CREDIT AGREEMENT DATED AS OF SEPTEMBER 15, 2005, among ATLANTIC TELE-NETWORK, INC., as Borrower, COBANK, ACB, as Administrative Agent, Lead Arranger and a Lender, BANCO POPULAR DE PUERTO RICO as a Lender, and the other Lenders referred to hereinCredit Agreement • September 21st, 2005 • Atlantic Tele Network Inc /De • Telephone communications (no radiotelephone) • Colorado
Interest accruing on Base Rate Loans and Quoted Rate Loans is payable in arrears on each of the following dates or events: (i) the last day of each calendar quarter; (ii) the prepayment of such Loan (or portion thereof), to the extent accrued on the principal prepaid; and (iii) the Term Loan Maturity Date or the Revolver Expiration Date, as the case may be, whether by acceleration or otherwise. Interest accruing on each LIBOR Loan is payable in arrears on each of the following dates or events: (i) the last day of each applicable LIBOR Interest Period; (ii) if the LIBOR Interest Period is longer than three months, on each three-month anniversary of the commencement date of such LIBOR Interest Period; (iii) the prepayment of such Loan (or portion thereof), to the extent accrued on the principal prepaid; and (iv) the Term Loan Maturity Date or the Revolver Expiration Date, as the case may be, whether by acceleration or otherwise.
