Common use of Interest Cover Ratio Clause in Contracts

Interest Cover Ratio. The Company undertakes that on each Calculation Date the ratio of EBITDAX of the Group to the Net Interest Payable of the Group for the Measurement Period shall be greater than or equal to 2.25 : 1.00.

Appears in 6 contracts

Samples: Agreement (Kosmos Energy Ltd.), Charge Over (Kosmos Energy Ltd.), Credit Facility Agreement (Kosmos Energy Ltd.)

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Interest Cover Ratio. The Company undertakes that on each Calculation Date the ratio of EBITDAX of the Group to the Net Interest Payable of the Group for the Measurement Period shall be greater than or equal to 2.25 : 1.002.25:1.00.

Appears in 2 contracts

Samples: Agreement (Kosmos Energy Ltd.), Kosmos Energy Ltd.

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