Common use of Debt Leverage Ratio Clause in Contracts

Debt Leverage Ratio. Permit the Debt Leverage Ratio as of the last day of any fiscal quarter of EPPHC to be greater than 4.50 to 1.0, for the period of the first four consecutive fiscal quarters ended following the Closing Date, and 4.0 to 1.0 with respect to each fiscal quarter ending thereafter.

Appears in 2 contracts

Sources: Credit Agreement (El Paso Production Holding Co), Credit Agreement (El Paso Production Holding Co)