Common use of Interest Rate Contracts Clause in Contracts

Interest Rate Contracts. The Borrower shall within 20 days after the delivery of a Compliance Certificate pursuant to Section 6.1(a) (Financial Statements) indicating that the Leverage Ratio exceeds 4.50 to 1.00, enter into an Interest Rate Contract or Contracts, on terms and with counterparties reasonably satisfactory to the Administrative Agent, to the extent necessary to ensure that no less than 50% of the Borrower’s Consolidated Indebtedness (other than the Revolving Credit Outstandings) effectively bears interest at a fixed rate for a term of at least two consecutive years following the date thereof.

Interest Rate Contracts. The Borrower shall within 20 days after the delivery of a Compliance Certificate pursuant to Section 6.1(a) (Financial Statements) indicating that the Leverage Ratio exceeds 4.50 5.00 to 1.00, enter into an Interest Rate Contract or Contracts, on terms and with counterparties reasonably satisfactory to the Administrative Agent, to the extent necessary to ensure that no less than 50% of the Borrower’s Consolidated Indebtedness (other than the Revolving Credit Outstandings) effectively bears interest at a fixed rate for a term of at least two three consecutive years following the date thereof. AMENDED AND RESTATED CREDIT AGREEMENT KNOLOGY, INC.

Interest Rate Contracts. The Borrower shall within 20 days after the delivery of a Compliance Certificate pursuant to Section 6.1(a) (Financial Statements) indicating that the Leverage Ratio exceeds 4.50 5.00 to 1.00, enter into an Interest Rate Contract or Contracts, on terms and with counterparties reasonably satisfactory to the Administrative Agent, to the extent necessary to ensure that no less than 50% of the Borrower’s Consolidated Indebtedness (other than the Revolving Credit Outstandings) effectively bears interest at a fixed rate for a term of at least two three consecutive years following the date thereof.