Common use of Debt Service Ratio Clause in Contracts

Debt Service Ratio. Permit, as of the close of any fiscal quarter ending on or after December 31, 1999, the ratio of (a) the sum of EBITDA for such fiscal quarter plus cash equity investments made to ▇▇▇▇▇▇▇▇-Delaware or to the Borrower within 45 days after the end of such quarter to (b) Debt Service for such fiscal quarter to be less than 1.10 to 1.00.

Appears in 1 contract

Sources: Credit Agreement (Goodrich Petroleum Corp)

Debt Service Ratio. Permit, as of the close of any each fiscal quarter ending on or after December 31, 1999, the ratio of (a) the sum of EBITDA for such fiscal quarter plus cash equity investments made to ▇▇▇▇▇▇▇▇-Delaware or to the Borrower within 45 days after the end of during such fiscal quarter to (b) Debt Service for such fiscal quarter to be less than 1.10 to 1.00.

Appears in 1 contract

Sources: Credit Agreement (Goodrich Petroleum Corp)

Debt Service Ratio. Permit, as of the close of any fiscal quarter ending on or after December 31, 1999, the ratio of (a) the sum of EBITDA for such fiscal quarter plus cash equity investments made to ▇▇▇▇▇▇▇▇-Delaware -Louisiana or to the Borrower within 45 days after the end of such quarter to (b) Debt Service for such fiscal quarter to be less than 1.10 to 1.00.

Appears in 1 contract

Sources: Credit Agreement (Goodrich Petroleum Corp)