Examples of Annualized Consolidated EBITDAX in a sentence
Commencing with the fiscal quarter ending March 31, 2008, the Borrower will not permit, as of the last day of any fiscal quarter, its ratio of Consolidated Total Debt (for the fiscal quarter ending on such date) to Annualized Consolidated EBITDAX to be greater than 3.5 to 1.0 for each fiscal quarter.
Commencing with the fiscal quarter ending March 31, 2006, the Borrowers will not permit, as of the last day of any fiscal quarter, their ratio of Consolidated Total Debt (for the fiscal quarter ending on such date) to Annualized Consolidated EBITDAX to be greater than 3.0 to 1.0 for each fiscal quarter.
The Borrower will not, as of the last day of any fiscal quarter commencing with the fiscal quarter ending March 31, 2013 on which any Permitted Rise Acquisition Debt remains outstanding, permit the Parent’s ratio of (i) Total Funded Debt as of such day to (ii) Consolidated EBITDAX (or Annualized Consolidated EBITDAX for the Rolling Periods ending on March 31, 2013, June 30, 2013 and September 30, 2013) for the Rolling Period ending on such day to be greater than 4.75 to 1.00.
Borrower will not permit, as of the last day of any Rolling Period ending on or after December 31, 2012, its ratio of Consolidated Total Debt as of such day to Consolidated EBITDAX (or in the case of the Rolling Periods ending on December 31, 2012, March 31, 2013 and June 30, 2013, Annualized Consolidated EBITDAX) for the Rolling Period ending on such day to be greater than 4.0 to 1.0.
The Borrower will not, as of the last day of any fiscal quarter, permit the Borrower’s ratio of (1) Consolidated EBITDAX for the Rolling Period ending on such day (or, in the case of the Rolling Period ending on September 30, 2012, Annualized Consolidated EBITDAX) to (2) Consolidated Net Interest Expense for the Rolling Period ending on such day (or, in the case of the Rolling Period ending on September 30, 2012, Annualized Consolidated Net Interest Expense) to be less than 4.00 to 1.00.