Total Net Leverage Ratio. The Borrower will not permit the Total Net Leverage Ratio, as of the last day of each fiscal quarter (commencing with the fiscal quarter ending December 31, 2021), to be greater than the levels set forth in the following table for the applicable fiscal quarter: Fiscal QuarterTotal Net Leverage Ratio
Appears in 2 contracts
Sources: Senior Secured Credit Agreement (Battalion Oil Corp), Senior Secured Credit Agreement (Battalion Oil Corp)
Total Net Leverage Ratio. The Borrower will not permit the Total Net Leverage Ratio, as of the last day of each fiscal quarter (commencing with the fiscal quarter ending December 31, 2021), to be greater than the levels set forth in the following table for the applicable fiscal quarter: Fiscal QuarterTotal Net Leverage Ratio
Appears in 1 contract
Sources: Senior Secured Credit Agreement (Battalion Oil Corp)
Total Net Leverage Ratio. The Borrower will not permit the Total Net Leverage Ratio, Ratio as of the last day of each any fiscal quarter (commencing with the fiscal quarter ending December 31, 2021), set forth below to be greater than the levels ratio set forth in the following table for the applicable fiscal quarter: Fiscal QuarterTotal Net Leverage Ratio opposite such period below:
Appears in 1 contract
Total Net Leverage Ratio. The Borrower will shall not permit the Total Net Leverage Ratio, as of the last day of each fiscal quarter (commencing with the fiscal quarter ending December 31September 30, 20212026), to be greater than the levels set forth in the following table for the applicable fiscal quarter: Fiscal QuarterTotal Net Leverage Ratio
Appears in 1 contract
Sources: Senior Secured Credit Agreement (Battalion Oil Corp)
Total Net Leverage Ratio. The Borrower will shall not permit the Total Net Leverage Ratio, as of the last day of each fiscal quarter (commencing with the fiscal quarter ending December March 31, 20212025), to be greater than the levels set forth in the following table for the applicable fiscal quarter: Fiscal QuarterTotal Net Leverage Ratio :
Appears in 1 contract
Sources: Senior Secured Credit Agreement (Battalion Oil Corp)