PDP Coverage Ratio. The Borrower will not permit, as of the last day of any fiscal quarter ending on or after December 31, 2017, the PDP Coverage Ratio to be less than 1.65 to 1.00.
Appears in 2 contracts
Samples: Term Loan Credit (Rex Energy Corp), Intercreditor Agreement (Rex Energy Corp)
PDP Coverage Ratio. The Borrower will not permit, as of the last day of any fiscal quarter ending on or after December 31June 30, 2017, the PDP Coverage Ratio to be less than 1.65 1.2 to 1.001.0.
Appears in 1 contract
Samples: Credit Agreement (Us Energy Corp)
PDP Coverage Ratio. The Borrower will not permit, as of the last day of any fiscal quarter ending on or after December 31, 2017, the PDP Coverage Ratio to be less than 1.65 1.30 to 1.00.
Appears in 1 contract
Samples: Term Loan Credit Agreement (Northern Oil & Gas, Inc.)
PDP Coverage Ratio. The Borrower will not permit, as of the last day of any fiscal quarter ending on or after December 31September 30, 20172016, the PDP Coverage Ratio to be less than 1.65 to 1.00.
Appears in 1 contract
Samples: Credit Agreement (Rex Energy Corp)
