Common use of Ratio of Total Debt to EBITDAX Clause in Contracts

Ratio of Total Debt to EBITDAX. The Parent will not, as of any date of determination, permit its ratio of Total Debt as of such date to EBITDAX for the most recent period of four fiscal quarters for which financial statements are available to be greater than 4.0 to 1.0.

Appears in 3 contracts

Samples: Credit Agreement (EV Energy Partners, LP), Credit Agreement (EV Energy Partners, LP), Credit Agreement (EV Energy Partners, LP)

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Ratio of Total Debt to EBITDAX. The Parent will not, as of the last day of any date of determinationfiscal quarter, permit its the ratio of Total Debt as of such date to EBITDAX for the most recent period of four fiscal quarters for which financial statements are available ending on such date to be greater than 4.0 4.00 to 1.0.

Appears in 3 contracts

Samples: Credit Agreement (Gran Tierra Energy Inc.), Credit Agreement (Gran Tierra Energy Inc.), Credit Agreement (Gran Tierra Energy Inc.)

Ratio of Total Debt to EBITDAX. The Parent will not, as of at any date of determinationtime, permit its ratio of Total Debt as of such date time to EBITDAX for the most recent period of four fiscal quarters ending on the last day of the fiscal quarter immediately preceding the date of determination for which financial statements are available to be greater than 4.0 3.0 to 1.0.

Appears in 2 contracts

Samples: Credit Agreement (McMoran Exploration Co /De/), Credit Agreement (Petroquest Energy Inc)

Ratio of Total Debt to EBITDAX. The Parent will not, as of any date of determinationdetermination from and after March 31, 2014, permit its ratio of Total Debt as of such date to EBITDAX for the most recent period of four fiscal quarters for which financial statements are available to be greater than 4.0 4.25 to 1.0.

Appears in 2 contracts

Samples: Credit Agreement (EV Energy Partners, LP), Credit Agreement

Ratio of Total Debt to EBITDAX. The Parent and the Borrower will not, as of at any date of determinationtime, permit its the ratio of Total Debt as of such date time to EBITDAX for the most recent period of four fiscal quarters ending on the last day of the fiscal quarter immediately preceding the date of determination for which financial statements are available to be greater than 4.0 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Oasis Petroleum Inc.)

Ratio of Total Debt to EBITDAX. The Parent will not, as of at any date of determinationtime, permit its the ratio of Total Debt as of such date time to EBITDAX for the most recent period of four fiscal quarters ending on the last day of the fiscal quarter immediately preceding the date of determination for which financial statements are available have been delivered to the Administrative Agent hereunder to be greater than 4.0 2.75 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Gran Tierra Energy, Inc.)

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Ratio of Total Debt to EBITDAX. The Parent will not, as of at any date of determinationtime, permit its the ratio of Total Debt as of such date time to EBITDAX for the most recent period of four fiscal quarters ending on the last day of the fiscal quarter immediately preceding the date of determination for which financial statements are available have been delivered to the Administrative Agent hereunder to be greater than 4.0 3.00 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Gran Tierra Energy Inc.)

Ratio of Total Debt to EBITDAX. The Parent will not, as of any date of determinationdetermination from and after March 31, 2015, permit its ratio of Total Debt as of such date to EBITDAX for the most recent period of four fiscal quarters for which financial statements are available to be greater than 4.0 4.25 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (EV Energy Partners, LP)

Ratio of Total Debt to EBITDAX. The Parent will not, as of any date of determination, permit its ratio of Total Debt as of such date to EBITDAX for the most recent period of four fiscal quarters for which financial statements are available to be greater than 4.0 4.25 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (EV Energy Partners, LP)

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