Ratio of Senior Secured Funded Debt to EBITDAX. The Parent will not, as of any date of determination from and after the Fourth Amendment Effective Date up to and including March 30, 2014, permit its ratio of Senior Secured Funded Debt as of such date to EBITDAX for the most recent period of four fiscal quarters for which financial statements are available to be greater than 3.0 to 1.0.
Ratio of Senior Secured Funded Debt to EBITDAX. The Parent will not, as of any date of determination from and after the Ninth Amendment Effective Date up to the Covenant Relief End Date, permit its ratio of Senior Secured Funded Debt as of such date to EBITDAX for the most recent period of four fiscal quarters for which financial statements are available to be greater than (i) for the fiscal quarters ending during 2016, 3.00 to 1.0, (ii) for the fiscal quarters ending March 31, 2017 and June 30, 2017, 3.50 to 1.0 and (iii) for the fiscal quarters ending September 30, 2017 and December 31, 2017, 4.00 to 1.0.
