Common use of Continuations of Base Rate Term Loans Clause in Contracts

Continuations of Base Rate Term Loans. Upon at least one (1), with respect to items (B) and (C) of this sentence, or three (3), with respect to item (A) of this sentence, Business Days’ irrevocable prior written notice to the Administrative Agent, EnergySolutions shall specify whether all or a portion of each Base Rate Term Loan outstanding on the related Payment Date (A) is to be continued in whole or in part as one or more Eurodollar Term Loans for the Interest Period(s) selected, (B) is to be continued in whole or in part as one or more Base Rate Term Loans, or (C) is to be repaid and not reborrowed.

Continuations of Base Rate Term Loans. Upon at least one (1), with respect to items (B) and (C) of this sentence, or three (3), with respect to item (A) of this sentence, Business Days’ ' irrevocable prior written notice to the Administrative Agent, EnergySolutions the Borrowers shall specify whether all or a portion of each Base Rate Term Loan outstanding on the related Payment Date (A) is to be continued in whole or in part as one or more Eurodollar Term Loans for the Interest Period(s) selected, selected (B) is to be continued in whole or in part as one or more Base Rate Term Loans, Loans or (C) is to be repaid and not reborrowed.