Common use of Ratio of Total Debt to EBITDA Clause in Contracts

Ratio of Total Debt to EBITDA. Parent will not permit its ratio of Total Debt outstanding to EBITDA (calculated for the last four consecutive fiscal quarter period then most recently ended for which financial statements are available) to be greater than 4.00 to 1.0.

Appears in 3 contracts

Sources: Credit Agreement (Lone Pine Resources Inc.), Credit Agreement (Lone Pine Resources Inc.), Credit Agreement (Forest Oil Corp)

Ratio of Total Debt to EBITDA. Parent will not permit its ratio of Total Debt outstanding to EBITDA (calculated for the last four consecutive fiscal quarter period then most recently ended for which financial statements are available) to be greater than (i) for any period on or before June 30, 2013, 4.50 to 1.0 and (ii) for any period after June 30, 2013, 4.00 to 1.0.”

Appears in 1 contract

Sources: Credit Agreement (Lone Pine Resources Inc.)

Ratio of Total Debt to EBITDA. Parent will not permit its ratio of Total Debt outstanding to EBITDA (calculated for the last four consecutive fiscal quarter period then most recently ended for which financial statements are available) to be greater than (i) for any period on or before June 30, 2013, 5.75 to 1.0 and (ii) for any period after June 30, 2013, 4.00 to 1.0.”

Appears in 1 contract

Sources: Credit Agreement (Lone Pine Resources Inc.)