Senior Secured Debt to EBITDAX Ratio Sample Clauses

Senior Secured Debt to EBITDAX Ratio. As of the end of each Fiscal Quarter beginning June 30, 2009, the ratio of (a) the First Lien Obligations then outstanding to (b) Adjusted EBITDAX for the Four-Quarter Period then ended, will not be greater than the amount set forth below with respect to such Fiscal Quarter: Fiscal Quarter ended June 30, 2009 4.30 to 1.0 through Fiscal Quarter ended September 30, 2010 Fiscal Quarter ended December 31, 2010 4.00 to 1.0 and Fiscal Quarter ended March 31, 2011 Fiscal Quarter ended June 30, 2011 3.70 to 1.0 and Fiscal Quarter ended September 30, 2011 Fiscal Quarter ended December 31, 2011 3.45 to 1.0 and each Fiscal Quarter thereafter
Sample 1
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Senior Secured Debt to EBITDAX Ratio. The Parent will not permit, at any time, the ratio of the Credit Exposure as of such time to EBITDAX for any period of four consecutive fiscal quarters ending on or after June 30, 2015, but on or prior to March 31, 2017, for which financial statements are available, to be greater than 2.75 to 1.0.
Sample 1
Senior Secured Debt to EBITDAX Ratio. The Borrower will not permit, as of the last day of any fiscal quarter, the Senior Secured Debt to EBITDAX Ratio to exceed
Sample 1
Senior Secured Debt to EBITDAX Ratio. The Borrower will not permit its Senior Secured Debt to EBITDAX Ratio as of the last day of any Test Period ending on or after March 31, 2015 but on or prior to December 31, 2016 to be greater than 2.5 to 1.0.
Sample 1

Related to Senior Secured Debt to EBITDAX Ratio

  • Senior Secured Leverage Ratio The Borrower shall not permit the Senior Secured Leverage Ratio at the end of any Fiscal Quarter set forth below to be greater than the ratio set forth below opposite such Fiscal Quarter: Fiscal Quarter Ending Maximum Senior Secured Leverage Ratio September 30, 2017 4.75 to 1.00 December 31, 2017 4.25 to 1.00 March 31, 2018 3.75 to 1.00 June 30, 2018 3.25 to 1.00 September 30, 2018 and each Fiscal Quarter thereafter 3.00 to 1.00 (v) Section 8.01(e) of the Credit Agreement is hereby amended to read as follows:

  • Consolidated Senior Secured Leverage Ratio As of any fiscal quarter end, permit the Consolidated Senior Secured Leverage Ratio to be greater than 1.25 to 1.00.

  • Funded Debt to EBITDA Ratio To maintain on a consolidated basis a ratio of Funded Debt to EBITDA not exceeding 2.0:1.0.

  • Total Debt to EBITDA Ratio The Total Debt to EBITDA Ratio will not exceed 4.0 to 1.0 at the end of any fiscal quarter.

  • Debt to EBITDA Ratio Maintain, as of the end of each fiscal quarter, a ratio of (i) Debt, excluding Debt in respect of Hedge Agreements, as of such date to (ii) Consolidated EBITDA of the Company and its Consolidated Subsidiaries for the period of four fiscal quarters most recently ended, of not greater than 4.0 to 1.0.

  • Funded Debt to EBITDA Section 10.2 of the Loan Agreement is hereby amended and restated in its entirety to read as follows:

  • Leverage Ratio The Borrower will not permit the Leverage Ratio to exceed 4.50 to 1.0 on the last day of any Fiscal Quarter.

  • Total Debt The total Debt of all Consolidated Subsidiaries of the Borrower, excluding the Debt, if any, owed by such Consolidated Subsidiaries to the Borrower or another Consolidated Subsidiary of the Borrower, will at no time exceed an amount equal to $500,000,000 (or the Exchange Equivalent thereof).

  • Senior Leverage Ratio The Borrower shall not permit its Senior Leverage Ratio at any time to exceed 2.75 to 1.00.

  • Maximum Senior Leverage Ratio Permit the Senior Leverage Ratio on the last day of any fiscal quarter during any period set forth below to be greater than the ratio set forth opposite such date or period below: Period Ratio ------ ----- September 30, 2001 2.50:1.0 December 31, 2001 2.00:1.0 March 31, 2002 through June 30, 2002 2.50:1.0 September 30, 2002 2.00:1.0 December 31, 2002 1.50:1.0 March 31, 2003 through June 30, 2003 2.00:1.0 September 30, 2003 1.50:1.0 December 31, 2003 and thereafter 1.25:1.0

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