Total Debt to EBITDAX. The Borrower will not allow its ratio of Consolidated Total Debt to Consolidated EBITDAX to be less than 4.0 to 1.0 as of the end of any calendar quarter beginning with the calendar quarter ending March 31, 2001, calculated on a trailing four-quarter basis.
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Total Debt to EBITDAX. The Borrower will not allow its ratio of Consolidated Total Debt to Consolidated EBITDAX to be less than in excess of 4.0 to 1.0 as of the end of any calendar quarter beginning with the calendar quarter ending March 31, 20012002, calculated on a trailing four-quarter basis.
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