NPV. (i) The Borrower will not permit the ratio, determined on March 1, 2007, but as of the immediately preceding December 31 of (i) NPV to (ii) Consolidated Funded Indebtedness to be less than 1.15 to 1.00. (ii) The Borrower will not permit the ratio, determined on March 1 and September 1 of each year, but as of the immediately preceding December 31 and June 30, respectively (beginning September 1, 2007) of (i) NPV to (ii) Consolidated Funded Indebtedness to be less than 1.25 to 1.00.
Appears in 3 contracts
Sources: Senior Revolving Credit Agreement (Exco Resources Inc), Senior Term Credit Agreement (Exco Resources Inc), Senior Term Credit Agreement (Exco Resources Inc)