Common use of LIBOR Interest Periods Clause in Contracts

LIBOR Interest Periods. Each LIBOR Loan may be obtained for a one (1), two (2), three (3), or six (6) month period or, if available to all Lenders under the applicable facility, nine (9) or 12 month period (each such period being an “LIBOR Interest Period”). With respect to all LIBOR Loans: (i) the LIBOR Interest Period will commence on the date that the LIBOR Loan is made or the date on which any portion of any Base Rate Loan is converted into a LIBOR Loan, or, in the case of immediately successive LIBOR Interest Periods, each successive LIBOR Interest Period shall commence on the day on which the immediately preceding LIBOR Interest Period expires; (ii) if the LIBOR Interest Period would otherwise expire on a day that is not a Business Day, then it will expire on the next Business Day; provided, that if any LIBOR Interest Period would otherwise expire on a day that is not a Business Day and such day is the last Business Day 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 Day 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 (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 (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.

LIBOR Interest Periods. Each 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 Loan may be obtained for a one (1Loans in accordance with Section 2.3(a) or Section 2.6(a), two the Borrower shall have the right to elect, by giving the Administrative Agent written notice (2or telephonic notice promptly confirmed in writing), three the Interest Period applicable to such Borrowing, which Interest Period shall, at the option of the Borrower be a one, two, three, six or (3), or six (6) month period or, if available to all the Lenders under the applicable facilitymaking such Loans as determined by such Lenders in good faith), nine (9) or 12 twelve month period; provided that the initial Interest Period may be for a period (each such period being an “LIBOR Interest Period”)of less than one month if agreed upon by the Borrower and the Administrative Agent. With respect Notwithstanding anything to all LIBOR Loansthe contrary contained above: (ia) the LIBOR initial Interest Period will for any Borrowing of LIBOR Loans shall commence on the date that the LIBOR Loan is made or of such Borrowing (including the date on which any portion of any Base Rate Loan is converted into conversion from a LIBOR Loan, or, in the case Borrowing of immediately successive LIBOR Interest Periods, ABR Loans) and each successive LIBOR Interest Period occurring thereafter in respect of such Borrowing shall commence on the day on which the immediately next preceding LIBOR Interest Period expires; (iib) if any Interest Period relating to a Borrowing of LIBOR Loans begins on the LIBOR 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, then it will such 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 and such but is a day is of the last month after which no further Business Day of a calendar occurs in such 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 Day 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 PeriodDay; and (ivd) no LIBOR the Borrower shall not be entitled to elect any Interest Period shall be selected under in respect of 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 if such Interest Period would be necessary; and (v) no LIBOR Interest Period shall be selected under the Revolver Facility that extends extend beyond the date set forth in clause (B) applicable Maturity Date 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 Datesuch Loan.

LIBOR Interest Periods. Each In connection with each LIBOR Rate Loan made to the Borrower, the Borrower may, pursuant to the Request for Revolving Loan, Request for Line of Credit Advance or Notice of Conver- sion/Continuation, as the case may be obtained for a one (1)be, two (2), three (3), or six (6) month period or, if available to all Lenders under the applicable facility, nine (9) or 12 month select an interest period (each such period being an “LIBOR "Interest Period”). With respect ") to all be applicable to such LIBOR LoansRate Loan, which Interest Period shall be at the Borrower's option either a one, two, three or six month period, provided that: (i) the LIBOR initial Interest Period will for any LIBOR Rate Loan made to the Borrower shall commence on the date that Funding Date of such LIBOR Rate Loan, in the case of a Revolv- ing Loan or a Line of Credit Advance initially made as a LIBOR Loan is made Rate Loan, or on the date on which any portion specified in the applicable Notice of any Conver- sion/Continuation, in the case of a Base Rate Loan is converted into to a LIBOR Rate Loan, or, ; (ii) in the case of immediately successive Interest Periods applicable to a LIBOR Interest PeriodsRate Loan made to the Borrower continued as such pursuant to a Notice of Conversion/Continuation, each successive LIBOR Interest Period shall commence on the day on which the immediately next preceding LIBOR Interest Period expires; (iiiii) if the LIBOR an Interest Period would otherwise expire on a day that is not a Business Day, then it will such Interest Period shall expire on the next succeeding Business Day; providedprovided that, that if any LIBOR Interest Period would otherwise expire on a day that is not a Busi- ness Day but is a day of the month after which no further Business Day and occurs in such day is the last Business Day of a calendar month, such LIBOR Interest Period shall expire on the Business Day next preceding such dayBusiness Day; (iiiiv) 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 last calendar month in at the end of such LIBOR Interest Period shall 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 last calendar month 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 LIBOR time; (vi) in the event the Borrower fails to specify an Interest PeriodPeriod 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 (ivvii) 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 extend beyond the then stated maturity date of the LIBOR Loan prior to Revolver or the expiration Line of such Interest Period would 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 DateCredit, 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 Dateas appli- cable.

