Common use of LIBOR Interest Periods Clause in Contracts

LIBOR Interest Periods. At the time the Borrower gives a Notice of Borrowing or Notice of Conversion or Continuation in respect of the making of, or conversion into or continuation as, a Borrowing of LIBOR Loans in accordance with Section 2.3(a) or Section 2.6(a), the Borrower shall have the right to elect, by giving the Administrative Agent written notice (or telephonic notice promptly confirmed in writing), the Interest Period applicable to such Borrowing, which Interest Period shall, at the option of the Borrower be a one, two, three, six or (if available to all the Lenders making such Loans as determined by such Lenders in good faith), nine or twelve month period; provided that the initial Interest Period may be for a period of less than one month if agreed upon by the Borrower and the Administrative Agent. Notwithstanding anything to the contrary contained above: (a) the initial Interest Period for any Borrowing of LIBOR Loans shall commence on the date of such Borrowing (including the date of any conversion from a Borrowing of ABR Loans) and each Interest Period occurring thereafter in respect of such Borrowing shall commence on the day on which the next preceding Interest Period expires; (b) if any Interest Period relating to a Borrowing of LIBOR Loans begins on the last Business Day of a calendar month or begins on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period, such Interest Period shall end on the last Business Day of the calendar month at the end of such Interest Period; (c) if any Interest Period would otherwise expire on a day that is not a Business Day, such Interest Period shall expire on the next succeeding Business Day, provided that if any Interest Period in respect of a LIBOR Loan would otherwise expire on a day that is not a Business Day but is a day of the month after which no further Business Day occurs in such month, such Interest Period shall expire on the next preceding Business Day; and (d) the Borrower shall not be entitled to elect any Interest Period in respect of any LIBOR Loan if such Interest Period would extend beyond the applicable Maturity Date of such Loan.

LIBOR Interest Periods. At the time the Borrower gives Each LIBOR Loan may be obtained for a Notice of Borrowing or Notice of Conversion or Continuation in respect of the making ofone (1), two (2), three (3), or conversion into or continuation assix (6) month period or, a Borrowing of LIBOR Loans in accordance with Section 2.3(a) or Section 2.6(a), the Borrower shall have the right to elect, by giving the Administrative Agent written notice (or telephonic notice promptly confirmed in writing), the Interest Period applicable to such Borrowing, which Interest Period shall, at the option of the Borrower be a one, two, three, six or (if available to all Lenders under the Lenders making such Loans as determined by such Lenders in good faith)applicable facility, nine (9) or twelve 12 month period; provided that the initial period (each such period being an “LIBOR Interest Period may be for a period of less than one month if agreed upon by the Borrower and the Administrative AgentPeriod”). Notwithstanding anything With respect to the contrary contained aboveall LIBOR Loans: (ai) the initial LIBOR Interest Period for any Borrowing of LIBOR Loans shall will commence on the date of such Borrowing (including that the LIBOR Loan is made or the date on which any portion of any conversion from Base Rate Loan is converted into a Borrowing LIBOR Loan, or, in the case of ABR Loans) and immediately successive LIBOR Interest Periods, each successive LIBOR Interest Period occurring thereafter in respect of such Borrowing shall commence on the day on which the next immediately preceding LIBOR Interest Period expires; (bii) if any Interest Period relating to a Borrowing of the LIBOR Loans begins on the last Business Day of a calendar month or begins on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period, such Interest Period shall end on the last Business Day of the calendar month at the end of such Interest Period; (c) if any Interest Period would otherwise expire on a day that is not a Business Day, such Interest Period shall then it will expire on the next succeeding Business Day; provided, provided that if any LIBOR Interest Period in respect of a LIBOR Loan would otherwise expire on a day that is not a Business Day but and such day is a day of the month after which no further last Business Day occurs in such of a calendar month, such LIBOR Interest Period shall expire on the Business Day next preceding such day; (iii) any LIBOR Interest Period that begins on the last Business DayDay of a calendar month or on a day for which there is no numerically corresponding day in the last calendar month in such LIBOR Interest Period shall end on the last Business Day of the last calendar month in such LIBOR Interest Period; and (div) the Borrower shall not be entitled to elect any no LIBOR Interest Period shall be selected under any Term Loan Facility if, in respect order to make scheduled repayments of such Term Loan required pursuant to Subsection 1.6(A)(ii), (iii) or (iv), repayment of all or any portion of the LIBOR Loan if prior to the expiration of such Interest Period would extend be necessary; and (v) no LIBOR Interest Period shall be selected under the Revolver Facility that extends beyond the date set forth in clause (B) of the definition of Revolver Expiration Date, and no LIBOR Interest Period shall be selected under any Term Loan Facility that extends beyond the date set forth in clause (B) of the definition of applicable Term Loan Maturity Date of such LoanDate.

