IDC Disbursement definition

IDC Disbursement means an advance, in accordance with the Utilization procedures set forth in an Annex to the relevant Credit Agreement, of (i) the relevant IDC Amount and (ii) the Exposure Fee due and payable to Ex-Im Bank thereon (if financed).
Sample 1

Examples of IDC Disbursement in a sentence

  • A Guarantee will apply to all Disbursements (a) with respect to which Ex-Im Bank has issued a Guarantee Certificate to the Agent on behalf of all Lenders, (b) evidenced by either (i) a Note which bears a Guarantee Legend or (ii) a Note or Note Series with respect to which Ex-Im Bank has issued a Guaranteed Note Certificate or (c) in the case of IDC Disbursements, with respect to which the Agent has delivered one or more Notices of IDC Disbursement to Ex-Im Bank.

Related to IDC Disbursement

  • L/C Disbursement means a payment or disbursement made by an Issuing Bank pursuant to a Letter of Credit.

  • L/C Disbursements a payment or disbursement made by the Issuing Lender pursuant to a Letter of Credit.

  • LC Disbursement means a payment made by the Issuing Bank pursuant to a Letter of Credit.

  • Letter of Credit Disbursement means a payment made by Issuing Bank pursuant to a Letter of Credit.

  • Final Disbursement Date means the last date on which Lender may make a Disbursement set forth in Section 10 of the Loan Authorization Agreement (including as amended by an Extension) or, if such date is not a Business Day, the next succeeding Business Day; provided, however, to the extent that Lender has not received cash collateral in the amount of the Letter of Credit Obligations or an equivalent full indemnity from Borrower or Guarantor, as applicable, with respect to Letter of Credit Obligations outstanding on the Final Disbursement Date, the Final Disbursement Date with respect to an advance to fund a drawing under such Letter of Credit shall be no later than thirty (30) days after any such drawing which may be no later than the expiry date of the Letter of Credit related thereto.

  • State disbursement unit or "SDU" means the entity established in section 6 of the office of child support act, 1971 PA 174, MCL 400.236.

  • Drawing means the drawing or drawings specified in or annexed to the Specifications;

  • Protective Advance has the meaning assigned to such term in Section 2.04.

  • LC means Letter of Credit

  • Designated Disbursement Account means the account of the Borrower maintained with the Administrative Agent or its Affiliate and designated in writing to the Administrative Agent as the Borrower’s Designated Disbursement Account (or such other account as the Borrower and the Administrative Agent may otherwise agree).

  • Disbursement is defined in Section 2.6.2.

  • Reimbursement Obligation the obligation of the Borrower to reimburse the Issuing Lender pursuant to Section 3.5 for amounts drawn under Letters of Credit.

  • Agent Advance shall have the meaning provided in Section 2.01(e).

  • Minimum Disbursement Amount means Twenty-Five Thousand and No/100 Dollars ($25,000).

  • L/C Reimbursement Obligation means, for any Letter of Credit, the obligation of the Borrower to the L/C Issuer thereof, as and when matured, to pay all amounts drawn under such Letter of Credit.

  • Administrative Advance shall have the meaning given thereto in the Lead Securitization Servicing Agreement.

  • Swingline Advance means an advance made by the Swingline Lender, if any, to the Borrower pursuant to Section 2.

  • Reimbursement Date as defined in Section 2.4(d).

  • Agent Advances has the meaning set forth in Section 2.3(e)(i).

  • Controlled Disbursement Account means any accounts of the Borrowers maintained with the Administrative Agent as a zero balance, cash management account pursuant to and under any agreement between a Borrower and the Administrative Agent, as modified and amended from time to time, and through which all disbursements of a Borrower, any other Loan Party and any designated Subsidiary of a Borrower are made and settled on a daily basis with no uninvested balance remaining overnight.

  • Refunded Swingline Loans as defined in Section 2.7(b).

  • Loan Disbursement Handbook means ADB’s Loan Disbursement Handbook (2012, as amended from time to time);

  • Letter of Credit Advance means an advance made by the Issuing Bank or any Revolving Credit Lender pursuant to Section 2.03(c).

  • Revolving Advance has the meaning given in Section 2.1.

  • Issuing Lender Fees shall have the meaning set forth in Section 2.5(c).

  • L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.