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

Ratio of Total Debt to EBITDAX. The Parent Guarantor will not, at any time, permit its ratio of Total Debt as of such time to EBITDAX for the four fiscal quarters ending on the last day of the fiscal quarter immediately preceding the date of determination for which financial statements are available, beginning with the fiscal quarter ending September 30, 2012, to be greater than 4.5 to 1.0. From and after the date of the consummation of an initial public offering of the Parent Guarantor, the permitted maximum ratio of Total Debt to EBITDAX under this Section 9.01(b) shall be reduced to 4.0 to 1.0.

Ratio of Total Debt to EBITDAX. The Parent Guarantor will not, at as of the last day of any timefiscal quarter, permit its ratio of Total Debt as of such time date to EBITDAX for the four fiscal quarters ending on the last day of the fiscal quarter immediately preceding the such date of determination for which financial statements are available, beginning with the fiscal quarter ending September 30, 2012, to be greater than the following: Fiscal Quarter Ending Ratio September 30, 2010 and prior 4.5 to 1.0. From 1.0 December 31, 2010 to June 30, 2011 4.25 to 1.0 September 30, 2011 and after the date of the consummation of an initial public offering of the Parent Guarantor, the permitted maximum ratio of Total Debt to EBITDAX under this Section 9.01(b) shall be reduced to thereafter 4.0 to 1.0.

Ratio of Total Debt to EBITDAX. The Parent Guarantor will not, at as of the last day of any timefiscal quarter, permit its ratio of Total Debt as of such time date to EBITDAX for the four fiscal quarters ending on the last day of the fiscal quarter immediately preceding the such date of determination for which financial statements are available, beginning with the fiscal quarter ending September 30, 2012, to be greater than 4.5 to 1.0. From and after the date of the consummation of an initial public offering of the Parent Guarantor, the permitted maximum ratio of Total Debt to EBITDAX under this Section 9.01(b) shall be reduced to 4.0 to 1.0.

Ratio of Total Debt to EBITDAX. The Parent Guarantor will not, at as of the last day of any timefiscal quarter, permit its ratio of Total Debt as of such time date to EBITDAX for the four fiscal quarters ending on the last day of the fiscal quarter immediately preceding the such date of determination for which financial statements are available, beginning with the fiscal quarter ending September 30, 2012, to be greater than 4.5 the following: Fiscal Quarter Ending Ratio December 31, 2010 to 1.0. From December 31, 2012 4.25 to 1.0 March 31, 2013 and after the date of the consummation of an initial public offering of the Parent Guarantor, the permitted maximum ratio of Total Debt to EBITDAX under this Section 9.01(b) shall be reduced to thereafter 4.0 to 1.0.

Ratio of Total Debt to EBITDAX. The Parent Guarantor will not, at any time, permit its ratio of Total Debt as of such time to EBITDAX for the four fiscal quarters ending on the last day of the fiscal quarter immediately preceding the date of determination for which financial statements are available, beginning with the fiscal quarter ending September 30, 2012, available to be greater than 4.5 to 1.0. From and after the date of the consummation of an initial public offering of the Parent Guarantor, the permitted maximum ratio of Total Debt to EBITDAX under this Section 9.01(b) shall be reduced to 4.0 3.0 to 1.0.

Ratio of Total Debt to EBITDAX. The Parent Guarantor will not, at any time, permit its ratio of Total Debt as of such time to EBITDAX for the four fiscal quarters ending on the last day of the fiscal quarter immediately preceding the date of determination for which financial statements are available, beginning with the fiscal quarter ending September 30, 20122013, to be greater than 4.5 to 1.0. From and after the date of the consummation of an initial public offering of the Parent Guarantor, the permitted maximum ratio of Total Debt to EBITDAX under this Section 9.01(b) shall be reduced to 4.0 to 1.0.

Ratio of Total Debt to EBITDAX. The Parent Guarantor will not, at as of the last day of any timefiscal quarter, permit its ratio of Total Debt as of such time date to EBITDAX for the four fiscal quarters ending on the last day of the fiscal quarter immediately preceding the such date of determination for which financial statements are available, beginning with the fiscal quarter ending September 30, 2012, to be greater than 4.5 4.0 to 1.0. From and after ; provided, that for the date purposes of determining the consummation of an initial public offering of the Parent Guarantortotal ratio described above, if no Loans are outstanding, the permitted maximum ratio value of Total Debt to EBITDAX under this Section 9.01(b) shall be reduced to 4.0 to 1.0equal Total Net Debt.