Total Debt to EBITDAX Sample Clauses

Total Debt to EBITDAX. The Borrower will not permit, as of the last day of any fiscal quarter commencing with the fiscal quarter ending June 30, 2014, its ratio of (i) total Debt of the Borrower and the Restricted Subsidiaries as of such date to (ii) EBITDAX of the Borrower and the Restricted Subsidiaries for the trailing four quarter period then ended to exceed (A) 4.50 to 1.0 for the fiscal quarter ending June 30, 2014 and for the fiscal quarter ending September 30, 2014 and (B) 4.25 to 1.0 for the fiscal quarter ending December 31, 2014 and for each fiscal quarter ending thereafter.
Sample 1Sample 2See All (6)
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Total Debt to EBITDAX. Commencing with the fiscal quarter ending June 30, 2011, the Borrower will not permit, as of the last day of any fiscal quarter, its ratio of (i) total Debt of the Borrower and the Restricted Subsidiaries as of such date to (ii) EBITDAX of the Borrower and the Restricted Subsidiaries for the trailing four quarter period then ended to exceed 4.5 to 1.0 commencing with the fiscal quarter ending June 30, 2011 through the quarter ending September 30, 2011, and 4.0 to 1.0 commencing with the quarter ending December 31, 2011 and thereafter.
Sample 1See All (4)
Total Debt to EBITDAX. The Company will not at any time create, incur, assume or suffer to exist any Total Debt of the Combined Group which exceeds in the aggregate the product of (a) 3.50 multiplied by (b) EBITDAX for the four consecutive fiscal quarters then most recently ended.
Sample 1Sample 2
Total Debt to EBITDAX. The Borrower will not permit, as of the last day of any fiscal quarter, its ratio of (i) total Debt of the Borrower and the Restricted Subsidiaries as of such date to (ii) EBITDAX of the Borrower and the Restricted Subsidiaries for the trailing four quarter period then ended (such ratio, the “Leverage Ratio”) to exceed (A) 4.5 to 1.0 for the fiscal quarters ending September 30, 2012 and December 31, 2012, (B) 4.25 to 1.0 for the fiscal quarter ending March 31, 2013 and (C) 4.0 to 1.0 for the fiscal quarter ending June 30, 2013 and for each fiscal quarter thereafter.”
Sample 1
Total Debt to EBITDAX. The Borrower will not allow its ratio of Consolidated Total Debt to Consolidated EBITDAX to be less than 4.0 to 1.0 as of the end of any calendar quarter beginning with the calendar quarter ending March 31, 2001, calculated on a trailing four-quarter basis.
Sample 1
Total Debt to EBITDAX. The Borrower will not allow its ratio of Consolidated Total Debt to Consolidated EBITDAX to be less than (i) 4.75 to 1.0 as of the end of the calendar quarters ended December 31, 1999, March 31, 2000 and June 30, 2000; (ii) 4.50 to 1.0 for the calendar quarter ended September 30, 2000; (iii) 4.25 to 1.0 for the calendar quarter ended December 31, 2000; and (iv) 4.0 to 1.0 as of the end of any calendar quarter thereafter beginning with the calendar quarter ending March 31, 2001. For each calendar quarter through June 30, 2000, EBITDAX will be annualized from October 1, 1999 through the end of the period being calculated. Thereafter, beginning September 30, 2000 the ratio shall be calculated on a trailing four-quarters basis.
Sample 1
Total Debt to EBITDAX. The Borrower shall not permit the ratio of (a) the consolidated total Debt of the Borrower as of each fiscal quarter end (but excluding any Debt attributable to permitted hedging arrangements) to (b) the consolidated EBITDAX of the Borrower for the four (4) fiscal quarter period then ended, to be greater than 3.50 to 1.00; provided that, EBITDAX will be annualized for the first three such fiscal quarters until a full four-fiscal quarter period has elapsed after the Restructuring Effective Date (e.g. first fiscal quarter period times four, two fiscal quarter period times two, etc.). ·
Sample 1
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Total Debt to EBITDAX. The Borrower will not permit, as of the last day of any fiscal quarter, its ratio of (i) total Debt of the Borrower and the Restricted Subsidiaries as of such date to (ii) EBITDAX of the Borrower and the Restricted Subsidiaries for the trailing four quarter period then ended (such ratio, the “Leverage Ratio”) to exceed (A) 4.5 to 1.0 commencing with the fiscal quarter ending June 30, 2011 through the fiscal quarter ending September 30, 2011, (B) 4.25 to 1.0 for the fiscal quarter ending December 31, 2011 and (C) 4.0 to 1.0 commencing with the fiscal quarter ending March 31, 2012 and for each fiscal quarter thereafter; provided that, if the Borrower issues Second Lien Debt or Senior Notes in an aggregate principal amount in excess of $350,000,000 or if the Baytex Acquisition Closing Date occurs, then commencing with the fiscal quarter ending June 30, 2012, the Borrower shall not permit, as of the last day of such fiscal quarter and the fiscal quarter ending September 30, 2012, its Leverage Ratio to exceed 4.5 to 1.0 and shall not permit, as of the last day of the fiscal quarter ending December 31, 2012 and each fiscal quarter thereafter, its Leverage Ratio to exceed 4.0 to 1.0.”
Sample 1

Related to Total Debt to EBITDAX

  • Total Debt to EBITDA Ratio Not permit the Total Debt to EBITDA Ratio as of the last day of any Four Fiscal Quarter Computation Period, commencing with the Four Fiscal Quarter Computation Period ending September 30, 2010, to exceed 3.00 to 1.0.

  • Funded Debt to EBITDA Section 10.2 of the Loan Agreement is hereby amended and restated in its entirety to read as follows:

  • Funded Debt to EBITDA Ratio A. Funded Debt

  • Debt to EBITDA Ratio Maintain a Debt to EBITDA Ratio, as at the end of each fiscal quarter of the Borrower, of not more than 4.0:1.0.

  • Total Debt The Company will not at any time permit Consolidated Total Debt to exceed any of the following:

  • Total Leverage Ratio The Borrowers will not permit the Total Leverage Ratio on the last day of any fiscal quarter to exceed 3.75 to 1.00.

  • Consolidated Leverage Ratio Permit the Consolidated Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 2.50 to 1.0.

  • Maximum Leverage Ratio As of the last day of each fiscal quarter, the Borrower shall not permit the ratio (the "Leverage Ratio") of (i) Consolidated Funded Indebtedness to (ii) EBITDA of the Borrower and its Subsidiaries, as at the end of and for the period of four consecutive fiscal quarters ending on such day, to be greater than (i) 2.00 to 1.00.

  • Maximum Total Leverage Ratio Permit the Total Leverage Ratio of Borrower on a Consolidated Basis, measured for each period of four consecutive fiscal quarters, on the last day of each fiscal quarter (each a “Measurement Date”), to be greater than the ratio set forth below for the corresponding period at any time: Period Ratio Closing Date through September 30, 2017 5.00:1.00 December 31, 2017 through March 31, 2018 4.75:1.00 June 30, 2018 through September 30, 2018 4.50:1.00 December 31, 2018 through March 31, 2019 4.25:1.00 June 30, 2019 and thereafter 4.00:1.00

  • Consolidated Total Leverage Ratio Permit the Consolidated Total Leverage Ratio as of the end of any fiscal quarter of Holdings to be greater than 2.50 to 1.00.

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