Debt to EBITDAX Ratio definition

Debt to EBITDAX Ratio means, as of any date of determination, the ratio of (i) the Total Debt of the Partnership and its consolidated Subsidiaries at such date to (ii) EBITDAX of the Partnership and its consolidated Subsidiaries for the most recent four fiscal quarter period ended prior to such date, provided that (a) in calculating such ratio for the fiscal quarter ending March 31, 2017, the EBITDAX for the four fiscal quarter period ending on such date shall be deemed to be the EBITDAX for the three months ending on March 31, 2017 multiplied by four, (b) in calculating such ratio for the fiscal quarter ending June 30, 2017, the EBITDAX for the four fiscal quarter period ending on such date shall be deemed to be the EBITDAX for the six months ending June 30, 2017, multiplied by two, and (c) in calculating such ratio for the fiscal quarter ending September 30, 2017, the EBITDAX for the four fiscal quarter period ending on such date shall be deemed to be the EBITDAX for the nine months ending September 30, 2017 multiplied by one and one-third.
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Debt to EBITDAX Ratio means, as of any date of determination, the ratio of (i) the Total Debt of the Partnership and its consolidated Subsidiaries at such date to (ii) EBITDAX of the Partnership and its consolidated Subsidiaries for the most recent four fiscal quarter period ended prior to such date, provided that (a) in calculating such ratio for the fiscal quarter ending [·], the EBITDAX for such period shall be multiplied by four, (b) in calculating such ratio for the fiscal quarter ending [·], the EBITDAX for such period shall be multiplied by two, and (c) in calculating such ratio for the fiscal quarter ending [·], the EBITDAX for such period shall be multiplied by one and one-third.
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Debt to EBITDAX Ratio means, as of the last day of any fiscal quarter, the ratio of (i) the Funded Debt on such date to (ii) EBITDAX for the four fiscal quarter period ended on such date. ​
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Examples of Debt to EBITDAX Ratio in a sentence

  • During the Amendment Period, the Borrower will not permit the Consolidated First Lien Debt to EBITDAX Ratio for any Test Period ending on the last day of each fiscal quarter of the Borrower ending during the Amendment Period to be greater than 3.00 to 1.00.

  • Commencing with the fiscal quarter ending March 31, 2017, the Borrower will not allow the Debt to EBITDAX Ratio to exceed 4.0 to 1.0 as of the end of each fiscal quarter.

  • The Borrower will not, as last day of each fiscal quarter of the Borrower commencing with the fiscal quarter ending September 30, 2022, permit the Consolidated Total Debt to EBITDAX Ratio to be greater than 3.25 to 1.00.

  • Subject to the other terms and conditions set forth herein, Administrative Agent and Banks hereby waive Borrowers’ compliance with, and any resulting Event of Default arising from Borrowers’ failure to comply with, the financial covenant set forth in Section 7.12(b) (Funded Debt to EBITDAX Ratio) solely in relation to the fiscal quarter ending September 30, 2013.

  • The difference between the forecasted program budget and the actual program expenditures is attributed to the Commercial SOP, Load Management, Commercial Rebate Pilot Program, and the Appliance Recycling Program not reaching the participation levels anticipated by EPE.

  • Borrowers have requested that Administrative Agent and Banks agree to consent to Borrowers’ non-compliance with the requirement of Section 7.12(b) (Net Debt to EBITDAX Ratio) of the Credit Agreement for the fiscal quarters ending June 30, 2015, September 30, 2015 and December 31, 2015 and then to reinstate the requirement of such section, commencing with the fiscal quarter ending March 31, 2016.

  • The Borrower will not permit the Consolidated First Lien Debt to EBITDAX Ratio forCurrent Ratio as of the last day of any Test Period ending on the last day of each fiscal quarter of the Borrower ending during the Amendment Period to be greaterless than 3.00 to 1.00.

  • Asimov (with the help of Campbell) developed a set of ethics for robots that was a major departure from the monstrous depiction of robots that had become the norm.

  • Recasts: teacher implicitly reformulates all of part of the student’s utterance (55%) 3.

  • The Borrower will not permit its Senior Secured Debt to EBITDAX Ratio as of the last day of any Test Period ending on or after March 31, 2015 but on or prior to December 31, 2016 to be greater than 2.5 to 1.0.

Related to Debt to EBITDAX Ratio

  • Debt to EBITDA Ratio means, as of the last day of any Fiscal Quarter, the ratio of

  • Total Debt to EBITDA Ratio means, as of the last day of any Fiscal Quarter, the ratio of (a) Total Debt as of such day to (b) EBITDA for the Computation Period ending on such day.

  • Funded Debt to EBITDA Ratio means on any date the ratio of (a) Total Indebtedness to (b) EBITDA for the period of four consecutive Fiscal Quarters ended on such date (or, if such date is not the last day of a Fiscal Quarter, ended on the last day of the Fiscal Quarter most recently ended prior to such date).