LIBOR Interest Periods. At the time the Borrower gives a Notice of Borrowing or Notice of Conversion or Continuation in respect of the making of, or conversion into or continuation as, a Borrowing of In connection with each LIBOR Loans in accordance with Section 2.3(a) or Section 2.6(a)Rate Loan, the Borrower shall have the right to electBorrower, by giving notice at the Administrative Agent written notice (or telephonic notice promptly confirmed times described in writingSection 5.1(a), the shall elect an interest period (each, a "LIBOR Interest Period Period") to be applicable to such BorrowingLoan, which LIBOR Interest Period shall, at the option of the Borrower shall be a one, two, three, six or (if available to all the Lenders making such Loans as determined by such Lenders in good faith), nine or twelve month period; provided that the initial Interest Period may be for a period of less than one month if agreed upon by the Borrower and the Administrative Agent. Notwithstanding anything (1), two (2), three (3), or six (6) months with respect to the contrary contained aboveeach LIBOR Rate Loan; PROVIDED that: (aA) the initial LIBOR Interest Period for any Borrowing of LIBOR Loans shall commence on the date of such Borrowing (including advance of or conversion to any LIBOR Rate Loan and, in the date case of any conversion from a Borrowing of ABR Loans) and immediately successive LIBOR Interest Periods, each successive LIBOR Interest Period occurring thereafter in respect of such Borrowing shall commence on the day date on which the next preceding LIBOR Interest Period expires; (bB) if any Interest Period relating to a Borrowing of LIBOR Loans begins on the last Business Day of a calendar month or begins on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period, such Interest Period shall end on the last Business Day of the calendar month at the end of such Interest Period; (c) if any Interest Period would otherwise expire on a day that is not a Business Day, such LIBOR Interest Period shall expire on the next succeeding Business Day; PROVIDED, provided that if any LIBOR Interest Period in with respect of to a LIBOR Rate Loan would otherwise expire on a day that is not a Business Day but is a day of the month after which no further Business Day occurs in such month, such LIBOR Interest Period shall expire on the next preceding Business Day; (C) any LIBOR Interest Period with respect to a LIBOR Rate Loan that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such LIBOR Interest Period) shall end on the last Business Day of the relevant calendar month at the end of such LIBOR Interest Period; (D) no LIBOR Interest Period shall extend beyond the Revolving Credit Maturity Date or if pursuant to Section 5.3(b)(iii) the Term Loan becomes a LIBOR Rate Loan, the Term Loan Maturity Date and LIBOR Interest Periods shall be selected by the Borrower so as to permit the Borrower to make mandatory reductions of the Revolving Credit Commitment pursuant to Section 2.5(b) without payment of any amounts pursuant to Section 5.10; and (dE) the Borrower there shall not be entitled to elect no more than five (5) LIBOR Interest Periods outstanding at any Interest Period in respect of any LIBOR Loan if such Interest Period would extend beyond the applicable Maturity Date of such Loantime.

