Common use of Total Debt Leverage Ratio Clause in Contracts

Total Debt Leverage Ratio. Permit the ratio of Indebtedness of the Borrower and its Subsidiaries as of the last day of any fiscal quarter to EBITDA for the period of four consecutive fiscal quarters then ended to be (i) through the period ending June 30, 1998, greater than 6.0 to 1.0, (ii) thereafter through the period ending June 30, 1999, greater than 5.75 to 1.00 and (iii) thereafter, greater than 5.5 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Canton Oil & Gas Co)

AutoNDA by SimpleDocs

Total Debt Leverage Ratio. Permit the ratio of Indebtedness of the Borrower and its Subsidiaries Subsidiaries, as of the last day of any fiscal quarter (commencing September 30, 2000), to EBITDA EBITDA, for the period of four consecutive fiscal quarters then ended ended, to be (i) through the period ending June 30, 1998, greater than 6.0 to 1.0, (ii) thereafter through the period ending June 30, 1999, greater than 5.75 to 1.00 and (iii) thereafter, greater than 5.5 3.25 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Meridian Resource Corp)

Total Debt Leverage Ratio. Permit the ratio of Indebtedness of the Borrower and its Subsidiaries Subsidiaries, as of the last day of any fiscal quarter (commencing September 30, 1998), to EBITDA EBITDA, for the period of four consecutive fiscal quarters then ended ended, to be (i) through the period ending June 30, 1998, greater than 6.0 to 1.0, (ii) thereafter through the period ending June 30, 1999, greater than 5.75 to 1.00 and (iii) thereafter, greater than 5.5 3.25 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Meridian Resource Corp)

Total Debt Leverage Ratio. Permit the ratio of total Indebtedness to EBITDA, determined on a consolidated basis, of the Borrower and its Subsidiaries Subsidiaries, as of the last day of any fiscal quarter to EBITDA of the Borrower, for the period of four consecutive fiscal quarters then ended ended, to be (i) through the period ending June 30, 1998, greater than 6.0 to 1.0, (ii) thereafter through the period ending June 30, 1999, greater than 5.75 to 1.00 and (iii) thereafter, greater than 5.5 3.0 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Meridian Resource Corp)

Total Debt Leverage Ratio. Permit the ratio of Indebtedness of the Borrower and its Subsidiaries as of the last day of any fiscal quarter to EBITDA for the period of four consecutive fiscal quarters then ended to be (i) through the period ending June 30, 1998, greater than 6.0 to 1.0, (ii) thereafter through the period ending June 30, 1999, greater than 5.75 to 1.00 and (iii) thereafter, greater than 5.5 3.25 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Meridian Resource Corp)

AutoNDA by SimpleDocs

Total Debt Leverage Ratio. Permit the ratio of total Indebtedness to EBITDA, determined on a consolidated basis, of the Borrower and its Subsidiaries Subsidiaries, as of the last day of any fiscal quarter to EBITDA (commencing September 30, 2002) of the Borrower, for the period of four consecutive fiscal quarters then ended ended, to be greater than (i) through the period for fiscal quarters ending June 30on or before March 31, 19982003, greater than 6.0 3.75 to 1.0, 1.0 and (ii) thereafter through the period ending June 30, 1999, greater than 5.75 to 1.00 and (iii) for any fiscal quarter thereafter, greater than 5.5 3.0 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Meridian Resource Corp)

Total Debt Leverage Ratio. Permit the ratio of Indebtedness of the Borrower and its Restricted Subsidiaries as of the last day of any fiscal quarter to EBITDA for the period of four consecutive fiscal quarters then ended to be (i) through the period ending June 30, 1998, greater than 6.0 to 1.0, (ii) thereafter through the period ending June 30, 1999, greater than 5.75 to 1.00 and (iii) thereafter, greater than 5.5 3.5 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Belco Oil & Gas Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.