Common use of Total Debt to EBITDAX Clause in Contracts

Total Debt to EBITDAX. Commencing with the fiscal quarter ending March 31, 2010, 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 4.5 to 1.0 commencing with the fiscal quarter ending March 31, 2010 through the quarter ended September 30, 2010, and 4.0 x 1.0 commencing with the quarter ended December 31, 2010 and thereafter.

Total Debt to EBITDAX. Commencing with the fiscal quarter ending March 31, 2010, the 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 4.5 (x) 5.25 to 1.0 commencing with for the fiscal quarter ending March 31, 2010 through the quarter ended September 30, 20102011, and 4.0 x (y) 4.75 to 1.0 commencing with the for each fiscal quarter ended December 31, 2010 and thereafter.

Total Debt to EBITDAX. Commencing with upon the fiscal quarter ending March 31, 2010first Redetermination Date, 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 4.5 to 1.0 commencing with the fiscal quarter ending March 31, 2010 first Redetermination Date through the quarter ended September June 30, 2010, and 4.0 x 1.0 commencing with the quarter ended December 31September 30, 2010 and thereafter.

Total Debt to EBITDAX. Commencing with the fiscal quarter ending March 31June 30, 20102011, 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 4.5 to 1.0 commencing with the fiscal quarter ending March 31June 30, 2010 2011 through the quarter ended ending September 30, 20102011, and 4.0 x to 1.0 commencing with the quarter ended ending December 31, 2010 2011 and thereafter.