LIBOR Interest Periods. At the time the Borrower gives Each LIBOR Loan may be obtained for a Notice of Borrowing or Notice of Conversion or Continuation in respect of the making ofone (1), two (2), three (3), or conversion into or continuation assix (6) month period or, a Borrowing of LIBOR Loans in accordance with Section 2.3(a) or Section 2.6(a), the Borrower shall have the right to elect, by giving the Administrative Agent written notice (or telephonic notice promptly confirmed in writing), the Interest Period applicable to such Borrowing, which Interest Period shall, at the option of the Borrower be a one, two, three, six or (if available to all Lenders under the Lenders making such Loans as determined by such Lenders in good faith)applicable facility, nine (9) or twelve 12 month period; provided that the initial period (each such period being a "LIBOR Interest Period may be for a period of less than one month if agreed upon by the Borrower and the Administrative AgentPeriod"). Notwithstanding anything With respect to the contrary contained aboveall LIBOR Loans: (a1) the initial LIBOR Interest Period for any Borrowing of LIBOR Loans shall will commence on the date of such Borrowing (including that the LIBOR Loan is made or the date on which any portion of any conversion from Base Rate Loan is converted into a Borrowing LIBOR Loan, or, in the case of ABR Loans) and immediately successive LIBOR Interest Periods, each successive LIBOR Interest Period occurring thereafter in respect of such Borrowing shall commence on the day on which the next immediately preceding LIBOR Interest Period expires; (b2) if any Interest Period relating to a Borrowing of the LIBOR Loans begins on the last Business Day of a calendar month or begins on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period, such Interest Period shall end on the last Business Day of the calendar month at the end of such Interest Period; (c) if any Interest Period would otherwise expire on a day that is not a Business Day, such Interest Period shall then it will expire on the next succeeding Business Day; provided, provided that if any LIBOR Interest Period in respect of a LIBOR Loan would otherwise expire on a day that is not a Business Day but and such day is a day of the calendar month after which no further Business Day occurs in such month, such LIBOR Interest Period shall expire on the Business Day next preceding such day; (3) any LIBOR Interest Period that begins on the last Business DayDay of a calendar month or on a day for which there is no numerically corresponding day in the last calendar month in such LIBOR Interest Period shall end on the last Business Day of the last calendar month in such LIBOR Interest Period; and Credit Agreement/Shenandoah Telecommunications Company (4) no LIBOR Interest Period shall be selected under any Term Loan Facility if, in order to make scheduled repayments of such Term Loan required pursuant to Subsection 1.6(A)(ii) or (iv), repayment of all or any portion of the LIBOR Loan prior to the expiration of such LIBOR Interest Period would be necessary; and (d5) the Borrower shall not be entitled to elect any no LIBOR Interest Period shall be selected under the Revolver Facility that extends beyond the date set forth in respect clause (B) of any the definition of Revolver Expiration Date, and no LIBOR Loan if such Interest Period would extend shall be selected under any Term Loan Facility that extends beyond the date set forth in clause (B) of the definition of applicable Term Loan Maturity Date of such LoanDate.

LIBOR Interest Periods. At In connection with each LIBOR Rate Loan made to the time Borrower, the Borrower gives a Notice may, pursuant to the Request for Revolving Loan, Request for Line of Borrowing Credit Advance or Notice of Conversion or Continuation in respect of Conversion/Continuation, as the making ofcase may be, or conversion into or continuation as, a Borrowing of LIBOR Loans in accordance with Section 2.3(aselect an interest period (each an "Interest Period") or Section 2.6(a), the Borrower shall have the right to elect, by giving the Administrative Agent written notice (or telephonic notice promptly confirmed in writing), the Interest Period be applicable to such BorrowingLIBOR Rate Loan, which Interest Period shall, shall be at the Borrower's option of the Borrower be either a one, two, three, three or six or (if available to all the Lenders making such Loans as determined by such Lenders in good faith), nine or twelve month period; , provided that the initial Interest Period may be for a period of less than one month if agreed upon by the Borrower and the Administrative Agent. Notwithstanding anything to the contrary contained abovethat: (ai) the initial Interest Period for any Borrowing of LIBOR Loans Rate Loan made to the Borrower shall commence on the date Funding Date of such Borrowing (including LIBOR Rate Loan, in the case of a Revolving Loan or a Line of Credit Advance initially made as a LIBOR Rate Loan, or on the date specified in the applicable Notice of any conversion from Conversion/Continuation, in the case of a Borrowing Base Rate Loan converted to a LIBOR Rate Loan; (ii) in the case of ABR Loans) and immediately successive Interest Periods applicable to a LIBOR Rate Loan made to the Borrower continued as such pursuant to a Notice of Conversion/ Continuation, each successive Interest Period occurring thereafter in respect of such Borrowing shall commence on the day on which the next preceding Interest Period expires; (biii) if any Interest Period relating to a Borrowing of LIBOR Loans begins on the last Business Day of a calendar month or begins on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period, such Interest Period shall end on the last Business Day of the calendar month at the end of such Interest Period; (c) if any an Interest Period would otherwise expire on a day that is not a Business Day, such Interest Period shall expire on the next succeeding Business Day; provided that, provided that if any Interest Period in respect of a LIBOR Loan would otherwise expire on a day that is not a Business Day but is a day of the month after which no further Business Day occurs in such month, such Interest Period shall expire on the next preceding Business Day; (iv) any Interest Period that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall, subject to clause (iii) of this Section 2.2B, end on the last Business Day of a calendar month; (v) there shall be no more than seven (7) Interest Periods relating to the LIBOR Rate Loans made to the Borrower outstanding at any time, unless there are Base Rate Loans outstanding, in which event there shall be no more than six (6) Interest Periods relating to LIBOR Rate Loans outstanding at such time; (vi) in the event the Borrower fails to speci- fy an Interest Period in the particular Request for Revolving Loan, Request for Line of Credit Advance and/or Notice of Conversion/Continuation, the Borrower shall be deemed to have selected an Interest Period of one month; and (dvii) the Borrower shall not be entitled to elect any no Interest Period in respect of any LIBOR Loan if such Interest Period would shall extend beyond the applicable Maturity Date then stated maturity date of such Loanthe Revolver or the Line of Credit, as applicable.

