Common use of Interest Coverage Ratio Clause in Contracts

Interest Coverage Ratio. The Borrower will not, as of the last day of any fiscal quarter, permit its ratio of EBITDA for the period of four fiscal quarters then ending to Interest Expense for such period to be less than 2.5 to 1.0.

Appears in 8 contracts

Samples: Senior Revolving Credit Agreement (Petrohawk Energy Corp), Senior Revolving Credit Agreement (Petrohawk Energy Corp), Senior Revolving Credit Agreement (Petrohawk Energy Corp)

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Interest Coverage Ratio. The Borrower will notshall not permit, as of the last day end of any each fiscal quarter, permit its beginning with the fiscal quarter ending June 30, 2010, the ratio of EBITDA for (a) the period of four fiscal quarters then ending Adjusted EBITDAX to (b) the Interest Expense for such period Expense, to be less than 2.5 3.00 to 1.01.00.

Appears in 3 contracts

Samples: Credit Agreement (Alta Mesa Holdings, LP), Credit Agreement (Alta Mesa Holdings, LP), Credit Agreement (Alta Mesa Energy LLC)

Interest Coverage Ratio. The Borrower will not, as of the last day of any fiscal quarter, permit its ratio of EBITDA EBITDAX for the period of four fiscal quarters then ending to Interest Expense for such period to be less than 2.5 to 1.0.

Appears in 3 contracts

Samples: Credit Agreement (Approach Resources Inc), Credit Agreement (Diamondback Energy, Inc.), Credit Agreement (Bill Barrett Corp)

Interest Coverage Ratio. The Borrower will not, as of the last day of any fiscal quarter, commencing with the fiscal quarter ending March 31, 2013, permit its ratio of EBITDA EBITDAX for the period of four fiscal quarters then ending to Interest Expense for such period to be less than 2.5 to 1.0.

Appears in 3 contracts

Samples: Credit Agreement, Credit Agreement (New Source Energy Partners L.P.), Credit Agreement (New Source Energy Partners L.P.)

Interest Coverage Ratio. The Borrower will not, as As of the last day of any each fiscal quarter, the Company shall not permit its the ratio of EBITDA to Interest Expense, in each case for the period of four (4) fiscal quarters then ending to Interest Expense for such period ended, to be less than 2.5 2.50 to 1.01.00.

Appears in 3 contracts

Samples: Credit Agreement (Valmont Industries Inc), Credit Agreement (Valmont Industries Inc), Credit Agreement (Valmont Industries Inc)

Interest Coverage Ratio. The Borrower will not, as of the last day of any fiscal quarterquarter ending on or after March 31, 2014 and subject to the proviso set forth in the definition of EBITDAX, permit its ratio of EBITDA EBITDAX for the period of four fiscal quarters then ending to Cash Interest Expense for such period of four fiscal quarters then ending to be less than 2.5 to 1.0.

Appears in 2 contracts

Samples: Credit Agreement (Eclipse Resources Corp), Credit Agreement (Eclipse Resources Corp)

Interest Coverage Ratio. The Borrower will not, as of the last day of any fiscal quarter, permit its ratio of EBITDA EBITDAX for the period ending on such day to Interest Expense for the period of the four fiscal quarters then ending to Interest Expense for on such period day to be less than 2.5 3.0 to 1.0.

Appears in 2 contracts

Samples: Second Lien Credit Agreement (Rex Energy Corp), Credit Agreement (Rex Energy Corp)

Interest Coverage Ratio. The Borrower will not, Not permit as of the last day of any fiscal quarter, permit its ratio of EBITDA for the period of four (4) consecutive fiscal quarters then ending of the Borrower the ratio of Consolidated EBITDA to Consolidated Interest Expense for such 12-month period to be less than 2.5 2.00 to 1.01.00.

Appears in 2 contracts

Samples: Credit Agreement (Rti International Metals Inc), Credit Agreement (Rti International Metals Inc)

Interest Coverage Ratio. The Borrower will not, as of the last day of any fiscal quarter, permit its ratio of EBITDA EBITDAX for the period of four fiscal quarters then ending to Interest Expense for such period to be less than 2.5 3.0 to 1.0.

Appears in 2 contracts

Samples: Credit Agreement (APEG Energy II, LP), Credit Agreement (Us Energy Corp)

Interest Coverage Ratio. The Borrower will not, as of the last day end of any fiscal quarter, permit its the ratio of (i) EBITDA for the any period of four consecutive fiscal quarters then ending ended on such date, to (ii) Consolidated Total Interest Expense for such period to be less than 2.5 4.50 to 1.01.00 at any time.