  • Net Debt to EBITDA Ratio means the ratio of Net Debt to EBITDA for the then most recently concluded fiscal year, subject to adjustments for Asset Dispositions and investments made during the period.

  • Senior Debt to EBITDA Ratio means, for any Four Quarter Period, the ratio of Senior Debt as at the last day of the applicable Four Quarter Period to EBITDA in respect of such Four Quarter Period.

  • Debt to Equity Ratio means the ratio of the value of liabil- ities to equity, calculated according to s. 126.28 (6) (c) 2.

  • Consolidated Total Debt to Consolidated EBITDA Ratio means, as of any date of determination, the ratio of (a) Consolidated Total Debt as of the last day of the relevant Test Period to (b) Consolidated EBITDA for such Test Period.

  • Debt to Cash Flow Ratio means, with respect to any Person as of any date of determination, the ratio of (a) the Consolidated Indebtedness of such Person as of such date, less cash and Cash Equivalents, to (b) the Consolidated Cash Flow of such Person for the four most recent full fiscal quarters ending immediately prior to such date for which internal financial statements are available. For purposes of making the computation referred to above:

  • Net Total Leverage Ratio means, on any date, the ratio of (A) (i) without duplication, the aggregate principal amount of any Consolidated Debt of the Borrower and its Subsidiaries outstanding as of the last day of the Test Period most recently ended as of such date less (ii) without duplication, the Unrestricted Cash and unrestricted Permitted Investments of the Borrower and its Subsidiaries as of the last day of such Test Period, to (B) Adjusted EBITDA for such Test Period, all determined on a consolidated basis in accordance with GAAP; provided, that the Net Total Leverage Ratio shall be determined for the relevant Test Period on a Pro Forma Basis.

  • Consolidated Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Measurement Period.

  • Leverage Ratio means, as of any date, the ratio of (i) Consolidated Total Debt as of such date to (ii) Consolidated EBITDA for the four consecutive Fiscal Quarters ending on or immediately prior to such date.

  • Net Leverage Ratio means, at any time, the ratio of (a)(i) Consolidated Total Indebtedness at such time minus (ii) the Qualified Cash Amount to (b) Consolidated EBITDA for the most recently completed period of four fiscal quarters.

  • Total Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Cash Flow Leverage Ratio means, as of any time the same is to be determined, the ratio of (a) Funded Debt as of the last day of the most recent four fiscal quarters of the Company then ended minus Excess Cash as of the last day of the same such period to (b) EBITDA for the same most recent four fiscal quarters then ended.

  • Consolidated Total Leverage Ratio means, as of any date of determination, the ratio of (x) the sum of (a) Consolidated Total Indebtedness as of such date and (b) without duplication, the Reserved Indebtedness Amount as of such date to (y) LTM EBITDA.

  • Maximum Leverage Ratio shall have the meaning assigned thereto in the Pricing Side Letter.

  • Debt Ratio as at the last day of any fiscal quarter, the ratio of (a) Consolidated Total Debt minus Designated Cash Balances on such date to (b) Consolidated EBITDA.

  • Total Net Leverage Ratio means, as of any date of determination, the ratio, on a Pro Forma Basis, of (a) Consolidated Total Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Test Period.

  • EBITDA Coverage Ratio defined as EBITDA divided by the aggregate of total interest expense plus the prior period current maturity of long-term debt and the prior period current maturity of subordinated debt.

  • EBITDAX means, for any period, the sum of Consolidated Net Income for such period plus the following expenses or charges to the extent deducted from Consolidated Net Income in such period: interest, income taxes, depreciation, depletion, amortization, exploration expenses and other similar noncash charges, minus all noncash income added to Consolidated Net Income.

  • Consolidated Total Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Debt to Capitalization Ratio means the ratio of (a) Consolidated Funded Debt to (b) Consolidated Capitalization.

  • Adjusted Leverage Ratio means, on any date of determination, the ratio of (i) Adjusted Liabilities to (ii) Tangible Net Worth.

  • Consolidated Net Leverage Ratio means, on any Transaction Date, the ratio of (a) Consolidated Funded Indebtedness as of such date minus cash and Temporary Cash Investments of the Issuers and the Restricted Subsidiaries to (b) Consolidated EBITDA for the then applicable Four Quarter Period. The Consolidated Net Leverage Ratio shall be calculated consistent with the pro forma adjustments contemplated by the numbered paragraphs included in the definition of Interest Coverage Ratio.

  • Total Debt Ratio means, at any time, the ratio of (i) Total Debt of the Company and its Subsidiaries on a combined consolidated basis as of such time to (ii) EBITDA for the four fiscal quarter period ending as of the last day of the most recently ended fiscal quarter as of such time.

  • Funded Debt Ratio means the ratio of (a) Funded Debt to (b) EBITDA.