Advances of Loans. Subject to the terms and conditions of this Agreement, Borrower may borrow, repay and reborrow Loans under the Revolving Credit Loan, provided that the outstanding principal balance of the Revolving Credit Loan shall not at any time exceed the amount permitted under Section 2.1 above. Loans shall be disbursed as follows:
Advances of Loans. 25 2.6 Interest.......................................................................................27 2.7 Alternate Rate of Interest if LIBOR Unavailable................................................28 2.8 Change in Circumstances........................................................................29 2.9 Change in Legality of LIBOR Loans..............................................................30 2.10
Advances of Loans. 12 3.2. The Notes...................................................................12 3.3. Notice and Manner of Borrowing..............................................13 3.4. Interest....................................................................13 3.5.
Advances of Loans. Subject to the terms and conditions of this Agreement, the Borrower may borrow, repay and reborrow Revolving Credit Loans, provided that the outstanding principal balance of the Revolving Credit Loans shall not at any time exceed the respective amounts permitted under Section 2.1 above. Loans shall be disbursed as follows:
Advances of Loans. 21 2.5.1 Loans Advanced Pursuant to Borrowing Notices......................................... 21 2.5.1(a) Applicability............................................................... 21 2.5.1(b) Borrowing Notices........................................................... 21 2.5.1(c) Funding of Loans............................................................ 21 2.5.1(d) Prime Rate Loan Limitations................................................. 21 2.5.1(e) LIBOR Loan Limitations...................................................... 22 2.5.1(f) Additional Limitation on LIBOR Interest Periods............................. 22 2.5.2 Conversion of Loans.................................................................. 22 2.5.2(a) Application of Loans........................................................ 22 2.5.2(b) Notices of Conversions...................................................... 22 2.5.3 Absence of Election..................................................................... 22 2.5.4 Implied Representations Upon Request for Loan........................................... 22 2.5.5 Advance Not Waiver...................................................................... 22 2.5.6 Draws by Debit Memorandum............................................................... 23 2.6 Interest........................................................................................... 23 2.6.1 Prime Rate Loans..................................................................... 23 2.6.2
Advances of Loans. Advances shall be made no more frequently ----------------- than once in each week, shall be in an amount not less than $250,000 and shall be in an integral multiple of $50,000. Each request for an Advance must be received by the Lender not later than 11:30 a.m., Birmingham, Alabama time, on the day which such Advance is to be made in the case of a Base Rate Loan or Quoted Cost of Funds Rate Loan. Each request for an Advance shall be in the form attached hereto as Exhibit B ("Request for Advance or Interest Rate --------- Election") and shall specify the amount of the Advance requested, the date as of which the Advance is to be made, and shall provide the interest rate information called for in Section 32. The Lender shall accept from the Borrowers telephonic or facsimile requests for Advances without requiring the submission of a Request for Advances or Interest Rate Election form. Any request for Advances not made in writing shall be promptly confirmed in writing. Not later than 1:00 P.M. Birmingham, Alabama time, on the date specified for each Advance hereunder, the Lender shall make available the amount of the Advance to be made by it on such date to the Borrowers by depositing the proceeds thereof into an account with the Lender in the name of the Borrowers. The Lender's obligation to make Advances shall terminate, if not sooner terminated pursuant to other provisions of this Agreement, on the Termination Date. The Lender shall have no obligation to make Advances if a Default has occurred and is continuing. Each Request for Advance or Interest Rate Election, whether submitted under this Section 22 in connection with a requested Advance or under Section 32 in connection with an interest rate election, shall be signed by an officer of Hibbett designated as authorized to sign and submit Request for Advance or Interest Rate Election forms in the documents submitted to the Lender pursuant to Section 63 below. Hibbett may, from time to time, by notice to the Lender, terminate the authority of any person to submit Request for Advance or Interest Rate Election forms and designate new or additional persons to so act by delivering to the Lender a certificate of the Secretary or Assistant Secretary of Hibbett certifying the incumbency and specimen signature of each such person. The Lender shall be entitled to rely conclusively upon the authority of any person so designated by Hibbett.
Advances of Loans. Subject to the terms and conditions of this Agreement, Borrower may borrow, repay and reborrow Loans under the Credit Facilities, provided that the outstanding principal balance of the Acquisition Loan and the Working Capital Loan, respectively, shall not at any time exceed the amounts permitted under Sections 2.1 and 2.4 above, and further provided that no new borrowings may be obtained after January 1, 1997, if amortization of the Credit Facilities is then required under Section 2.13 hereof. Loans shall be disbursed as follows:
Advances of Loans. 15 2.6 Interest..............................................18 2.7 Alternate Rate of Interest if LIBOR Unavailable.......19 2.8
Advances of Loans and other advances among the Borrower and its Subsidiaries, subject to the provisions of Section 6.11(v);
Advances of Loans. Except as otherwise provided in Section 2.1(b) or except as may be consistent with the provisions of the Control Account Credit Line Service Agreement executed by the Borrowers in favor of the Lender, Advances shall be made no more frequently than once in each week, shall be in an amount not less than $250,000 and shall be in an integral multiple of $50,000. Each request for an Advance must be received by the Lender not later than (x) 11:00 a.m., Birmingham, Alabama time, at least three Business Days prior to the date of any LIBOR Advance and (y) 11:30 a.m., Birmingham, Alabama time, on the day which such Advance is to be made in the case of a Base Rate Advance or Quoted Cost of Funds Rate Advance. Each request for an Advance shall be in the form attached hereto as Exhibit B ("Request for Advance or Interest Rate Election") and shall specify the amount of the Advance requested, the date as of which the Advance is to be made, the amount of the Advance, if any, attributed to the Reserve Facility and shall provide the interest rate information called for in Section 3.2. The Lender shall accept from the Borrowers telephonic requests for Advances without requiring the submission of a Request for Advances or Interest Rate Election form. Any request for Advances not made in writing shall be promptly confirmed in writing. Not later than