Appears in 2 contracts

Samples: Multicurrency Revolving Credit Agreement (Rogers Corp), Multicurrency Revolving Credit Agreement (Rogers Corp)

Interest Coverage Ratio. The Borrower will not, as of the last day of any fiscal quarterquarter (beginning with the fiscal quarter ending December 31, 2012), permit its ratio of EBITDA EBITDAX for the period of four fiscal quarters then ending to Interest Expense for such period to be less than 2.5 1.25 to 1.0.

Appears in 2 contracts

Samples: Credit Agreement (Santa Maria Energy Corp), Credit Agreement (Santa Maria Energy Corp)

Interest Coverage Ratio. The Borrower will notnot permit, as of the last day date of any fiscal quarter, permit its ratio of EBITDA for the period of four fiscal quarters then ending to Interest Expense for such period to be less than 2.5 2.50 to 1.01.00.

Appears in 2 contracts

Samples: Credit Agreement (Legacy Reserves Inc.), Credit Agreement (Legacy Reserves Lp)

Interest Coverage Ratio. The Borrower will notnot permit, as of the last day of any fiscal quarter, permit its ratio of EBITDA for the period of four fiscal quarters then ending to Interest Expense for such period to be less than 2.5 2.00 to 1.01.00.

Appears in 2 contracts

Samples: Credit Agreement (Legacy Reserves Inc.), Credit Agreement (Legacy Reserves Lp)

Interest Coverage Ratio. The Borrower will not, as of the last day of any fiscal quarter, permit its ratio of EBITDA (i) EBITDAX for the period of four fiscal quarters then ending (ii) to Cash Interest Expense for such period, commencing with the four fiscal quarter period ending December 31, 2011, to be less than 2.5 to 1.0.

Appears in 2 contracts

Samples: Credit Agreement (Quicksilver Resources Inc), Credit Agreement (Quicksilver Resources Inc)

Interest Coverage Ratio. The Borrower will not, as of the last day of any fiscal quarter, permit its ratio of EBITDA EBITDAX for the period of four fiscal quarters then ending to Interest Expense for such period to be less than 2.5 3.5 to 1.0.

Appears in 2 contracts

Samples: Credit Agreement (Energy Partners LTD), Credit Agreement (Energy Partners LTD)

Interest Coverage Ratio. The Borrower will not, as of the last day ----------------------- of any fiscal quarter, permit its ratio of EBITDA EBITDAX for the period of four fiscal quarters then ending to Interest Expense for such period to be less than 2.5 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Mission Resources Corp)

Interest Coverage Ratio. The Commencing December 31, 2008, the Borrower will not, as of the last day of any fiscal quarter, permit its ratio of EBITDA for the period of four fiscal quarters then ending EBITDAX to Interest Expense for such period to be less than 2.5 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Petro Resources Corp)

Interest Coverage Ratio. The Borrower will not, not permit the ratio as of the last day of any fiscal quarter, permit its ratio such quarter of (x) Adjusted EBITDA for the period of four fiscal quarters then Reference Period ending on such day to (y) Adjusted Cash Interest Expense for such period Reference Period to be less than 2.5 1.50 to 1.01.00.

Appears in 1 contract

Samples: The Credit Agreement (Rural Cellular Corp)

Interest Coverage Ratio. The Borrower will not, Not permit as of the last day of any fiscal quarter, permit its ratio of EBITDA for the period of four consecutive fiscal quarters then ending of the Borrower the ratio of Consolidated EBITDA to Consolidated Interest Expense for such 12-month period to be less than 2.5 2.00 to 1.01.00.

Appears in 1 contract

Samples: Credit Agreement (Rti International Metals Inc)

Interest Coverage Ratio. The Borrower will not, as of the last day of any fiscal quarterquarter beginning with the fiscal quarter ending December 31, 2007, permit its ratio of EBITDA for the period of four fiscal quarters then ending to Interest Expense for such period each four consecutive fiscal quarter period, to be less than 2.5 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Vanguard Natural Resources, LLC)

Interest Coverage Ratio. The Borrower will notshall not permit, as of September 30, 2001, and as of the last day of any each fiscal quarterquarter thereafter, permit its the ratio of EBITDA EBIT to Interest Expense, each for the period of four fiscal quarters quarter period then ending to Interest Expense for such period ended, to be less than 2.5 1.40 to 1.01.00.

