Common use of Guarantor Coverage Ratio Clause in Contracts

Guarantor Coverage Ratio. As of the last day of each fiscal quarter of Holdings that occurs during a Trigger Period, Holdings shall maintain a Guarantor Coverage Ratio that is equal to or greater than 2.50 to 1.00.

Appears in 3 contracts

Samples: Credit Agreement (Nabors Industries LTD), Credit Agreement (Nabors Industries LTD), Credit Agreement (Nabors Industries LTD)

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Guarantor Coverage Ratio. As of the last day of each fiscal quarter of Holdings that occurs during a Trigger Period, Holdings shall maintain a not permit the Guarantor Coverage Ratio that is equal to or greater be less than 2.50 4.25 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Nabors Industries LTD)

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Guarantor Coverage Ratio. As of the last day of each fiscal quarter of Holdings that occurs during a Trigger Period, Holdings shall maintain a Guarantor Coverage Ratio that is equal to or greater than 2.50 4.25 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Nabors Industries LTD)

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