Total Debt to EBITDAX Sample Clauses

Total Debt to EBITDAX. The Borrower will not permit, as of the last day of any fiscal quarter commencing with the fiscal quarter ending June 30, 2014, its ratio of (i) total Debt of the Borrower and the Restricted Subsidiaries as of such date to (ii) EBITDAX of the Borrower and the Restricted Subsidiaries for the trailing four quarter period then ended to exceed (A) 4.50 to 1.0 for the fiscal quarter ending June 30, 2014 and for the fiscal quarter ending September 30, 2014 and (B) 4.25 to 1.0 for the fiscal quarter ending December 31, 2014 and for each fiscal quarter ending thereafter.
Sample 1Sample 2See All (7)
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Total Debt to EBITDAX. The Borrower will not permit, as of the last day of any fiscal quarter, its ratio of (i) total Debt of the Borrower and the Restricted Subsidiaries as of such date to (ii) EBITDAX of the Borrower and the Restricted Subsidiaries for the trailing four quarter period then ended to exceed (x) 5.25 to 1.0 for the fiscal quarter ending September 30, 2011, and (y) 4.75 to 1.0 for each fiscal quarter thereafter.
Sample 1See All (4)
Total Debt to EBITDAX. The Company will not at any time create, incur, assume or suffer to exist any Total Debt of the Combined Group which exceeds in the aggregate the product of (a) 3.50 multiplied by (b) EBITDAX for the four consecutive fiscal quarters then most recently ended.
Sample 1Sample 2
Total Debt to EBITDAX. The Borrower will not allow its ratio of Consolidated Total Debt to Consolidated EBITDAX to be in excess of 4.0 to 1.0 as of the end of any calendar quarter beginning with the calendar quarter ending March 31, 2002, calculated on a trailing four-quarter basis.
Sample 1
Total Debt to EBITDAX. The Borrower will not allow its ratio of Consolidated Total Debt to Consolidated EBITDAX to be less than (i) 4.75 to 1.0 as of the end of the calendar quarters ended December 31, 1999, March 31, 2000 and June 30, 2000; (ii) 4.50 to 1.0 for the calendar quarter ended September 30, 2000; (iii) 4.25 to 1.0 for the calendar quarter ended December 31, 2000; and (iv) 4.0 to 1.0 as of the end of any calendar quarter thereafter beginning with the calendar quarter ending March 31, 2001. For each calendar quarter through June 30, 2000, EBITDAX will be annualized from October 1, 1999 through the end of the period being calculated. Thereafter, beginning September 30, 2000 the ratio shall be calculated on a trailing four-quarters basis.
Sample 1
Total Debt to EBITDAX. The Borrower will not permit, as of the last day of any fiscal quarter, its ratio of (i) total Debt of the Borrower and the Restricted Subsidiaries as of such date to (ii) EBITDAX of the Borrower and the Restricted Subsidiaries for the trailing four quarter period then ended (such ratio, the “Leverage Ratio”) to exceed (A) 4.75 to 1.0 for the fiscal quarter ending December 31, 2012, (B) 4.50 to 1.0 for the fiscal quarter ending March 31, 2013, (C) 4.25 to 1.0 for the fiscal quarter ending June 30, 2013 and (D) 4.25 to 1.0 for the fiscal quarter ending September 30, 2013 and for each fiscal quarter thereafter, unless, in the case of this (D) only, a Material Asset Sale shall have occurred during any such fiscal quarter in which case the Leverage Ratio shall not exceed 4.00 to 1.0 for such fiscal quarter.”
Sample 1
Total Debt to EBITDAX. The Borrower will not permit, as of the last day of any fiscal quarter, its ratio of (i) total Debt of the Borrower and the Restricted Subsidiaries as of such date to (ii) EBITDAX of the Borrower and the Restricted Subsidiaries for the trailing four quarter period then ended (such ratio, the “Leverage Ratio”) to exceed (A) 4.5 to 1.0 commencing with the fiscal quarter ending June 30, 2011 through the fiscal quarter ending September 30, 2011, (B) 4.25 to 1.0 for the fiscal quarter ending December 31, 2011 and (C) 4.0 to 1.0 commencing with the fiscal quarter ending March 31, 2012 and for each fiscal quarter thereafter; provided that, if the Borrower issues Second Lien Debt or Senior Notes in an aggregate principal amount in excess of $350,000,000 or if the Baytex Acquisition Closing Date occurs, then commencing with the fiscal quarter ending June 30, 2012, the Borrower shall not permit, as of the last day of such fiscal quarter and the fiscal quarter ending September 30, 2012, its Leverage Ratio to exceed 4.5 to 1.0 and shall not permit, as of the last day of the fiscal quarter ending December 31, 2012 and each fiscal quarter thereafter, its Leverage Ratio to exceed 4.0 to 1.0.”
Sample 1
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Total Debt to EBITDAX. The Borrower shall not permit the ratio of (a) the consolidated total Debt of the Borrower as of each fiscal quarter end (but excluding any Debt attributable to permitted hedging arrangements) to (b) the consolidated EBITDAX of the Borrower for the four (4) fiscal quarter period then ended, to be greater than 3.50 to 1.00; provided that, EBITDAX will be annualized for the first three such fiscal quarters until a full four-fiscal quarter period has elapsed after the Restructuring Effective Date (e.g. first fiscal quarter period times four, two fiscal quarter period times two, etc.). ·
Sample 1

Related to Total Debt to EBITDAX

  • Ratio of Total Debt to EBITDAX The Borrower will not, at any time, permit its ratio of Total Debt as of such time to EBITDAX for the four fiscal quarters ending on the last day of the fiscal quarter immediately preceding the date of determination for which financial statements are available to be greater than 3.5 to 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.

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

  • Funded Debt to EBITDA Ratio A. Funded Debt

  • 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.

  • Senior Debt to EBITDA Ratio Not permit the Senior Debt to EBITDA Ratio to be greater than 2.15 to 1.00 as of the end of the Company’s fiscal quarter ending on or about December 31, 2004 or the end of any fiscal quarter thereafter; such ratio to be determined in accordance with GAAP using the ratio of Senior Debt as of the end of such fiscal quarter to EBITDA for the period of four consecutive fiscal quarters of the Company then ending.

  • Total Debt Ratio The Loan Parties will not at any time permit the Total Debt Ratio to exceed 4.0 to 1.0. 10.17

  • Total Debt The Company will not at any time permit Consolidated Total Debt to exceed any of the following:

  • Total Leverage Ratio The Company will not permit the Leverage Ratio as of the last day of any fiscal quarter ending during any period set forth below to exceed the ratio set forth opposite such period: Period Ratio October 1, 2002 through and including December 31, 2002 6.85 to 1.00 January 1, 2003 through and including March 31, 2003 7.50 to 1.00 April 1, 2003 through and including September 30, 2003 7.75 to 1.00 October 1, 2003 through and including December 31, 2003 7.25 to 1.00 January 1, 2004 through and including December 31, 2004 6.50 to 1.00 January 1, 2005 and thereafter 4.00 to 1.00

  • Consolidated Leverage Ratio Permit the Consolidated Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 2.50 to 1.0.

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