LIBOR Interest Periods. At the time the Borrower gives a Notice of Borrowing or Notice of Conversion or Continuation in respect of the making of, or conversion into or continuation as, a Borrowing of (i) In connection with each LIBOR Loans in accordance with Section 2.3(a) or Section 2.6(a)Rate Loan, the Borrower shall have the right to electBorrower, by giving notice at the Administrative Agent written notice times described in Section 2.3, shall elect an interest period (or telephonic notice promptly confirmed in writing)each, the a "LIBOR Interest Period Period") to be applicable to such BorrowingLoan, which LIBOR Interest Period shall, at the option of the Borrower shall be a one, two, three, six or (if available to all the Lenders making such Loans as determined by such Lenders in good faith), nine or twelve month period; provided that the initial Interest Period may be for a period of less than one month if agreed upon by the Borrower and the Administrative Agent. Notwithstanding anything to the contrary contained above(1), two (2), three (3), or six (6) months; provided that: (aA) the initial each LIBOR Interest Period for any Borrowing of LIBOR Loans shall commence on the date of such Borrowing (including advance of or conversion to any LIBOR Rate Loan and, in the date case of any conversion from a Borrowing of ABR Loans) and immediately successive LIBOR Interest Periods, each successive LIBOR Interest Period occurring thereafter in respect of such Borrowing shall commence on the day date on which the next preceding LIBOR Interest Period expires; (bB) if any Interest Period relating to a Borrowing of LIBOR Loans begins on the last Business Day of a calendar month or begins on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period, such Interest Period shall end on the last Business Day of the calendar month at the end of such Interest Period; (c) if any Interest Period would otherwise expire on a day that is not a Business Day, such LIBOR Interest Period shall expire on the next succeeding Business Day; provided, provided that if any LIBOR Interest Period in respect of a LIBOR Loan would otherwise expire on a day that is not a Business Day but is a day of the month after which no further Business Day occurs in such month, such LIBOR Interest Period shall expire on the next preceding Business Day; (C) any LIBOR Interest Period that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such LIBOR Interest Period) shall end on the last Business Day of the relevant calendar month at the end of such LIBOR Interest Period; and (dD) the Borrower shall not be entitled to elect any no LIBOR Interest Period in respect of any LIBOR Loan if such Interest Period would shall extend beyond the applicable Maturity Date of such LoanDate. (ii) There shall be no more than eight (8) LIBOR Interest Periods in effect at any time.

LIBOR Interest Periods. At the time the Borrower gives Each LIBOR Loan may be obtained for a Notice of Borrowing or Notice of Conversion or Continuation in respect of the making ofone (1), two (2), three (3), or conversion into or continuation assix (6) month period or, a Borrowing of LIBOR Loans in accordance with Section 2.3(a) or Section 2.6(a), the Borrower shall have the right to elect, by giving the Administrative Agent written notice (or telephonic notice promptly confirmed in writing), the Interest Period applicable to such Borrowing, which Interest Period shall, at the option of the Borrower be a one, two, three, six or (if available to all Lenders under the Lenders making such Loans as determined by such Lenders in good faith)applicable facility, nine (9) or twelve 12 month period; provided that the initial period (each such period being an “LIBOR Interest Period may be for a period of less than one month if agreed upon by the Borrower and the Administrative AgentPeriod”). Notwithstanding anything With respect to the contrary contained aboveall LIBOR Loans: (ai) the initial LIBOR Interest Period for any Borrowing of LIBOR Loans shall will commence on the date of such Borrowing (including that the LIBOR Loan is made or the date on which any portion of any conversion from Base Rate Loan is converted into a Borrowing LIBOR Loan, or, in the case of ABR Loans) and immediately successive LIBOR Interest Periods, each successive LIBOR Interest Period occurring thereafter in respect of such Borrowing shall commence on the day on which the next immediately preceding LIBOR Interest Period expires; (bii) if any Interest Period relating to a Borrowing of the LIBOR Loans begins on the last Business Day of a calendar month or begins on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period, such Interest Period shall end on the last Business Day of the calendar month at the end of such Interest Period; (c) if any Interest Period would otherwise expire on a day that is not a Business Day, such Interest Period shall then it will expire on the next succeeding Business Day, ; provided that if any LIBOR Interest Period in respect of a LIBOR Loan would otherwise expire on a day that is not a