Ratio. The Borrower will not permit its First Lien Leverage Ratio as of the last day of each Fiscal Quarter ending on or before June 30, 2017 to be greater than 2.50 to 1.00 and as of the last day of any Fiscal Quarter ending thereafter to be greater than 2.0 to 1.0.”
Appears in 2 contracts
Samples: Credit Agreement (W&t Offshore Inc), Credit Agreement
First Lien Leverage Ratio. The Borrower will not permit its First Lien Leverage Ratio as to be greater than 2.50 to 1.00 on the last day of the Fiscal Quarter ending March 31, 2022 and on the last day of each Fiscal Quarter ending on or before June 30, 2017 to be greater than 2.50 to 1.00 and as of the last day of any Fiscal Quarter ending thereafter to be greater than 2.0 to 1.0thereafter.”
Appears in 2 contracts
Samples: Credit Agreement (W&t Offshore Inc), Credit Agreement (W&t Offshore Inc)
First Lien Leverage Ratio. The Borrower will not permit its First Lien Leverage Ratio as of the last day of each Fiscal Quarter thereafter (commencing with the Fiscal Quarter ending on or before June 30March 31, 2017 2015) to be greater than 2.50 to 1.00 and as of the last day of any Fiscal Quarter ending thereafter to be greater than 2.0 to 1.01.00.”
Appears in 2 contracts
Samples: Credit Agreement (W&t Offshore Inc), Credit Agreement
First Lien Leverage Ratio. The Commencing with the Fiscal Quarter ending March 31, 2012, the Borrower will not permit its First Lien Leverage Ratio have, as of the last day of each Fiscal Quarter ending on or before June 30Quarter, 2017 to be a First Lien Leverage Ratio of not greater than 2.50 to 1.00 and as of the last day of any Fiscal Quarter ending thereafter to be greater than 2.0 to 1.03.50:1.00.”
Appears in 1 contract
Samples: Second Lien Credit Agreement (Magnum Hunter Resources Corp)
First Lien Leverage Ratio. The Borrower will not permit its the First Lien Leverage Ratio as of the last day of each Fiscal Quarter any fiscal quarter ending on or before after June 30, 2017 2003, and on or before December 31, 2003, to be greater than 2.50 in excess of 2.25 to 1.00 and as of the last day of any Fiscal Quarter ending thereafter to be greater than 2.0 to 1.01.00.”
Appears in 1 contract
Samples: Pierson Industries Inc
First Lien Leverage Ratio. The Neither Holdings nor the Borrower will not shall permit its the First Lien Leverage Ratio as of the last day of each Fiscal Quarter ending on or before June 30, 2017 any fiscal quarter to be greater than 2.50 to 1.00 and as of 1.00, commencing with the last day of any Fiscal Quarter fiscal quarter ending thereafter to be greater than 2.0 to 1.0March 31, 2021.”
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