Common use of Total Debt Interest Coverage Ratio Clause in Contracts

Total Debt Interest Coverage Ratio. Permit, for any period of four consecutive fiscal quarters ending after the date hereof (commencing December 31, 1997) the ratio of EBITDA to Consolidated Interest Expense of the Borrower and its Subsidiaries for such four consecutive fiscal quarters to be less than 3.0 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Meridian Resource Corp)

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Total Debt Interest Coverage Ratio. Permit, for any period of four consecutive fiscal quarters ending after the date hereof (commencing December 31hereof, 1997) the ratio of EBITDA to Consolidated Interest Expense of the Borrower and its Restricted Subsidiaries for such four consecutive fiscal quarters to be less than 3.0 2.5 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Belco Oil & Gas Corp)

Total Debt Interest Coverage Ratio. Permit, for any period of four consecutive fiscal quarters ending after the date hereof (commencing December 31hereof, 1997) the ratio of EBITDA to Consolidated Interest Expense of the Borrower and its Restricted Subsidiaries for such four consecutive fiscal quarters to be less than 3.0 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Belco Oil & Gas Corp)

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Total Debt Interest Coverage Ratio. Permit, for any period of four consecutive fiscal quarters ending after the date hereof (commencing December 31hereof, 1997) the ratio of EBITDA to Consolidated Interest Expense of the Borrower and its Subsidiaries for such four consecutive fiscal quarters to be (i) through the period ending June 30, 1999, less than 3.0 1.75 to 1.0, (ii) thereafter through the period ending June 30, 2000, less than 1.85 to 1.00, (iii) thereafter through the period ending June 30, 2001, less than 2.15 to 1.00 and (iv) thereafter, less than 2.25 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Canton Oil & Gas Co)

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