Common use of Principal Subsidiaries Clause in Contracts

Principal Subsidiaries. Permit the combined EBITDAX of the Borrower and the Principal Subsidiaries to be less than 80% of the consolidated EBITDAX of the Borrower and its Subsidiaries as shown on the most recent consolidated income statement required to be delivered to the Banks pursuant to Section 5.01(b).

Principal Subsidiaries. Permit the combined EBITDAX of the Borrower and the Principal Subsidiaries to be less than 80% of the consolidated EBITDAX of the Borrower and its Subsidiaries as shown on the most recent consolidated income statement balance sheet required to be delivered to the Banks pursuant to Section 5.01(b5.01(c).

Principal Subsidiaries. Permit the combined EBITDAX of the Borrower and the Principal Subsidiaries to be less than 80% of the consolidated EBITDAX of the Borrower and its Subsidiaries as shown on the most recent consolidated income statement balance sheet required to be delivered to the Banks pursuant to Section 5.01(bSECTION 5.01(C).

Principal Subsidiaries. Permit the combined EBITDAX of the Borrower Company and the Principal Subsidiaries to be less than 80% of the consolidated EBITDAX of the Borrower Company and its Subsidiaries as shown on the most recent consolidated income statement required to be delivered to the Banks pursuant to Section 5.01(b).

Principal Subsidiaries. Permit the combined EBITDAX of the Borrower and the Principal Subsidiaries to be less than 80% of the consolidated EBITDAX of the Borrower and its Subsidiaries as shown on the most recent consolidated income statement balance sheet required to be delivered to the Banks pursuant to Section 5.01(b).