Total Net Indebtedness Leverage Ratio. The Borrower will not, as of the last day of each fiscal quarter set forth below, permit the ratio of Consolidated Total Net Debt as of such last day to EBITDA for the period of four fiscal quarters ending on such last day to exceed the ratio set forth below opposite such fiscal quarter:
Total Net Indebtedness Leverage Ratio. The Borrower will not permit its ratio of Consolidated Total Net Debt as of the last day each fiscal quarter set forth below to EBITDA as of such day to be greater than the ratio set forth opposite such date: September 30, 2018 4.75: 1.0 December 31, 2018 4.25: 1.0 Thereafter 4.00: 1.0”
Total Net Indebtedness Leverage Ratio. The Borrower has requested that the Majority Lenders waive, and the Majority Lenders do hereby waive, compliance with Section 9.01(a) for the fiscal quarter ending March 31, 2018.
Total Net Indebtedness Leverage Ratio. The Borrower will not, as of the last day of any fiscal quarter beginning with the fiscal quarter ending September 30, 2018, permit the ratio of Consolidated Total Net Debt as of such last day to EBITDA for the period of four fiscal quarters ending on such last day to exceed the amount set forth below for the applicable quarter ending on such date: September 30, 2018 4.75 to 1.0 December 31, 2018 5.00 to 1.0 March 31, 2019 5.00 to 1.0 June 30, 2019 5.00 to 1.0 September 30, 2019 4.25 to 1.0 December 31, 2019 and thereafter 4.00 to 1.0 provided that, for each fiscal quarter ending after the fiscal quarter in which the Borrower delivers a Midstream Asset Sale Notice, the ratio shall be 4.0 to 1.0.”
