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

Consolidated Total Debt to Consolidated EBITDAX. Commencing with the fiscal quarter ending June 30, 2010, Parent will not permit, as of the last day of any fiscal quarter, to the extent any Borrowings are outstanding on such day, the ratio of Consolidated Total Debt (on such date) to Consolidated EBITDAX (for each Rolling Period ending on such date) or Annualized Consolidated EBITDAX for such Rolling Period in the case of Rolling Periods ending on or prior to December 31, 2010 to be greater than (i) 4.50 to 1.0 for the Rolling Periods ending on June 30, 2010, September 30, 2010, and December 31, 2010 (ii) 4.25 to 1.0 for the Rolling Periods ending on March 31, 2011, June 30, 2011 and September 30, 2011 and (iii) 4.00 to 1.0 for the Rolling Period ending on December 31, 2011 and for each Rolling Period thereafter.

Consolidated Total Debt to Consolidated EBITDAX. Commencing with the fiscal quarter ending June 30March 31, 20102007, Parent will not permit, as of the last day of any fiscal quarter, to the extent any Borrowings are outstanding on such day, the ratio of Consolidated Total Debt (for the fiscal quarter ending on such date) to Consolidated EBITDAX (for each Rolling Period ending on such date) date or Annualized Consolidated EBITDAX for such Rolling Period in the case of a Rolling Periods Period ending on or prior to December 31September 30, 2010 2007) to be greater than (i) 5.00 to 1.0 for the Rolling Period ending on ▇▇▇▇▇ ▇▇, ▇▇▇▇, (▇▇) 4.75 to 1.0 for the Rolling Period ending on June 30, 2007, (iii) 4.50 to 1.0 for the Rolling Periods Period ending on June 30, 2010, September 30, 20102007, and December 31, 2010 (iiiv) 4.25 to 1.0 for the Rolling Periods ending on March 31, 2011, June 30, 2011 and September 30, 2011 and (iii) 4.00 to 1.0 for the Rolling Period ending on December 31, 2011 2007, and (v) 4.00 to 1.0 for the Rolling Period ending on March 31, 2008 and for each Rolling Period thereafter.