Common use of Eurodollar Basis Determination Inadequate or Unfair Clause in Contracts

Eurodollar Basis Determination Inadequate or Unfair. If, with respect to any proposed Eurodollar Option Loan for any Interest Period, the Administrative Agent determines after consultation with the Lenders that deposits in Dollars (in the applicable amount) are not being offered to each of the Lenders in the relevant market for such Interest Period, the Administrative Agent shall forthwith give notice thereof to EnergySolutions and the Lenders, whereupon until the Administrative Agent notifies EnergySolutions that the circumstances giving rise to such situation no longer exist, the obligations of any affected Lender to make or continue Eurodollar Option Loans shall be suspended.

Appears in 3 contracts

Samples: Credit Agreement (EnergySolutions, Inc.), Credit Agreement (EnergySolutions, Inc.), Credit Agreement (EnergySolutions, Inc.)

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Eurodollar Basis Determination Inadequate or Unfair. If, with respect to any proposed Eurodollar Option Loan for any Interest Period, the Administrative Agent determines after consultation with the Lenders that deposits in Dollars (in the applicable amount) are not being offered to each of the Lenders in the relevant market for such Interest Period, the Administrative Agent shall forthwith give notice thereof to EnergySolutions Duratek and the Lenders, whereupon until the Administrative Agent notifies EnergySolutions Duratek that the circumstances giving rise to such situation no longer exist, the obligations of any affected Lender to make or continue Eurodollar Option Loans shall be suspended.

Appears in 3 contracts

Samples: Credit Agreement (EnergySolutions, Inc.), Credit Agreement (EnergySolutions, Inc.), Credit Agreement (EnergySolutions, Inc.)

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Eurodollar Basis Determination Inadequate or Unfair. If, with respect to any proposed Eurodollar Option Term Loan for any Interest Period, the Administrative Agent determines after consultation with the Lenders that deposits in Dollars (in the applicable amount) are not being offered to each of the Lenders in the relevant market for such Interest Period, the Administrative Agent shall forthwith give notice thereof to EnergySolutions and the Lenders, whereupon until the Administrative Agent notifies EnergySolutions that the circumstances giving rise to such situation no longer exist, the obligations of any affected Lender to make or continue Eurodollar Option Term Loans shall be suspended.

Appears in 1 contract

Samples: Second Lien Credit Agreement (EnergySolutions, Inc.)

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