Duratek definition
Examples of Duratek in a sentence
Such efforts, cooperation and assistance shall include, but are not limited to, EnergySolutions’, Duratek’s, Parent’s or their respective agents’ attendance at public hearings and, to the extent necessary, the use of the knowledge, expertise and information of EnergySolutions, Duratek, Parent and their respective agents, experts and employees.
Notwithstanding anything to the contrary contained above, Parent must at all times directly or indirectly own 100% of the Equity Interests of each of EnergySolutions and Duratek.
For the purposes of calculating the mandatory prepayment required by this Section 2.8(a), “Net Proceeds” shall exclude all Net Proceeds received by Duratek and its Subsidiaries; provided that “Duratek and its Subsidiaries” shall not include EnergySolutions and its Subsidiaries if EnergySolutions is a Subsidiary of Duratek.
For the purposes of this Section 2.8(c), if EnergySolutions is a Subsidiary of Duratek, all references to Duratek and/or its Subsidiaries (i) shall include Parent and/or its Subsidiaries but (ii) shall not include EnergySolutions and/or its Subsidiaries.
The Collateral Agent may resign at any time by giving written notice of such resignation to the Lenders and Duratek.
Without limitation of the foregoing, each Lender agrees to reimburse each Agent promptly upon demand for its ratable share of any costs and expenses (including, without limitation, fees and expenses of counsel) payable by Duratek under Section 11.2, to the extent that such Agent is not promptly reimbursed for such costs and expenses by Duratek.
A certificate of such Lender setting forth the amount to be paid to such Lender by Duratek as a result of any event referred to in this paragraph and supporting calculations in reasonable detail shall be conclusive, absent manifest error.
It is the express intent hereof that Duratek not pay and the Lenders not receive, directly or indirectly in any manner whatsoever, interest in excess of that which may legally be paid by Duratek under Applicable Law.
If any Lender demands compensation under this Section 10.3, Duratek may at any time, upon at least five (5) Business Days’ prior notice to such Lender, prepay in full the then outstanding affected Eurodollar Loans of such Lender, together with accrued interest thereon to the date of prepayment, along with any reimbursement required under Section 2.11 hereof.
The entries in the Register shall be conclusive, absent manifest error, and Duratek, the Administrative Agent and the Lenders shall treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary.