Common use of Maximum Consolidated Net Leverage Ratio Clause in Contracts

Maximum Consolidated Net Leverage Ratio. Commencing with the first full fiscal quarter ending after the Closing Date, permit the Parent’s (or, if the financial statements delivered pursuant to Section 6.01(a) or Section 6.01(b) for such fiscal quarter is in respect of the Public Parent, the Public Parent’s) ratio of Consolidated Net Debt as of such day to Consolidated EBITDAX for the four fiscal quarter period ending on such day to exceed 4.00 to 1.00.

Appears in 2 contracts

Samples: Credit Agreement (Amplify Energy Corp), Credit Agreement (Amplify Energy Corp)

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Maximum Consolidated Net Leverage Ratio. Commencing with the first full fiscal quarter ending after the Closing Date, permit the Parent’s (or, if the financial statements delivered pursuant to Section 6.01(a) or Section 6.01(b) for such fiscal quarter is in respect of the Public Parent, the Public Parent’s) ratio of Consolidated Net Debt as of such day to Consolidated EBITDAX for the four fiscal quarter period ending on such day to exceed 4.00 3.00 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Amplify Energy Corp.)

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Maximum Consolidated Net Leverage Ratio. Commencing with the first full fiscal quarter ending after the Closing Date, permit the Parent’s (or, if the financial statements delivered pursuant to Section 6.01(a) or Section 6.01(b) for such fiscal quarter is in respect of the Public Parent, the Public Parent’s) ratio of Consolidated Net Debt as of such day to Consolidated EBITDAX for the four fiscal quarter period ending on such day to exceed 4.00 4.003.00 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Amplify Energy Corp.)

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