Fiscal Quarters. If Borrower should fail to deliver in a timely manner a certificate required under Section 5.02(a)(vi) hereof, then, until Borrower shall have provided such certificate, it shall be presumed that the ratio of Consolidated Total Debt as of the end of the immediately preceding fiscal quarter to Consolidated EBITDA for the immediately preceding four (4) fiscal quarters was greater than 3 (and, from the date of the delivery of such certificate, the Applicable Margin shall be determined by reference to such certificate).
Appears in 3 contracts
Samples: Loan Agreement (Superior Energy Services Inc), Loan Agreement (Superior Energy Services Inc), Loan Agreement (Superior Energy Services Inc)
Fiscal Quarters. If Borrower should fail to deliver in a timely manner a the certificate required under by Section 5.02(a)(vi8.1(a)(vii) hereofhereof within the time period set forth in Section 8.1(a)(vii), then, until Borrower shall have provided such certificate, it shall be presumed that the ratio of Consolidated Total Debt as of the end of the immediately preceding fiscal quarter to Consolidated EBITDA for the immediately preceding four (4) fiscal quarters was greater than 3 6.00 (and, from the date of the delivery of such certificate, the Applicable Margin shall be determined by reference to such certificate).
Appears in 1 contract
Samples: Revolving Credit Agreement (Halter Marine Group Inc)
Fiscal Quarters. If Borrower should fail to deliver in a timely manner a certificate required under Section 5.02(a)(vi8.1(a)(vi) hereof, then, until Borrower shall have provided such certificate, it shall be presumed that the ratio of Average Consolidated Total Debt as of the end of for the immediately preceding fiscal quarter to Consolidated EBITDA for the immediately preceding four (4) fiscal quarters was greater than 3 2.0 (and, from the date of the delivery of such certificate, the Applicable Margin shall be determined by reference to such certificate).
Appears in 1 contract
Samples: Revolving Credit Agreement (Halter Marine Group Inc)
Fiscal Quarters. If Borrower should fail to deliver in a timely manner a the certificate required under by Section 5.02(a)(vi8.1(a)(vi) hereofhereof within the time period set forth in Section 8.1(a)(vi), then, until Borrower shall have provided such certificate, it shall be presumed that the ratio of Consolidated Total Debt as of the end of the immediately preceding fiscal quarter to Consolidated EBITDA for the immediately preceding four (4) fiscal quarters was greater than 3 4.25 (and, from the date of the delivery of such certificate, the Applicable Margin shall be determined by reference to such certificate).
Appears in 1 contract
Samples: Revolving Credit Agreement (Halter Marine Group Inc)
Fiscal Quarters. If Borrower should fail to deliver in a timely manner a the certificate required under by Section 5.02(a)(vi8.1(a)(vi) hereofhereof within the time period set forth in Section 8.1(a)(vi), then, until Borrower shall have provided such certificate, it shall be presumed that the ratio of Consolidated Total Debt as of the end of the immediately preceding fiscal quarter to Consolidated EBITDA for the immediately preceding four (4) fiscal quarters was greater than 3 2.0 (and, from the date of the delivery of such certificate, the Applicable Margin shall be determined by reference to such certificate).
Appears in 1 contract
Samples: Revolving Credit Agreement (Superior Energy Services Inc)