Pledged Microsoft Stock such that, after giving effect thereto, the Collateral
Coverage Ratio shall be at least equal to [*] to 1.00.
(d) If the Collateral Coverage Ratio shall exceed [*] to 1.00 for any
period of five consecutive days, as certified by the Borrower to the
Administrative Agent by written notice, then on the Business Day next succeeding
the receipt of such notice by the Administrative Agent, the Administrative Agent
shall release Pledged Microsoft Stock (in amounts specified by the Borrower in a
written notice to the Administrative Agent) to the extent necessary such that,
after giving effect thereto, the Collateral Coverage Ratio shall be equal to or
greater than [*] to 1.00; provided however, that any such release of collateral
may not occur more than once during each calendar quarter.
(e) In the event the Borrower, the Guarantor or any Affiliate of either
of them elects to exchange any Exchange Investment comprising of Class B Common
Stock of Charter Communications, Inc. into Class A Common Stock of Charter
Communications, Inc., the Borrower shall, at least five Business Days prior to
the date on which such Class A Common Stock is to be issued in such exchange,
prepay the entire principal amount of the Loans then outstanding together with
all accrued and unpaid interest thereon through the date of prepayment.
SECTION 2.5 Continuation Options for Loans. Any Eurodollar Loans may be
continued in whole or in part as such upon the expiration of the then current
Interest Period with respect thereto by the Borrower giving notice to the
Administrative Agent, in accordance with the applicable provisions of the term
"Interest Period" set forth in Section 1.1, of the length of the next Interest
Period to be applicable to such Loan or portions thereof, provided that if the
Borrower fails to give such notice, any such Eurodollar Loans shall continue as
such for a new Interest Period of one month and provided, further that no
Eurodollar Loan may be continued as such after the date that is one month prior
to the Termination Date.
SECTION 2.6 Minimum Amounts and Maximum Number of Tranches.
Notwithstanding anything to the contrary in this Agreement, all borrowings,
conversions, continuations and prepayments of Eurodollar Loans and all
selections of Interest Periods shall be in such amounts and be made pursuant to
such elections so that, after giving effect thereto, (a) the aggregate principal
amount of the Loans or portions thereof comprising each Eurodollar Tranche shall
be equal to $10,000,000 or a whole multiple of $100,000 in excess thereof and
(b) there shall be no more than 10 Eurodollar Tranches outstanding at any time.
SECTION 2.7 Interest Rates and Payment Dates.
(a) Each Eurodollar Loan shall bear interest for each day during each
Interest Period with respect thereto at a rate per annum equal to the Eurodollar
Rate determined for such Interest Period plus the Applicable Margin.
(b) Each ABR Loan shall bear interest at a rate per annum equal to the
ABR plus the Applicable Margin.
[*] Confidential treatment requested.