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.
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Samples: Revolving Credit Agreement (Diversified Energy Co PLC), Revolving Credit Agreement (Diversified Energy Co PLC)
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.
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Samples: Credit Agreement (Rex Energy Corp)
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.
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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 2024) 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 to 1.00.be greater than the ratio set forth opposite such date below: -3-
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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.
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Samples: Fifth Amended and Restated Credit Agreement (Vital Energy, Inc.)
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 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 be greater than (i) 3.00:1.00 with respect to 1.00the Fiscal Quarter ending March 31, 2025, (ii) 2.75:1.00 with respect to the Fiscal Quarter ending June 30, 2025, and (iii) 2.50:1.00 with respect to any Fiscal Quarter thereafter.
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