Business Day but and such day is a day of the month after which no further last Business Day occurs in such of a calendar month, such LIBOR Interest Period shall expire on the Business Day next preceding such day; (iii) any LIBOR Interest Period that begins on the last Business DayDay of a calendar month or on a day for which there is no numerically corresponding day in the last calendar month in such LIBOR Interest Period shall end on the last Business Day of the last calendar month in such LIBOR Interest Period; (iv) no LIBOR Interest Period shall be selected under any Term Loan Facility if, in order to make scheduled repayments of such Term Loan required pursuant to Subsection 1.6(A)(ii), (iii) or (iv), repayment of all or any portion of the LIBOR Loan prior to the expiration of such Interest Period would be necessary; and (dv) the Borrower shall not be entitled to elect any no LIBOR Interest Period shall be selected under the Revolver Facility that extends beyond the date set forth in respect clause (B) of any the definition of Revolver Expiration Date, and no LIBOR Loan if such Interest Period would extend shall be selected under any Term Loan Facility that extends beyond the date set forth in clause (B) of the definition of applicable Term Loan Maturity Date of such LoanDate.

LIBOR Interest Periods. At In connection with each LIBOR Rate Loan made to the time Borrower, the Borrower gives a Notice may, pursuant to the Request for Revolving Loan, Request for Line of Borrowing Credit Advance or Notice of Conversion or Continuation in respect of Conver- sion/Continuation, as the making ofcase may be, or conversion into or continuation as, a Borrowing of LIBOR Loans in accordance with Section 2.3(aselect an interest period (each an "Interest Period") or Section 2.6(a), the Borrower shall have the right to elect, by giving the Administrative Agent written notice (or telephonic notice promptly confirmed in writing), the Interest Period be applicable to such BorrowingLIBOR Rate Loan, which Interest Period shall, shall be at the Borrower's option of the Borrower be either a one, two, three, three or six or (if available to all the Lenders making such Loans as determined by such Lenders in good faith), nine or twelve month period; , provided that the initial Interest Period may be for a period of less than one month if agreed upon by the Borrower and the Administrative Agent. Notwithstanding anything to the contrary contained abovethat: (ai) the initial Interest Period for any Borrowing of LIBOR Loans Rate Loan made to the Borrower shall commence on the date Funding Date of such Borrowing (including LIBOR Rate Loan, in the case of a Revolv- ing Loan or a Line of Credit Advance initially made as a LIBOR Rate Loan, or on the date specified in the applicable Notice of any conversion from Conver- sion/Continuation, in the case of a Borrowing Base Rate Loan converted to a LIBOR Rate Loan; (ii) in the case of ABR Loans) and immediately successive Interest Periods applicable to a LIBOR Rate Loan made to the Borrower continued as such pursuant to a Notice of Conversion/Continuation, each successive Interest Period occurring thereafter in respect of such Borrowing shall commence on the day on which the next preceding Interest Period expires; (biii) if any Interest Period relating to a Borrowing of LIBOR Loans begins on the last Business Day of a calendar month or begins on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period, such Interest Period shall end on the last Business Day of the calendar month at the end of such Interest Period; (c) if any an Interest Period would otherwise expire on a day that is not a Business Day, such Interest Period shall expire on the next succeeding Business Day; provided that, provided that if any Interest Period in respect of a LIBOR Loan would otherwise expire on a day that is not a Business Busi- ness Day but is a day of the month after which no further Business Day occurs in such month, such Interest Period shall expire on the next preceding Business Day; (iv) any Interest Period that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall, subject to clause (iii) of this Section 2.2(b), end on the last Business Day of a calendar month; (v) there shall be no more than seven (7) Interest Periods relating to the LIBOR Rate Loans made to the Borrower outstanding at any time, unless there are Base Rate Loans outstanding, in which event there shall be no more than six (6) Interest Periods relating to LIBOR Rate Loans outstanding at such time; (vi) in the event the Borrower fails to specify an Interest Period in the particular Request for Revolving Loan, Request for Line of Credit Advance and/or Notice of Conversion/Continuation, the Borrower shall be deemed to have selected an Interest Period of one month; and (dvii) the Borrower shall not be entitled to elect any no Interest Period in respect of any LIBOR Loan if such Interest Period would shall extend beyond the applicable Maturity Date then stated maturity date of such Loanthe Revolver or the Line of Credit, as appli- cable.

