Common use of Effect On Other Loans Clause in Contracts

Effect On Other Loans. (a) If notice has been given pursuant to Section 10.1, 10.2 or 10.3 suspending the obligation of any Lender to make or continue Eurodollar Loans, or requiring Eurodollar Loans of any Lender to be repaid or prepaid, then, unless and until such Lender notifies Duratek that the circumstances giving rise to such repayment no longer apply, all Loans which would otherwise be made or continued as Eurodollar Loans shall, at the option of Duratek, be made or continued instead as Base Rate Loans. (b) If, with respect to any Eurodollar Loan, Lenders owed at least 51% of the then aggregate unpaid principal amount thereof notify the Administrative Agent that the Eurodollar Rate for any Interest Period for such Loan will not adequately reflect the cost to such Lenders of making, funding or maintaining their Eurodollar Loans for such Interest Period, the Administrative Agent shall forthwith so notify Duratek and the Lenders which have made such Loan, whereupon (i) such Eurodollar Loan will automatically, on the last day of the then existing Interest Period therefor, be continued as a Base Rate Loan and (ii) the obligation of the Lenders which have made such Loan to make further or continue Eurodollar Loans shall be suspended until the Administrative Agent shall notify Duratek that such Lenders have determined that the circumstances causing such suspension no longer exist.

Effect On Other Loans. (a) If notice has been given pursuant to Section 10.1, 10.2 or 10.3 suspending the obligation of any Lender to make or continue Eurodollar Option Loans, or requiring Eurodollar Option Loans of any Lender to be repaid or prepaid, then, unless and until such Lender notifies Duratek EnergySolutions that the circumstances giving rise to such repayment no longer apply, all Loans which would otherwise be made or continued as Eurodollar Option Loans shall, at the option of DuratekEnergySolutions, be made or continued instead as Base Rate Option Loans. (b) If, with respect to any Eurodollar Option Loan, Lenders owed at least 51% of the then aggregate unpaid principal amount thereof notify the Administrative Agent that the Eurodollar Rate for any Interest Period for such Loan will not adequately reflect the cost to such Lenders of making, funding or maintaining their Eurodollar Option Loans for such Interest Period, the Administrative Agent shall forthwith so notify Duratek EnergySolutions and the Lenders which have made such Loan, whereupon (i) such Eurodollar Revolving Loan will automatically, on the last day of the then existing Interest Period therefor, be reborrowed as a Base Rate Revolving Loan, (ii) such Eurodollar Term Loan will automatically, on the last day of the then existing Interest Period therefor, be continued as a Base Rate Term Loan and (iiiii) the obligation of the Lenders which have made such Loan to make further or continue Eurodollar Option Loans shall be suspended until the Administrative Agent shall notify Duratek EnergySolutions that such Lenders have determined that the circumstances causing such suspension no longer exist.

Effect On Other Loans. (a) If notice has been given pursuant to Section 10.1, 10.2 or 10.3 suspending the obligation of any Lender to make or continue Eurodollar Term Loans, or requiring Eurodollar Term Loans of any Lender to be repaid or prepaid, then, unless and until such Lender notifies Duratek EnergySolutions that the circumstances giving rise to such repayment no longer apply, all Loans which would otherwise be made or continued as Eurodollar Term Loans shall, at the option of DuratekEnergySolutions, be made or continued instead as Base Rate Term Loans. (b) If, with respect to any Eurodollar Term Loan, Lenders owed at least 51% of the then aggregate unpaid principal amount thereof notify the Administrative Agent that the Eurodollar Rate for any Interest Period for such Loan will not adequately reflect the cost to such Lenders of making, funding or maintaining their Eurodollar Term Loans for such Interest Period, the Administrative Agent shall forthwith so notify Duratek EnergySolutions and the Lenders which have made such Loan, whereupon (i) such Eurodollar Term Loan will automatically, on the last day of the then existing Interest Period therefor, be continued as a Base Rate Term Loan and (ii) the obligation of the Lenders which have made such Loan to make further or continue Eurodollar Term Loans shall be suspended until the Administrative Agent shall notify Duratek EnergySolutions that such Lenders have determined that the circumstances causing such suspension no longer exist.

Effect On Other Loans. (a) If notice has been given pursuant to Section 10.1, 10.2 or 10.3 suspending the obligation of any Lender to make or continue Eurodollar Option Loans, or requiring Eurodollar Option Loans of any Lender to be repaid or prepaid, then, unless and until such Lender notifies Duratek the Borrowers' Agent that the circumstances giving rise to such repayment no longer apply, all Loans which would otherwise be made or continued as Eurodollar Option Loans shall, at the option of Duratekthe Borrowers, be made or continued instead as Base Rate Option Loans. (b) If, with respect to any Eurodollar Option Loan, Lenders owed at least 51% of the then aggregate unpaid principal amount thereof notify the Administrative Agent that the Eurodollar Rate for any Interest Period for such Loan will not adequately reflect the cost to such Lenders of making, funding or maintaining their Eurodollar Option Loans for such Interest Period, the Administrative Agent shall forthwith so notify Duratek the Borrowers' Agent and the Lenders which have made such Loan, whereupon (i) such Eurodollar Revolving Loan will automatically, on the last day of the then existing Interest Period therefor, be reborrowed as a Base Rate Revolving Loan, (ii) such Eurodollar Term Loan will automatically, on the last day of the then existing Interest Period therefor, be continued as a Base Rate Term Loan and (iiiii) the obligation of the Lenders which have made such Loan to make further or continue Eurodollar Option Loans shall be suspended until the Administrative Agent shall notify Duratek the Borrowers' Agent that such Lenders have determined that the circumstances causing such suspension no longer exist.