Appears in 1 contract

Samples: Credit Agreement (Gold Kist Inc)

Interest Coverage Ratio. The Borrower will not, not permit the ratio as of the last day of any fiscal quarter, permit its ratio such quarter of (x) Adjusted EBITDA for the period of four fiscal quarters then Reference Period ending on such day to (y) Adjusted Cash Interest Expense for such period Reference Period to be less than 2.5 1.60 to 1.01.00.

Appears in 1 contract

Samples: Credit Agreement (Rural Cellular Corp)

Interest Coverage Ratio. The Borrower will not, as of the last day of any fiscal quarterquarter ending on or after June 30, 2011, permit its ratio of EBITDA EBITDAX for the period of four fiscal quarters then ending to Interest Expense for such period to be less than 2.5 2.0 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Trans Energy Inc)

Interest Coverage Ratio. The Borrower will not, as of the last day of any fiscal quarterquarter set forth below, permit its ratio of EBITDA (i) EBITDAX for the period of four fiscal quarters then ending to (ii) Cash Interest Expense for such period period, to be less than the ratio set forth opposite such date: Fiscal Quarter Ending Minimum Interest Coverage Ratio September 30, 2012—March 31, 2014 1.5 to 1.0 June 30, 2014 2.0 to 1.0 September 30, 2014 and thereafter 2.5 to 1.0.

Appears in 1 contract

Samples: Combined Credit Agreements (Quicksilver Resources Inc)

Interest Coverage Ratio. The Borrower will not, as of the last day of any fiscal quarterquarter commencing with the quarter ending on September 30, 2005, permit its ratio of EBITDA for the period of four fiscal quarters then ending to Interest Expense for such period to be less than 2.5 3.5 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Hercules Offshore, LLC)

Interest Coverage Ratio. The Borrower will shall not, as of at the last day end of any fiscal quarterquarter of the Borrower, permit its the ratio of EBITDA for to Interest Incurred, as calculated over the period of four preceding 4 fiscal quarters then ending to Interest Expense for such period of the Borrower, to be less than 2.5 2.25 to 1.01.00.

Appears in 1 contract

Samples: Credit Agreement (National Credit & Guaranty CORP)

Interest Coverage Ratio. The Borrower will notshall not permit, as of the last day of any fiscal quarterquarter of the Borrower, permit its the ratio of of: (i) Consolidated EBITDA for the twelve-month period of four fiscal quarters then ending on such date to (ii) Consolidated Interest Expense for such period to be less than 2.5 3.00 to 1.01.00.

Appears in 1 contract

Samples: Revolving Credit Agreement (Southdown Inc)

Interest Coverage Ratio. The Borrower will not, as of the last day of any fiscal quarter, permit commencing March 31, 2007, permits its consolidated ratio of EBITDA EBITDAX for the period of four fiscal quarters then ending on such date to Interest Expense for such period to be less than 2.5 3.0 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Teton Energy Corp)

Interest Coverage Ratio. The Borrower will not, as of the last day of any fiscal quarter, permit its ratio of EBITDA (i) EBITDAX for the period of four fiscal quarters then ending to (ii) Interest Expense for such period to be less than 2.5 to 1.0.

Appears in 1 contract

Samples: Senior Revolving Credit Agreement (Rosetta Resources Inc.)

Interest Coverage Ratio. The Borrower will not, as of the last day end of any fiscal quarter, quarter or at any time permit its the ratio of EBITDA for the period of four fiscal quarters then ending Reference Period most recently ended to Consolidated Total Interest Expense for such period Reference Period to be less than 2.5 to 1.02.00:1.00.

Appears in 1 contract

Samples: Revolving Credit Agreement (Anacomp Inc)

Interest Coverage Ratio. The Borrower will notshall not permit, as of the last day of any fiscal quarterquarter of the Borrower, permit its the ratio of of: (i) Adjusted Consolidated EBITDA for the twelve-month period of four fiscal quarters then ending on such date to (ii) Consolidated Interest Expense for such period to be less than 2.5 3.00 to 1.01.00.

Appears in 1 contract

Samples: Credit Agreement (Southdown Inc)

Interest Coverage Ratio. The Borrower Borrowers will not, as of the last day end of any fiscal quarter, permit its the ratio of (i) EBITDA for the any period of four consecutive fiscal quarters then ending ended on such date, to (ii) Consolidated Total Interest Expense for such period to be less than 2.5 3.00 to 1.01.00 at any time.