LIBOR Interest Periods. At the time the Borrower gives a Notice of Borrowing or Notice of Conversion or Continuation in respect of the making of, or conversion into or continuation as, a Borrowing of In connection with each LIBOR Loans in accordance with Section 2.3(a) or Section 2.6(a)Rate Loan, the Borrower shall have the right to electBorrower, by giving notice at the Administrative Agent written notice (or telephonic notice promptly confirmed times described in writingSection 6.1(a), the shall elect an interest period (each, a “LIBOR Interest Period Period”) to be applicable to such BorrowingLoan, which LIBOR Interest Period shall, at the option of the Borrower shall be a one, two, three, six or (if available to all the Lenders making such Loans as determined by such Lenders in good faith), nine or twelve month period; provided that the initial Interest Period may be for a period of less than one month (1), two (2), three (3), or six (6) months, or, if agreed upon by available from all Lenders under the Borrower and the Administrative Agent. Notwithstanding anything applicable facility, nine (9) or twelve (12) months, with respect to the contrary contained aboveeach LIBOR Rate Loan; provided that: (ai) the initial LIBOR Interest Period for any Borrowing of LIBOR Loans shall commence on the date of such Borrowing (including advance of or conversion to any LIBOR Rate Loan and, in the date case of any conversion from a Borrowing of ABR Loans) and immediately successive LIBOR Interest Periods, each successive LIBOR Interest Period occurring thereafter in respect of such Borrowing shall commence on the day date on which the next immediately preceding LIBOR Interest Period expires; (bii) if any Interest Period relating to a Borrowing of LIBOR Loans begins on the last Business Day of a calendar month or begins on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period, such Interest Period shall end on the last Business Day of the calendar month at the end of such Interest Period; (c) if any Interest Period would otherwise expire on a day that is not a Business Day, such LIBOR Interest Period shall expire on the next succeeding Business Day; provided, provided that if any LIBOR Interest Period in with respect of to a LIBOR Rate Loan would otherwise expire on a day that is not a Business Day but is a day of the month after which no further Business Day occurs in such month, such LIBOR Interest Period shall expire on the next immediately preceding Business Day; (iii) any LIBOR Interest Period with respect to a LIBOR Rate Loan that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such LIBOR Interest Period) shall end on the last Business Day of the relevant calendar month at the end of such LIBOR Interest Period; (iv) no LIBOR Interest Period shall extend beyond the Revolving Credit Maturity Date or the Term Loan Maturity Date, and LIBOR Interest Periods shall be selected by the Borrower so as to permit the Borrower to make scheduled repayments required pursuant to Section 4.3 without repayment of all or any portion of any LIBOR Rate Loan prior to the expiration of the applicable LIBOR Interest Period; (v) there shall be no more than eight (8) LIBOR Interest Periods outstanding at any time under each of the Revolving Credit Facility and the Term Loan Facility; and (dvi) notwithstanding anything to the contrary, the initial LIBOR Interest Period selected for a LIBOR Rate Loan under the Term Loan Facility immediately following the Closing Date may, with the consent of the Administrative Agent, be for a period other than the periods specified above (such period, the “Interpolated LIBOR Period”) to the extent necessary to permit the Borrower to match the durations of its LIBOR Rate Loans under this Agreement to the durations of the correlative interest rate periods under its Existing Interest Rate Contract. If the Borrower selects the Interpolated LIBOR Period for the initial LIBOR Rate Loan under the Term Loan Facility, such LIBOR Rate Loan shall accrue interest at a rate per annum equal to the sum of (A) the Borrower shall not be entitled rate determined based on a linear interpolation between (1) LIBOR for an interest period that is the next shortest interest period presented by the Reuters Screen LIBOR01 to elect any Interest the duration of the Interpolated LIBOR Period and (2) LIBOR for an interest period that is the next longest interest period presented by the Reuters Screen LIBOR01 to the duration of the Interpolated LIBOR Period plus (B) the Applicable Margin applicable from time to time as provided in respect of any LIBOR Loan if such Interest Period would extend beyond the applicable Maturity Date of such LoanSection 6.1(c).

