Annualized EBITDAX definition

Annualized EBITDAX means for each of the Rolling Periods ending December 31, 2021, March 31, 2022 and June 30, 2022, (a) EBITDAX for such Rolling Period multiplied by (b) the factor for such Rolling Period set forth in the table below:
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Annualized EBITDAX means (a) as of March 31, 2015, Consolidated EBITDAX for the fiscal quarter then ending multiplied by four; (b) as of June 30, 2015, Consolidated EBITDAX for the period of two consecutive fiscal quarters then ending multiplied by two; and (c) as of September 30, 2015, Consolidated EBITDAX for the period of three consecutive fiscal quarters then ending multiplied by four-thirds.
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Annualized EBITDAX means, for the purposes of calculating the financial ratio set forth in Section 9.01(c) for any Rolling Period ending on or prior to June 30, 2017, EBITDAX for such Rolling Period multiplied by the factor for such Rolling Period set forth in the grid below: Rolling Period Ending Factor December 31, 2016 4 March 31, 2017 2 June 30, 2017 4/3
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Examples of Annualized EBITDAX in a sentence

  • The Parent and the Borrower will not permit, as of the last day of any fiscal quarter commencing December 31, 2014, the Parent’s ratio of (i) Total Funded Debt as of such day to (ii) EBITDAX (or Annualized EBITDAX for the Rolling Periods ending on December 31, 2014, March 31, 2015, and June 30, 2015) for the Rolling Period ending on such day to be greater than 4.00 to 1.00.

  • The Parent, OP LLC and the Borrower will not, as of the last day of any Test Period (commencing with the Test Period ending March 31, 2021), permit the ratio of Total Net Debt as of such date to EBITDAX (or, in the case of the Test Periods ending on March 31, 2021, June 30, 2021 and September 30, 2021, Annualized EBITDAX), in each case for the Parent and the Consolidated Restricted Subsidiaries for the Test Period ending on such date (the “Leverage Ratio”), to be greater than 3.00 to 1.00.

  • It may be of some help to Members if I say from the Chair what I understand the effect is of these amendments.

  • The Issuer will not, as of the last day of any Fiscal Quarter, commencing with the Fiscal Quarter ending December 31, 2017, permit its ratio of Total Debt as of such time to Annualized EBITDAX to be greater than 4.0 to 1.0.

  • The Parent, OP LLC and the Borrower will not, as of the last day of any fiscal quarter commencing with the first full fiscal quarter ending after the Trigger Date, permit the ratio of Total Debt as of such time to Annualized EBITDAX to be greater than (i) 4.25 to 1.0 for the first two full fiscal quarters ending after the Trigger Date and (ii) 4.00 to 1.00 for each fiscal quarter thereafter.


More Definitions of Annualized EBITDAX

Annualized EBITDAX means (a) for the fiscal quarter ending on March 31, 2018, the sum of EBITDAX for the fiscal quarters ended December 31, 2017 and March 31, 2018 multiplied by two, (b) for the fiscal quarter ending on June 30, 2018, the sum of EBITDAX for the fiscal quarters ended December 31, 2017, March 31, 2018 and June 30, 2018 multiplied by one and one-third, and (c) for the fiscal quarter ending on September 30, 2018 and for each fiscal quarter thereafter ending on the last day of the fiscal quarter immediately preceding the date of determination for which financial statements are available, EBITDAX as of the four quarter period most recently ended.
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Annualized EBITDAX means, for the purposes of calculating the financial ratio set forth in Section 10.11(a) for each Test Period ending on or before September 30, 2021, the Borrower’s actual Consolidated EBITDAX (without giving effect to any Cure Amount received by the Borrower pursuant to Section 11.13 during such Test Period) for such Test Period multiplied by the factor determined for such Test Period in accordance with the table below: On or before March 31, 2021 4 June 30, 2021 2 September 30, 2021 4/3
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Annualized EBITDAX means, as of the last day of any fiscal quarter, (a) for the first full fiscal quarter ending after the Trigger Date, EBITDAX for such quarter multiplied by 4, (b) for the second full fiscal quarter ending after the Trigger Date, EBITDAX for the two fiscal quarter period ending on such date multiplied by 2, (c) for the third full fiscal quarter ending after the Trigger Date, EBITDAX for the three fiscal quarter period ending on such date multiplied by 4/3, and (d) for each fiscal quarter thereafter, EBITDAX for the four fiscal quarter period ending on such date.
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Annualized EBITDAX means, for the purposes of calculating the financial ratio set forth in Section 10.1(b) for (a) each Rolling Period ending on or prior to September 30, 2017 and (b) solely to the extent the Sabalo Acquisition Closing Date occurs prior to August 1, 2021, each of the Rolling Periods ending on September 30, 2021, December 31, 2021 and March 31, 2022, Borrower’s actual Consolidated EBITDAX for such Rolling Period multiplied by the factor determined for such Rolling Period in accordance with the table below: March 31, 2017 4 June 30, 2017 2 September 30, 2017 4/3 September 30, 2021 4 December 31, 2021 2 March 31, 2022 4/3
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Annualized EBITDAX means, for the purposes of calculating the Leverage Ratio as set forth in Section 9.01(b) for the fiscal quarters ending March 31, 2021, June 30, 2021 and September 30, 2021, (a) EBITDAX for the period commencing on January 1, 2021 and ending on the last day of such applicable fiscal quarter multiplied by (b) the factor for such period set forth in the table below:
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Annualized EBITDAX means, for the purposes of calculating the financial ratio set forth in Section 9.01(b) for each of the Rolling Periods ending on or prior to June 30, 2023, (a) EBITDAX for such Rolling Period multiplied by (b) the factor for such Rolling Period set forth in the table below: Rolling Period EndingFactorDecember 31, 20224March 31, 20232June 30, 20234/3
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Annualized EBITDAX means, for the purposes of calculating the financial ratios set forth in Section 9.01(a) for the Rolling Periods ending on or prior to June 30, 2015, the sum of (a) EBITDAX for such Rolling Period (without giving effect to any amounts added to Consolidated Net Income in the calculation of EBITDAX pursuant to clauses (a)(v) or (a)(vi) of the definition thereof) multiplied by the factor for such Rolling Period set forth in the table below, plus (b) any amounts added to Consolidated Net Income in the calculation of EBITDAX pursuant to clauses (a)(v) or (a)(vi) of the definition thereof for such Rolling Period: Rolling Period Ending Factor December 31, 2014 4 March 31, 2015 2 June 30, 2015 4/3
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