Collateral Coverage Ratios. On the date of such Loan hereunder (and after giving pro forma effect thereto), the Collateral Coverage Test shall be satisfied and the Total Collateral Coverage Ratio shall not be less than 1.0 to 1.0, in each case, on a pro forma basis.
Collateral Coverage Ratios. Company will not allow the PDP Collateral Coverage Ratio, (a) determined as of April 1, 2007 or as of the effective date of any other Engineering Report required to be delivered pursuant to Section 5.2(e) with an effective date prior to such date, to be less than 1.0 to 1.0, (b) determined as of January 1, 2008 or as of the effective date of any other Engineering Report required to be delivered pursuant to Section 5.2(e) with an effective date prior to such date, to be less than 1.25 to 1.0 or (c) determined as of the end of each July 1 and January 1 thereafter or as of the effective date of any other Engineering Report required to be delivered pursuant to Section 5.2(e) to be less than 1.5 to 1.0. Company will not allow the Proved Collateral Coverage Ratio, (a) determined as of April 1, 2007 or as of the effective date of any other Engineering Report required to be delivered pursuant to Section 5.2(e) with an effective date prior to such date, to be less than 1.75 to 1.0, (b) determined as of January 1, 2008 or as of the effective date of any other Engineering Report required to be delivered pursuant to Section 5.2(e) with an effective date prior to such date to be less than 2.0 to 1.0 or (c) determined as of the end of each July 1 and January 1 thereafter or as of the effective date of any other Engineering Report required to be delivered pursuant to Section 5.2(e) to be less than 2.25 to 1.0.
Collateral Coverage Ratios. From and after September 30, 2007, Company will not allow the PDP Collateral Coverage Ratio as of any date to be less than the ratio set out in the table below for the applicable period: Fiscal Quarter Minimum Ratio 9/30/2007 0.50x to 1.00 12/31/2007 0.60x to 1.00 3/31/2008 0.75x to 1.00 6/30/2008 0.90x to 1.00 9/30/2008 1.00x to 1.00 12/31/2008 1.10x to 1.00 3/31/2009 1.35x to 1.00 6/30/2009 1.50x to 1.00 9/30/2009 1.50x to 1.00 12/31/2009 1.50x to 1.00 Company will not allow the Proved Collateral Coverage Ratio as of any date to be less than the ratio set out in the table below for the applicable period: Fiscal Quarter Minimum Ratio 9/30/2007 1.50x to 1.00 12/31/2007 1.60x to 1.00 3/31/2008 1.75x to 1.00 6/30/2008 2.00x to 1.00 9/30/2008 2.25x to 1.00 12/31/2008 2.50x to 1.00 3/31/2009 2.50x to 1.00 6/30/2009 2.50x to 1.00 9/30/2009 2.50x to 1.00 12/31/2009 2.50x to 1.00 -70-
Collateral Coverage Ratios. PROVED DEVELOPED PRODUCING COLLATERAL COVERAGE RATIO. The Borrower will not allow the PDP Collateral Coverage Ratio, (A) determined as of December 31, 2007, to be less than 0.25:1.0, (B) determined as of the end of June 30 and December 31 of 2008, to be less than 0.5:1.0 or (C) determined as of the end of each June 30 and December 31 thereafter or as of the effective date of any other Reserve Report delivered pursuant to this Agreement., to be less than 1.0:1.0.
Collateral Coverage Ratios