LIBOR Interest Periods. At the time the Borrower gives a Notice of Borrowing or Notice of Conversion or Continuation in respect of the making of, or conversion into or continuation as, a Borrowing of In connection with each LIBOR Loans in accordance with Section 2.3(a) or Section 2.6(a)Rate Loan, the Borrower shall have the right to electBorrower, by giving notice at the Administrative Agent written notice (or telephonic notice promptly confirmed times described in writingSection 5.1(a), the shall elect an interest period (each, a “LIBOR Interest Period Period”) to be applicable to such BorrowingLoan, which LIBOR Interest Period shall, at the option of the Borrower shall be a one, two, three, six or (if available to all the Lenders making such Loans as determined by such Lenders in good faith), nine or twelve month period; provided that the initial Interest Period may be for a period of less than one month if agreed upon by the Borrower and the Administrative Agent. Notwithstanding anything (1), two (2), three (3), or six (6) months with respect to the contrary contained aboveeach LIBOR Rate Loan; provided that: (aA) the initial LIBOR Interest Period for any Borrowing of LIBOR Loans shall commence on the date of such Borrowing (including advance of or conversion to any LIBOR Rate Loan and, in the date case of any conversion from a Borrowing of ABR Loans) and immediately successive LIBOR Interest Periods, each successive LIBOR Interest Period occurring thereafter in respect of such Borrowing shall commence on the day date on which the next preceding LIBOR Interest Period expires; (bB) if any Interest Period relating to a Borrowing of LIBOR Loans begins on the last Business Day of a calendar month or begins on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period, such Interest Period shall end on the last Business Day of the calendar month at the end of such Interest Period; (c) if any Interest Period would otherwise expire on a day that is not a Business Day, such LIBOR Interest Period shall expire on the next succeeding Business Day; provided, provided that if any LIBOR Interest Period in with respect of to a LIBOR Rate Loan would otherwise expire on a day that is not a Business Day but is a day of the month after which no further Business Day occurs in such month, such LIBOR Interest Period shall expire on the next preceding Business Day; (C) any LIBOR Interest Period with respect to a LIBOR Rate Loan that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such LIBOR Interest Period) shall end on the last Business Day of the relevant calendar month at the end of such LIBOR Interest Period; (D) no LIBOR Interest Period shall extend beyond the Revolving Credit Maturity Date, the Term Loan B Maturity Date, or if pursuant to Section 5.3(c) the Term Loan C becomes a LIBOR Rate Loan, the Term Loan C Maturity Date, each as applicable, and LIBOR Interest Periods shall be selected by the Borrower so as to permit the Borrower to make mandatory reductions of the Revolving Credit Commitment pursuant to Section 2.5(b) without payment of any amounts pursuant to Section 5.10; (E) there shall be no more than eight (8) LIBOR Interest Periods outstanding at any time; and (dF) notwithstanding anything to the contrary, the initial LIBOR Interest Periods immediately following the Closing Date may, with the consent of the Administrative Agent, be for periods shorter than the periods specified above to the extent necessary to permit the Borrower shall not be entitled to elect any match such LIBOR Interest Period in respect of any LIBOR Loan if such Periods to its Existing Interest Period would extend beyond the applicable Maturity Date of such LoanRate Contracts.

LIBOR Interest Periods. At the time the Borrower gives a Notice of Borrowing or Notice of Conversion or Continuation in respect of the making of, or conversion into or continuation as, a Borrowing of Each LIBOR Loans in accordance with Section 2.3(a) or Section 2.6(a), the Borrower shall have the right to elect, by giving the Administrative Agent written notice (or telephonic notice promptly confirmed in writing), the Interest Period applicable to such Borrowing, which Interest Period shall, at the option of the Borrower Loan may be obtained for a one, two, three, or six or (month period or, if available to all Lenders under the Lenders making such Loans as determined by such Lenders in good faith)applicable facility, nine or twelve 12 month period; provided that the initial period (each such period being an “LIBOR Interest Period may be for a period of less than one month if agreed upon by the Borrower and the Administrative AgentPeriod”). Notwithstanding anything With respect to the contrary contained aboveall LIBOR Loans: (ai) the initial LIBOR Interest Period for any Borrowing of LIBOR Loans shall will commence on the date of such Borrowing (including that the LIBOR Loan is made or the date on which any portion of any conversion from Base Rate Loan is converted into a Borrowing LIBOR Loan, or, in the case of ABR Loans) and immediately successive LIBOR Interest Periods, each successive LIBOR Interest Period occurring thereafter in respect of such Borrowing shall commence on the day on which the next immediately preceding LIBOR Interest Period expires; (bii) if any Interest Period relating to a Borrowing of the LIBOR Loans begins on the