Common use of Ratio of EBITDAX to Interest Expense Clause in Contracts

Ratio of EBITDAX to Interest Expense. The Parent, OP LLC and the Borrower will not, as of the last day of any fiscal quarter, permit the ratio of (i) EBITDAX for the four fiscal quarter period ending on such date to (ii) Interest Expense for the four fiscal quarter period ending on such date to be less than 2.5 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Oasis Petroleum Inc.)

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Ratio of EBITDAX to Interest Expense. The Parent, OP LLC and the Borrower will not, as of the last day of any fiscal quarter, permit the ratio of (ib) EBITDAX for the four fiscal quarter period ending on such date to (iic) Interest Expense for the four fiscal quarter period ending on such date to be less than 2.5 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Oasis Petroleum Inc.)

Ratio of EBITDAX to Interest Expense. The Parent, OP LLC Parent and the Borrower will not, as of the last day of any fiscal quarter, permit the ratio of (i) EBITDAX for the four fiscal quarter period quarters ending on such date day to (ii) Interest Expense for the four fiscal quarter period quarters ending on such date day to be less than 2.5 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Oasis Petroleum Inc.)

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Ratio of EBITDAX to Interest Expense. The Parent, OP LLC and the Borrower will not, as of the last day of any fiscal quarter, permit the ratio of (i) EBITDAX for the four fiscal quarter period quarters ending on such date day to (ii) Interest Expense for the four fiscal quarter period quarters ending on such date day to be less than 2.5 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Oasis Petroleum Inc.)

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