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

Ratio of Total Net Debt to EBITDAX. Beginning with the Fiscal Quarter ending September 30, 2022, the Borrower will not, as of the last day of any Fiscal Quarter, permit its ratio of Total Net Debt as of such last day to EBITDAX for the period of four Fiscal Quarters then ending on such day to exceed 3.25 to 1.00.

Ratio of Total Net Debt to EBITDAX. Beginning with the Fiscal Quarter ending September 30, 2022, the The Borrower will notnot permit, as of the last day of any Fiscal Quarterfiscal quarter (commencing with the fiscal quarter ending December 31, permit 2022) its ratio of Total Net Debt as of such the last day of such fiscal quarter to EBITDAX for the period of four Fiscal Quarters then fiscal quarters ending on the last day of such day fiscal quarter, to exceed 3.25 be greater than 3.50 to 1.00.

Ratio of Total Net Debt to EBITDAX. Beginning with the Fiscal Quarter ending September 30, 2022, the The Borrower will notnot permit, as of the last day of any Fiscal Quarterfiscal quarter (commencing with the fiscal quarter ending September 30, permit 2021) its ratio of Total Net Debt as of such the last day of such fiscal quarter to EBITDAX for the period of four Fiscal Quarters then consecutive fiscal quarters ending on the last day of such day fiscal quarter, to exceed 3.25 be greater than 3.50 to 1.00.

Ratio of Total Net Debt to EBITDAX. Beginning with the Fiscal Quarter ending September 30, 2022, the The Borrower will not, as of the last day of any Fiscal Quarterfiscal quarter ending on or after September 30, 2016, permit its ratio of Total Net Debt as of such last day date to EBITDAX for the period of four Fiscal Quarters fiscal quarters then ending on such day to exceed 3.25 be greater than 4.25 to 1.00.