First Lien Leverage Ratio. The Borrower will not permit its First Lien Leverage Ratio as of the last day of each Fiscal Quarter thereafter (commencing with the Fiscal Quarter ending March 31, 2015) to be greater than 2.50 to 1.00.
Appears in 2 contracts
Sources: Credit Agreement (W&t Offshore Inc), Credit Agreement
First Lien Leverage Ratio. The Borrower will not permit its First Lien Leverage Ratio as to be greater than 2.50 to 1.00 on the last day of the Fiscal Quarter ending March 31, 2022 and on the last day of each Fiscal Quarter thereafter (commencing with the Fiscal Quarter ending March 31, 2015) to be greater than 2.50 to 1.00thereafter.
Appears in 2 contracts
Sources: Credit Agreement (W&t Offshore Inc), Credit Agreement (W&t Offshore Inc)
First Lien Leverage Ratio. The Neither Holdings nor the Borrower will not shall permit its the First Lien Leverage Ratio as of the last day of each Fiscal Quarter thereafter (commencing with the Fiscal Quarter ending March 31, 2015) any fiscal quarter to be greater than 2.50 to 1.00, commencing with the fiscal quarter ending March 31, 2021.
Appears in 1 contract
First Lien Leverage Ratio. The Borrower will not permit its the First Lien Leverage Ratio as of the last day of each Fiscal Quarter thereafter (commencing with the Fiscal Quarter any fiscal quarter ending March on or after June 30, 2003, and on or before December 31, 2015) 2003, to be greater than 2.50 in excess of 2.25 to 1.00.
Appears in 1 contract
First Lien Leverage Ratio. The Borrower will not permit its First Lien Leverage Ratio as of the last day of each Fiscal Quarter thereafter (commencing with the Fiscal Quarter ending March 31on or before June 30, 2015) 2017 to be greater than 2.50 to 1.001.00 and as of the last day of any Fiscal Quarter ending thereafter to be greater than 2.0 to 1.0.β
Appears in 1 contract
Sources: Credit Agreement (W&t Offshore Inc)
First Lien Leverage Ratio. The Borrower will not permit its First Lien Leverage Ratio as of the last day of each Fiscal Quarter thereafter (commencing with the Fiscal Quarter ending March 31on or before June 30, 2015) 2017 to be greater than 2.50 to 1.001.00 and as of the last day of any Fiscal Quarter ending thereafter to be greater than 2.0 to 1.0.β
(k) Amendment of Section 7.15. Section 7.15 of the Credit Agreement is amended by deleting such Section in its entirety and replacing it with the following:
Appears in 1 contract
Sources: Credit Agreement
First Lien Leverage Ratio. The Commencing with the Fiscal Quarter ending March 31, 2012, the Borrower will not permit its First Lien Leverage Ratio have, as of the last day of each Fiscal Quarter thereafter (commencing with the Fiscal Quarter ending March 31Quarter, 2015) to be a First Lien Leverage Ratio of not greater than 2.50 to 1.003.50:1.00.
Appears in 1 contract
Sources: Second Lien Term Loan Agreement (Magnum Hunter Resources Corp)