Common use of Ratio of Total Debt to EBITDAX Clause in Contracts

Ratio of Total Debt to EBITDAX. The Parent Guarantor will not, as of the last day of any fiscal quarter, permit its ratio of (i) Total Debt as of such date, net of (a) all unrestricted cash of the Parent Guarantor, the Borrower and its Restricted Subsidiaries if no amounts were drawn under this Agreement as of such date or (b) all unrestricted cash of the Parent Guarantor, the Borrower and its Restricted Subsidiaries but not more than $50.0 million if any amounts were drawn under this Agreement as of such date, to (ii) EBITDAX for the four fiscal quarters ending on such date, to be greater than 4.0 to 1.0.

Ratio of Total Debt to EBITDAX. The Parent Guarantor will not, as of the last day of any fiscal quarter, permit its ratio of (i) Total Debt as of such date, date net of (a) all unrestricted cash of the Parent Guarantor, the Borrower Guarantor and its Restricted Subsidiaries if no amounts were drawn under this Agreement as of such date or (bB) all unrestricted cash of the Parent Guarantor, the Borrower Guarantor and its Restricted Subsidiaries but not more than $50.0 50 million if any amounts were drawn under this Agreement as of such date, date to (ii) EBITDAX for the four fiscal quarters ending on such date, to be greater than 4.0 to 1.01.0.129 129 Section 9.01(a) amended by Fifth Amendment.

Ratio of Total Debt to EBITDAX. The Parent Guarantor will not, as of the last day of any fiscal quarter, permit its ratio of (i) Total Debt as of such date, net of (aA) all unrestricted cash of the Parent Guarantor, the Borrower and its Restricted Subsidiaries if no amounts were drawn under this Agreement as of such date or (bB) all unrestricted cash of the Parent Guarantor, the Borrower and its Restricted Subsidiaries but not more than $50.0 million if any amounts were drawn under this Agreement as of such date, to (ii) EBITDAX for the four fiscal quarters ending on such date, to be greater than 4.0 to 1.0.. US 9364157v.4 WEL554/78009

Ratio of Total Debt to EBITDAX. The Parent Guarantor will not, as of the last day of any fiscal quarter, permit its ratio of (i) Total Debt as of such date, date net of (aA) all unrestricted cash of the Parent Guarantor, the Borrower and its Restricted Subsidiaries if no amounts were drawn under this Agreement as of such date or (bB) all unrestricted cash of the Parent Guarantor, the Borrower and its Restricted Subsidiaries but not more than $50.0 15 million if any amounts were drawn under this Agreement as of such date, date to (ii) EBITDAX for the four fiscal quarters ending on such date, to be greater than 4.0 to 1.0.

Ratio of Total Debt to EBITDAX. The Parent Guarantor will not, as of the last day of any fiscal quarter, permit its ratio of (i) Total Debt as of such date, date net of (aA) all unrestricted cash of the Parent Guarantor, the Borrower Guarantor and its Restricted Subsidiaries if no amounts were drawn under this Agreement as of such date or (bB) all unrestricted cash of the Parent Guarantor, the Borrower Guarantor and its Restricted Subsidiaries but not more than $50.0 50 million if any amounts were drawn under this Agreement as of such date, date to (ii) EBITDAX for the four fiscal quarters ending on such date, to be greater than 4.0 to 1.0.”