LIBOR Interest Periods. Each In connection with each LIBOR Loan may Rate Loan, the Borrower, by giving notice at the times described in Section 6.1(a), shall elect an interest period (each, a “LIBOR Interest Period”) to be obtained for applicable to such Loan, which LIBOR Interest Period shall be a period of one (1), two (2), three (3), or six (6) month period months, or, if available to from all Lenders under the applicable facility, nine (9) or 12 month period twelve (each such period being an “LIBOR Interest Period”). With 12) months, with respect to all each LIBOR LoansRate Loan; provided that: (i) the LIBOR Interest Period will shall commence on the date that the of advance of or conversion to any LIBOR Loan is made or the date on which any portion of any Base Rate Loan is converted into a LIBOR Loan, orand, in the case of immediately successive LIBOR Interest Periods, each successive LIBOR Interest Period shall commence on the day date on which the immediately preceding LIBOR Interest Period expires; (ii) if the any LIBOR Interest Period would otherwise expire on a day that is not a Business Day, then it will such LIBOR Interest Period shall expire on the next succeeding Business Day; provided, that if any LIBOR Interest Period with respect to a LIBOR Rate Loan would otherwise expire on a day that is not a Business Day and such but is a day is of the last month after which no further Business Day of a calendar occurs in such month, such LIBOR Interest Period shall expire on the immediately preceding Business Day next preceding such dayDay; (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 last calendar month in at the end of such LIBOR Interest Period Period) shall end on the last Business Day of the last relevant calendar month in at the end of such LIBOR Interest Period; and; (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 under any Term Loan Facility if, in order by the Borrower so as to permit the Borrower to make scheduled repayments of such Term Loan required pursuant to Subsection 1.6(A)(ii), (iii) or (iv), Section 4.3 without repayment of all or any portion of the any LIBOR Rate Loan prior to the expiration of such the applicable LIBOR Interest Period would Period; (v) there shall be necessaryno more than eight (8) LIBOR Interest Periods outstanding at any time under each of the Revolving Credit Facility and the Term Loan Facility; and (vvi) no notwithstanding anything to the contrary, the initial LIBOR Interest Period shall be selected for a LIBOR Rate Loan under the Revolver 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 rate determined based on a linear interpolation between (1) LIBOR for an interest period that extends beyond is the date set forth in clause next shortest interest period presented by the Reuters Screen LIBOR01 to 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) 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 Applicable Margin applicable from time to time as provided in clause (B) of the definition of applicable Term Loan Maturity DateSection 6.1(c).