Appears in 1 contract

Samples: Multicurrency Revolving Credit Agreement (Rogers Corp)

Interest Coverage Ratio. The Borrower will not, as of the last day of any fiscal quarter, permit its ratio of EBITDA for the period of four fiscal quarters then ending EBITDAX to Interest Expense for such period to be less than 2.5 2.0 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (ABC Funding, Inc)

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Interest Coverage Ratio. The Borrower will not, as of the last day of any fiscal quarter, permit its ratio of EBITDA EBITDAX for the period of four fiscal quarters then ending to Interest Expense for such period to be less than 2.5 [2.5] to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Bargo Energy Co)

Interest Coverage Ratio. The Borrower will not, as of the last day of any fiscal quarter, quarter permit its the ratio of EBITDA Adjusted EBITDAX for the Borrower and its Consolidated Subsidiaries for the period of four fiscal quarters then ending to Interest Expense for such period to be less than 2.5 to 1.0.” Active.13964034.8 13

Appears in 1 contract

Samples: Credit Agreement (Linn Energy, LLC)

Interest Coverage Ratio. The Borrower will not, as of the last day of any fiscal quarter, permit its ratio of EBITDA (i) EBITDAX for the period of four fiscal quarters then ending (ii) to Cash Interest Expense for such period, commencing with the four fiscal quarter period ending September 30, 2011, to be less than 2.5 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Quicksilver Resources Inc)

Interest Coverage Ratio. The Borrower will not, as As of the last day of any each fiscal quarterquarter of the Borrower, the Borrower shall not permit its the ratio of EBITDA for the period four fiscal quarters of the Borrower then ended to Interest Expense for the same four fiscal quarters then ending to Interest Expense for such period ended to be less than 2.5 3.00 to 1.01.00.

Appears in 1 contract

Samples: Credit Agreement (Apac Customer Service Inc)

Interest Coverage Ratio. The Borrower will not, as of the last day of any fiscal quarter, permit its ratio of EBITDA EBITDAX for the period of four fiscal quarters then ending to Interest Expense for such period to be less than 2.5 (i) 1.25 to 1.01.00 for all fiscal quarters ending in 2007, (ii) 1.75 to 1.00 for all fiscal quarters ending in 2008 and (iii) 2.25 to 1.00 for all fiscal quarters ending thereafter.

Appears in 1 contract

Samples: Credit Agreement (Trans Energy Inc)

Interest Coverage Ratio. The On and after June 30, 2004, the Borrower will shall not, as of the last day of any each fiscal quarterquarter of the Borrower, permit its the ratio of EBITDA for the period four fiscal quarters of the Borrower then ended to Interest Expense for the same four fiscal quarters then ending to Interest Expense for such period ended to be less than 2.5 5.00 to 1.01.00.

Appears in 1 contract

Samples: Credit Agreement (Cleveland Cliffs Inc)

Interest Coverage Ratio. The Borrower will not, as of the last day of any fiscal quarter, commencing with the fiscal quarter ending September 30, 2011, permit its ratio of EBITDA EBITDAX for the period of four fiscal quarters then ending to Interest Expense for such period to be less than 2.5 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (New Source Energy Corp)

Interest Coverage Ratio. The Borrower will not, as of the last day of any fiscal quarter, permit its ratio of EBITDA for the period of four fiscal quarters then ending EBITDAX to Interest Expense for such period to be less than 2.5 3.0 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Northern Oil & Gas, Inc.)

Interest Coverage Ratio. The Borrower will not, as of the last day of not permit at any fiscal quarterquarter end beginning with the fiscal quarter ending June 30, permit 2003, its ratio of EBITDA for the period of four fiscal quarters then ending to Interest Expense for such period to be less than 2.5 to 1.0.

Appears in 1 contract

Samples: Loan Agreement (Trek Resources Inc)

Interest Coverage Ratio. The Borrower will not, as of the last day of any fiscal quarterquarter set forth below, permit its ratio of EBITDA EBITDAX for the period of four fiscal quarters then ending to Interest Expense for such period to be less than 2.5 the ratio set forth below: Fiscal Quarter; Interest Coverage Ratio 3/31/03 and thereafter 2.50 to 1.01.00.

