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

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

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

Sources: Credit Agreement (Nabors Industries LTD)

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

Sources: Credit Agreement (Nabors Industries LTD)