Examples of Senior Secured Funded Debt in a sentence
The Parent will not, as of any date of determination from and after the Eighth Amendment Effective Date up to and including the Covenant Relief End Date, permit its ratio of Senior Secured Funded 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 3.0 to 1.0.
Section 9.01(c) is hereby amended in its entirety as follows: (c) Ratio of Senior Secured Funded Debt to EBITDAX.
Permit or suffer the Senior Secured Funded Debt Ratio of the Company and Subsidiaries to exceed at any time: (i) 7.50:1.00 from and including June 30, 1999 through and including August 30, 1999; (ii) 5.00:1.00 from and including August 31, 1999 through and including September 29, 1999; (iii) 3.00:1.00 from and including September 30, 1999 through and including December 30, 1999; (iv) 2.50:1.00 from and including December 31, 1999 through and including June 29, 2000; or (v) 2.00:1.00 at any time thereafter.
The Parent will not, as of any date of determination from and after the Fourth Amendment Effective Date up to and including March 30, 2014, permit its ratio of Senior Secured Funded 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 3.0 to 1.0.
The Parent will not, as of any date of determination from and after the Fifth Amendment Effective Date up to and including March 30, 2015, permit its ratio of Senior Secured Funded 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 3.5 to 1.0.