LIBOR Interest Periods. Each In connection with each LIBOR Loan may Rate Loan, the Borrower, by giving notice at the times described in Section 5.1(a), shall elect an interest period (each, a "LIBOR Interest Period") to be obtained for applicable to such Loan, which LIBOR Interest Period shall be a period of one (1), two (2), three (3), or six (6) month period or, if available to all Lenders under the applicable facility, nine (9) or 12 month period (each such period being an “LIBOR Interest Period”). With months with respect to all each LIBOR LoansRate Loan; PROVIDED that: (iA) the LIBOR Interest Period will shall commence on the date that the of advance of or conversion to any LIBOR Loan is made or the date on which any portion of any Base Rate Loan is converted into a LIBOR Loan, orand, in the case of immediately successive LIBOR Interest Periods, each successive LIBOR Interest Period shall commence on the day date on which the immediately next preceding LIBOR Interest Period expires; (iiB) if the any LIBOR Interest Period would otherwise expire on a day that is not a Business Day, then it will such LIBOR Interest Period shall expire on the next succeeding Business Day; providedPROVIDED, that if any LIBOR Interest Period with respect to a LIBOR Rate Loan would otherwise expire on a day that is not a Business Day and such but is a day is of the last month after which no further Business Day of a calendar occurs in such month, such LIBOR Interest Period shall expire on the Business Day next preceding such dayBusiness Day; (iiiC) 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 last calendar month in at the end of such LIBOR Interest Period Period) shall end on the last Business Day of the last relevant calendar month in at the end of such LIBOR Interest Period; and; (ivD) 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 under any Term Loan Facility if, in order by the Borrower so as to permit the Borrower to make scheduled repayments mandatory reductions of such Term Loan required the Revolving Credit Commitment pursuant to Subsection 1.6(A)(ii), (iiiSection 2.5(b) or (iv), repayment without payment of all or any portion of the LIBOR Loan prior amounts pursuant to the expiration of such Interest Period would be necessarySection 5.10; and (vE) there shall be no more than five (5) 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 Periods outstanding at any Term Loan Facility that extends beyond the date set forth in clause (B) of the definition of applicable Term Loan Maturity Datetime.

LIBOR Interest Periods. Each In connection with each LIBOR Loan may Rate Loan, the Borrower, by giving notice at the times described in Section 5.1(a), shall elect an interest period (each, a “LIBOR Interest Period”) to be obtained for applicable to such Loan, which LIBOR Interest Period shall be a period of one (1), two (2), three (3), or six (6) month period or, if available to all Lenders under the applicable facility, nine (9) or 12 month period (each such period being an “LIBOR Interest Period”). With months with respect to all each LIBOR LoansRate Loan; provided that: (iA) the LIBOR Interest Period will shall commence on the date that the of advance of or conversion to any LIBOR Loan is made or the date on which any portion of any Base Rate Loan is converted into a LIBOR Loan, orand, in the case of immediately successive LIBOR Interest Periods, each successive LIBOR Interest Period shall commence on the day date on which the immediately next preceding LIBOR Interest Period expires; (iiB) if the any LIBOR Interest Period would otherwise expire on a day that is not a Business Day, then it will such LIBOR Interest Period shall expire on the next succeeding Business Day; provided, that if any LIBOR Interest Period with respect to a LIBOR Rate Loan would otherwise expire on a day that is not a Business Day and such but is a day is of the last month after which no further Business Day of a calendar occurs in such month, such LIBOR Interest Period shall expire on the Business Day next preceding such dayBusiness Day; (iiiC) 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 last calendar month in at the end of such LIBOR Interest Period Period) shall end on the last Business Day of the last relevant calendar month in at the end of such LIBOR Interest Period; and; (ivD) 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 under any Term Loan Facility if, in order by the Borrower so as to permit the Borrower to make scheduled repayments mandatory reductions of such Term Loan required the Revolving Credit Commitment pursuant to Subsection 1.6(A)(ii), Section 2.5(b) without payment of any amounts pursuant to Section 5.10; (iiiE) or there shall be no more than eight (iv), repayment of all or 8) LIBOR Interest Periods outstanding at any portion of the LIBOR Loan prior to the expiration of such Interest Period would be necessarytime; and (vF) no notwithstanding anything to the contrary, the initial LIBOR Interest Period shall be selected under Periods immediately following the Revolver Facility that extends beyond Closing Date may, with the date set forth in clause (B) consent of the definition of Revolver Expiration DateAdministrative Agent, and no be for periods shorter than the periods specified above to the extent necessary to permit the Borrower to match such 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 DatePeriods to its Existing Interest Rate Contracts.

