Common use of Ratio of Consolidated Indebtedness to Consolidated Total Capitalization Clause in Contracts

Ratio of Consolidated Indebtedness to Consolidated Total Capitalization. The Borrower shall not permit the ratio of (i) Consolidated Indebtedness of the Borrower as of the last day of any fiscal quarter for which financial statements have been delivered or were required to be delivered pursuant to Section 5.01 to (ii) the Consolidated Total Capitalization as of such date to exceed 60%.

Appears in 1 contract

Samples: Credit Agreement (WPX Energy, Inc.)

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Ratio of Consolidated Indebtedness to Consolidated Total Capitalization. The Other than during a Collateral Trigger Period, the Borrower shall not permit the ratio of (i) Consolidated Indebtedness of the Borrower as of the last day of any fiscal quarter, commencing with the fiscal quarter ending March 31, 2018, for which financial statements have been delivered or were required to be delivered pursuant to Section 5.01 to (ii) the Consolidated Total Capitalization as of such date to exceed 60%.

Appears in 1 contract

Samples: Credit Agreement (WPX Energy, Inc.)

Ratio of Consolidated Indebtedness to Consolidated Total Capitalization. The Other than during a Collateral Trigger Period, the Borrower shall not permit the ratio of (i) Consolidated Indebtedness of the Borrower as of the last day of any fiscal quarter for which financial statements have been delivered or were required to be delivered pursuant to Section 5.01 to (ii) the Consolidated Total Capitalization as of such date to exceed 60%.

Appears in 1 contract

Samples: Credit Agreement (WPX Energy, Inc.)

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Ratio of Consolidated Indebtedness to Consolidated Total Capitalization. The Borrower shall not permit the ratio of (i) Consolidated Indebtedness of the Borrower as of the last day of any fiscal quarter for which financial statements have been delivered or were required to be delivered pursuant to Section 5.01 to (ii) the Consolidated Total Capitalization of the Borrower as of such date to exceed 60%.

Appears in 1 contract

Samples: Credit Agreement (WPX Energy, Inc.)

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