last Business Day of a calendar month or begins on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period, such Interest Period shall end on the last Business Day of the calendar month at the end of such Interest Period; (c) if any Interest Period would otherwise expire on a day that is not a Business Day, such Interest Period shall then it will expire on the next succeeding Business Day; provided, provided that if any LIBOR Interest Period in respect of a LIBOR Loan would otherwise expire on a day that is not a Business Day but and such day is a day of the month after which no further last Business Day occurs in such of a calendar month, such LIBOR Interest Period shall expire on the Business Day next preceding such day; (iii) any LIBOR Interest Period that begins on the last Business DayDay of a calendar month or on a day for which there is no numerically corresponding day in the last calendar month in such LIBOR Interest Period shall end on the last Business Day of the last calendar month in such LIBOR Interest Period; and (div) the Borrower shall not be entitled to elect any no LIBOR Interest Period shall be selected under the Term Loan Facility if, in respect order to make scheduled repayments of the Term Loan required pursuant to Subsection 1.6(A), repayment of all or any portion of the LIBOR Loan if prior to the expiration of such Interest Period would extend be necessary; and (v) no LIBOR Interest Period shall be selected under the Revolver Facility that extends beyond the applicable date set forth in clause (B) of the definition of Revolver Expiration Date, and no LIBOR Interest Period shall be selected under the Term Loan Facility that extends beyond the date set forth in clause (B) of the definition of Term Loan Maturity Date of such LoanDate.

LIBOR Interest Periods. At the time the Borrower gives Each LIBOR Loan may be obtained for a Notice of Borrowing or Notice of Conversion or Continuation in respect of the making ofone (1), two (2), three (3), or conversion into or continuation assix (6) month period or, a Borrowing of LIBOR Loans in accordance with Section 2.3(a) or Section 2.6(a), the Borrower shall have the right to elect, by giving the Administrative Agent written notice (or telephonic notice promptly confirmed in writing), the Interest Period applicable to such Borrowing, which Interest Period shall, at the option of the Borrower be a one, two, three, six or (if available to all Lenders under the Lenders making such Loans as determined by such Lenders in good faith)applicable facility, nine (9) or twelve 12 month period; provided that the initial period (each such period being a “LIBOR Interest Period may be for a period of less than one month if agreed upon by the Borrower and the Administrative AgentPeriod”). Notwithstanding anything With respect to the contrary contained aboveall LIBOR Loans: (a1) the initial LIBOR Interest Period for any Borrowing of LIBOR Loans shall will commence on the date of such Borrowing (including that the LIBOR Loan is made or the date on which any portion of any conversion from Base Rate Loan is converted into a Borrowing LIBOR Loan, or, in the case of ABR Loans) and immediately successive LIBOR Interest Periods, each successive LIBOR Interest Period occurring thereafter in respect of such Borrowing shall commence on the day on which the next immediately preceding LIBOR Interest Period expires; (b2) if any Interest Period relating to a Borrowing of the LIBOR Loans begins on the last Business Day of a calendar month or begins on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period, such Interest Period shall end on the last Business Day of the calendar month at the end of such Interest Period; (c) if any Interest Period would otherwise expire on a day that is not a Business Day, such Interest Period shall then it will expire on the next succeeding Business Day; provided, provided that if any LIBOR Interest Period in respect of a LIBOR Loan would otherwise expire on a day that is not a Business Day but and such day is a day of the calendar month after which no further Business Day occurs in such month, such LIBOR Interest Period shall expire on the Business Day next preceding such day; (3) any LIBOR Interest Period that begins on the last Business DayDay of a calendar month or on a day for which there is no numerically corresponding day in the last calendar month in such LIBOR Interest Period shall end on the last Business Day of the last calendar month in such LIBOR Interest Period; Amended and Restated Credit Agreement/Shenandoah Telecommunications Company (4) no LIBOR Interest Period shall be selected under any Term Loan Facility if, in order to make scheduled repayments of such Term Loan required pursuant to Subsection 1.6(A)(ii) or (iv), repayment of all or any portion of the LIBOR Loan prior to the expiration of such LIBOR Interest Period would be necessary; and (d5) the Borrower shall not be entitled to elect any no LIBOR Interest Period shall be selected under the Revolver Facility that extends beyond the date set forth in respect clause (B) of any the definition of Revolver Expiration Date, and no LIBOR Loan if such Interest Period would extend shall be selected under any Term Loan Facility that extends beyond the date set forth in clause (B) of the definition of applicable Term Loan Maturity Date of such LoanDate.