Proved Reserves Asset Coverage Ratio. Beginning with December 31, 2013, the Issuer shall not permit the Proved Reserves Asset Coverage Ratio, as of any December 31 or June 30 set forth below, to exceed the ratio set forth below opposite such date. The Following Dates Proved Reserves Asset Coverage Ratio 12/31/13 0.40x 6/30/14 0.75x 12/31/14 1.00x 6/30/2015 1.50x Each December and June Thereafter 2.00x
Appears in 4 contracts
Samples: Note Purchase Agreement (Energy & Exploration Partners, Inc.), Note Purchase Agreement (Energy & Exploration Partners, Inc.), Note Purchase Agreement (Energy & Exploration Partners, Inc.)