Appears in 1 contract

Samples: Credit Agreement (Mission Resources Corp)

Interest Coverage Ratio. The Borrower will not, as of the last day of any fiscal quarterquarter ending on or after March 31, 2013, permit its ratio of EBITDA EBITDAX for the period ending on such day to Interest Expense for the period of the four fiscal quarters then ending to Interest Expense for on such period day to be less than 2.5 3.0 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Rex Energy Corp)

Interest Coverage Ratio. The Borrower will not, as of the last day of any fiscal quarter, permit its ratio of EBITDA EBITDAX for the period of four fiscal quarters then ending on such date to Interest Expense for such period four fiscal quarters to be less than 2.5 3.0 to 1.0; provided that for purposes of this Section 9.01(a), EBITDAX for (i) the four fiscal quarters ending September 30, 2012 shall equal EBITDAX for the three fiscal quarters ending on such date multiplied by four and divided by three.

Appears in 1 contract

Samples: Credit Agreement (Starboard Resources, Inc.)

Interest Coverage Ratio. The Borrower will notnot permit the ratio of (a) EBITDA to (b) Interest Expense, measured as of the last day of any fiscal quarter, permit its ratio of EBITDA calendar quarter for the twelve month period of four fiscal quarters then ending to Interest Expense for such period ended, to be less than 2.5 1.75 to 1.01.00.

Appears in 1 contract

Samples: Credit Agreement (Abraxas Petroleum Corp)

Interest Coverage Ratio. The Borrower will not, as of the last day of any fiscal quarterquarter commencing June 30, 2010, permit its ratio of EBITDA for the period EBITDAX as of four fiscal quarters then ending such date to Interest Expense for the four fiscal quarters ending on the last day of such period fiscal quarter to be less than 2.5 2.0 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Atp Oil & Gas Corp)

Interest Coverage Ratio. The Borrower will not, as of the last day of any fiscal quarter, permit its the ratio of EBITDA EBITDAX for the four (4) fiscal quarter period of four fiscal quarters then ending on such day to Consolidated Interest Expense for such period to be less than 2.5 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Energy Partners LTD)

Interest Coverage Ratio. The Borrower will notnot permit, as of the last day of any each fiscal quarter, permit its the ratio of Consolidated EBITDA to Consolidated Total Interest Expense, in each case as determined for the period of four consecutive fiscal quarters then ending to Interest Expense for of the Borrower ended on such period date, to be less than 2.5 to 1.03.00:1.00.

Appears in 1 contract

Samples: Revolving Credit Agreement (Provant Inc)

Interest Coverage Ratio. The Borrower will not, as not allow the ratio of the Company's Consolidated EBITDA for the trailing four fiscal quarter period ending on the last day of any each fiscal quarter, permit its ratio of EBITDA for beginning with the period of four fiscal quarters then quarter ending March 31, 2004, to the Company's Consolidated Interest Expense for such period to be less than 2.5 2.50 to 1.01.00.

Appears in 1 contract

Samples: Credit Agreement (Exco Resources Inc)

Interest Coverage Ratio. The Borrower will shall not, as of at the last day end of any fiscal quarterquarter of the Borrower ending on or after March 31, 2009, permit its the ratio of EBITDA for to Interest Incurred, as calculated over the period of four preceding 4 fiscal quarters then ending to Interest Expense for such period of the Borrower, to be less than 2.5 2.25 to 1.01.00.

Appears in 1 contract

Samples: Credit Agreement (Kimball Hill, Inc.)

Interest Coverage Ratio. The Borrower will notnot permit, as of the last day of any fiscal quarter, permit its ratio of EBITDA for the period of four fiscal quarters then ending to Interest Expense for such period to be less than 2.5 2.00 to 1.0.1.00. (b) A new subsection 9.01(e) is hereby added to the end of Section 9.01 to read as follows: Page 18 (e)

Appears in 1 contract

Samples: Credit Agreement

Interest Coverage Ratio. The Borrower will not, as of the last day of any fiscal quarter, permit its ratio of EBITDA EBITDAX for the period of the four fiscal quarters then ending on such day to Interest Expense for such period to be less than 2.5 3.0 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Rex Energy Corp)

Interest Coverage Ratio. The Borrower will notshall not permit, as of the last day of any fiscal quarter, permit its the ratio of EBITDA (a) EBITDAX for the period of four consecutive fiscal quarters then ending to on such date divided by (b) Interest Expense for such period of four consecutive fiscal quarters, to be less than 2.5 2.00 to 1.01.00. For the avoidance of doubt, the Borrower shall not be required to deliver calculations demonstrating compliance with this Section 9.01 other than pursuant to Section 8.01(c).

Appears in 1 contract

Samples: Credit Agreement (SM Energy Co)

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