LIBOR Interest Periods. Each In connection with each LIBOR Rate Loan made to the Borrower, the Borrower may, pursuant to the Request for Revolving Loan, Request for Line of Credit Advance or Notice of Conversion/Continuation, as the case may be obtained for a one (1)be, two (2), three (3), or six (6) month period or, if available to all Lenders under the applicable facility, nine (9) or 12 month select an interest period (each such period being an “LIBOR "Interest Period”). With respect ") to all be applicable to such LIBOR LoansRate Loan, which Interest Period shall be at the Borrower's option either a one, two, three or six month period, provided that: (i) the LIBOR initial Interest Period will for any LIBOR Rate Loan made to the Borrower shall commence on the date that Funding Date of such LIBOR Rate Loan, in the case of a Revolving Loan or a Line of Credit Advance initially made as a LIBOR Loan is made Rate Loan, or on the date on which any portion specified in the applicable Notice of any Conversion/Continuation, in the case of a Base Rate Loan is converted into to a LIBOR Rate Loan, or, ; (ii) in the case of immediately successive Interest Periods applicable to a LIBOR Interest PeriodsRate Loan made to the Borrower continued as such pursuant to a Notice of Conversion/ Continuation, each successive LIBOR Interest Period shall commence on the day on which the immediately next preceding LIBOR Interest Period expires; (iiiii) if the LIBOR an Interest Period would otherwise expire on a day that is not a Business Day, then it will such Interest Period shall expire on the next succeeding Business Day; providedprovided that, that if any LIBOR Interest Period would otherwise expire on a day that is not a Business Day and such but is a day is of the last month after which no further Business Day of a calendar occurs in such month, such LIBOR Interest Period shall expire on the Business Day next preceding such dayBusiness Day; (iiiiv) 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 last calendar month in at the end of such LIBOR Interest Period shall 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 last calendar month 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 LIBOR time; (vi) in the event the Borrower fails to speci- fy an Interest PeriodPeriod 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 (ivvii) 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 extend beyond the then stated maturity date of the LIBOR Loan prior to Revolver or the expiration Line of such Interest Period would 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 DateCredit, 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 Dateas applicable.

LIBOR Interest Periods. Each (i) In connection with each LIBOR Loan may Rate Loan, the Borrower, by giving notice at the times described in Section 2.3, shall elect an interest period (each, a "LIBOR Interest Period") to be obtained for applicable to such Loan, which LIBOR Interest Period shall be a period of one (1), two (2), three (3), or six (6) month period or, if available to all Lenders under the applicable facility, nine (9) or 12 month period (each such period being an “LIBOR Interest Period”). With respect to all LIBOR Loansmonths; provided that: (iA) the each LIBOR Interest Period will shall commence on the date that the of advance of or conversion to any LIBOR Loan is made or the date on which any portion of any Base Rate Loan is converted into a LIBOR Loan, orand, in the case of immediately successive LIBOR Interest Periods, each successive LIBOR Interest Period shall commence on the day date on which the immediately next preceding LIBOR Interest Period expires; (iiB) if the any LIBOR Interest Period would otherwise expire on a day that is not a Business Day, then it will such LIBOR Interest Period shall expire on the next succeeding Business Day; provided, that if any LIBOR Interest Period would otherwise expire on a day that is not a Business Day and such but is a day is of the last month after which no further Business Day of a calendar occurs in such month, such LIBOR Interest Period shall expire on the Business Day next preceding such dayBusiness Day; (iiiC) 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 last calendar month in at the end of such LIBOR Interest Period Period) shall end on the last Business Day of the last relevant calendar month in at the end of such LIBOR Interest Period; and (ivD) 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 (v) no LIBOR Interest Period shall be selected under the Revolver Facility that extends extend 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. (ii) There shall be no more than eight (8) LIBOR Interest Periods in effect at any time.

