Method of Advance. Whenever the Borrower desires the Bank to make an Advance under either of the Lines of Credit, the Borrower, by an Authorized Officer shall give the Bank notice by not later than 1:30 p.m., Indianapolis time on the day of the proposed Advance which shall be a Business Day, which notice shall specify the amount and the proposed date of the Advance and whether such Advance is being taken under Line of Credit A or Line of Credit B. Such notice shall be given in writing (which may be a facsimile transmission or e-mail) and the Bank, in making an Advance, shall be authorized to rely on any such notice which shall have been received by it in good faith from a Person reasonably believed to be an Authorized Officer. All Advances will be made to the Borrower by a credit to the Borrower's account maintained at the Bank. All advances by Bank and payments by Borrower shall be recorded by Bank on its books and records, and the principal amount outstanding from time to time, plus interest payable thereon, shall be determined from the books and records of Bank. The books and records of Bank shall be presumed prima facie correct as to such matters, absent manifest error.
Method of Advance. 14 2.4.1. Revolving Commitment.................................14 2.4.2. General..............................................14 2.5. Procedures for Electing Optional Rates..........................14 2.6. Fees............................................................16 2.6.1. Commitment Fee - Revolving Commitment................16 2.6.2. Closing Fee .........................................17 2.7. Reductions of Revolving Commitment .............................17 2.8. Issuance of Letters of Credit ..................................17 2.9. Letters of Credit Fees..........................................18 2.10. Reimbursement of Letters of Credit ............................18 2.11. Use of Proceeds................................................19 SECTION 3. Guaranty...........................................................19 SECTION 4.
Method of Advance. 21 2.4.1. Revolving Loans.............................21 2.4.2. Cash Management Line........................22 2.4.3. General.....................................22 2.5. Procedures for Electing the Fixed Rate Option.................23 2.6. Fees..........................................................24 2.6.1. Commitment Fee..............................24 2.6.2 Initial Facility Fees.......................24 2.6.3. Agent Fees..................................24 2.6.4 Letter of Credit Fees.......................24 2.6.5. General.....................................24 2.7. Reductions in Revolving Loan Commitment.......................24 2.8. Non-Receipt of Funds by the Agent.............................25 2.8.1. From the Lenders............................25 2.8.2. From Borrower...............................25
Method of Advance. 19 (a) Revolving Commitment..................................................................19 (b) Swing Line Loans......................................................................19 (c)
Method of Advance. 12 (a) Facility 1 Line of Credit......................................12 (b) General........................................................12 (c)
Method of Advance. (a) Facility 1
Method of Advance. 13 Section 2.9 Taxes..................................................13 Section 2.10 Changes in Capital Adequacy Regulations................14
Method of Advance. ADIC must provide the Advance:
Method of Advance. Any Advance made by Lender under any option for disbursement, or so much thereof as Lender may consider proper, may be disbursed to Borrower or its order or, at Lender's election, directly to the persons furnishing labor and/or materials, or to both. Lender shall have no obligation to see that the disbursements made by it to Borrower or any designee of Borrower are actually used by that party to pay for labor and materials furnished for construction of the Improvements. Borrower acknowledges that this is its responsibility, and Borrower assumes all risks in connection with any disbursement to any such designee.
Method of Advance
