Consolidated Net Leverage Ratio. Borrower shall not permit, as of the last day of any Rolling Period, commencing with the Rolling Period ending December 31, 2022, the Consolidated Net Leverage Ratio to be greater than 3.00 to 1.00.
Appears in 2 contracts
Sources: Credit Agreement (Granite Ridge Resources, Inc.), Credit Agreement (Granite Ridge Resources, Inc.)
Consolidated Net Leverage Ratio. The Borrower shall will not permit, as of the last day of any Rolling Period, Period commencing with the Rolling Period ending December 31on June 30, 20222019, the Consolidated Net Leverage Ratio to be greater than 3.00 exceed 4.00 to 1.00.
Appears in 2 contracts
Sources: Credit Agreement (Fortis Minerals, LLC), Credit Agreement (Fortis Minerals, Inc.)
Consolidated Net Leverage Ratio. Borrower shall not permit, as of the last day of any Rolling Test Period, commencing with the Rolling Test Period ending December March 31, 20222025, the Consolidated Net Leverage Ratio to be greater than 3.00 2.50 to 1.00.
Appears in 1 contract
Sources: Credit Agreement (W&t Offshore Inc)
Consolidated Net Leverage Ratio. During any Collateral Trigger Period, the Borrower shall not permit, as of the last day of any Rolling Period, commencing with the Rolling Period ending December on March 31, 20222018, the Consolidated Net Leverage Ratio to be greater than 3.00 exceed 4.25 to 1.00.
Appears in 1 contract
Sources: Credit Agreement (WPX Energy, Inc.)