LIBOR Interest Periods. Each LIBOR Loan may be obtained for a one (1), two (2), three (3), or six (6) month period or, if available to all Lenders under the applicable facility, nine (9) or 12 month period (each such period being an a “LIBOR Interest Period”). With respect to all LIBOR Loans: (i1) the LIBOR Interest Period will commence on the date that the LIBOR Loan is made or the date on which any portion of any Base Rate Loan is converted into a LIBOR Loan, or, in the case of immediately successive LIBOR Interest Periods, each successive LIBOR Interest Period shall commence on the day on which the immediately preceding LIBOR Interest Period expires; (ii2) if the LIBOR Interest Period would otherwise expire on a day that is not a Business Day, then it will expire on the next Business Day; provided, that if any LIBOR Interest Period would otherwise expire on a day that is not a Business Day and such day is a day of the last calendar month after which no further Business Day of a calendar occurs in such month, such LIBOR Interest Period shall expire on the Business Day next preceding such day; (iii3) 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 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; andAmended and Restated Credit Agreement/Shenandoah Telecommunications Company (iv4) 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 LIBOR Interest Period would be necessary; and (v5) 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.

LIBOR Interest Periods. Each LIBOR Loan may be obtained for a one (1), two (2), three (3), or six (6) month period or, if available to all Lenders under the applicable facility, nine (9) or 12 month period (each such period being an “LIBOR Interest Period”). With respect to all LIBOR Loans: (i) the LIBOR Interest Period will commence on the date that the LIBOR Loan is made or the date on which any portion of any Base Rate Loan is converted into a LIBOR Loan, or, in the case of immediately successive LIBOR Interest Periods, each successive LIBOR Interest Period shall commence on the day on which the immediately preceding LIBOR Interest Period expires; (ii) if the LIBOR Interest Period would otherwise expire on a day that is not a Business Day, then it will expire on the next Business Day; provided, provided that if any LIBOR Interest Period would otherwise expire on a day that is not a Business Day and such day is the last Business Day 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 Day 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; (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 (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.

LIBOR Interest Periods. Each LIBOR Loan may be obtained for a one (1), two (2), three (3), or six (6) month period or, if available to all Lenders under the applicable facility, nine (9) or 12 month period (each such period being an “a "LIBOR Interest Period”"). With respect to all LIBOR Loans: (i1) the LIBOR Interest Period will commence on the date that the LIBOR Loan is made or the date on which any portion of any Base Rate Loan is converted into a LIBOR Loan, or, in the case of immediately successive LIBOR Interest Periods, each successive LIBOR Interest Period shall commence on the day on which the immediately preceding LIBOR Interest Period expires; (ii2) if the LIBOR Interest Period would otherwise expire on a day that is not a Business Day, then it will expire on the next Business Day; provided, that if any LIBOR Interest Period would otherwise expire on a day that is not a Business Day and such day is a day of the last calendar month after which no further Business Day of a calendar occurs in such month, such LIBOR Interest Period shall expire on the Business Day next preceding such day; (iii3) 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 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; andand Credit Agreement/Shenandoah Telecommunications Company (iv4) 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 LIBOR Interest Period would be necessary; and (v5) 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.

LIBOR Interest Periods. Each LIBOR Loan may be obtained for a one (1)one, two (2)two, three (3)three, or six (6) month period or, if available to all Lenders under the applicable facility, nine (9) or 12 month period (each such period being an “LIBOR Interest Period”). With respect to all LIBOR Loans: (i) the LIBOR Interest Period will commence on the date that the LIBOR Loan is made or the date on which any portion of any Base Rate Loan is converted into a LIBOR Loan, or, in the case of immediately successive LIBOR Interest Periods, each successive LIBOR Interest Period shall commence on the day on which the immediately preceding LIBOR Interest Period expires; (ii) if the LIBOR Interest Period would otherwise expire on a day that is not a Business Day, then it will expire on the next Business Day; provided, that if any LIBOR Interest Period would otherwise expire on a day that is not a Business Day and such day is the last Business Day 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 Day 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 (iv) no LIBOR Interest Period shall be selected under any the Term Loan Facility if, in order to make scheduled repayments of such the Term Loan required pursuant to Subsection 1.6(A)(ii), (iii) or (iv1.6(A), repayment of all or any portion of the LIBOR Loan prior to the expiration of such Interest Period would 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 the Term Loan Facility that extends beyond the date set forth in clause (B) of the definition of applicable Term Loan Maturity Date.