IC-DISC definition
Examples of IC-DISC in a sentence
The costs and tax savings for utilizing the services of the IC-DISC shall be determined and agreed to by the Exporter and the assigned IC-DISC.
In furtherance of the foregoing, (a) Net Cash Flow relating to dividends received from IC-DISC attributable to patronage transactions occurring for the period January 1 through August 31 shall be distributed to Unit Holders of record as of August 31; and (b) Net Cash Flow relating to dividends received from IC-DISC attributable to patronage transactions occurring for the period September 1 through December 31 shall be distributed to Unit Holders of record as of December 31.
The Manager may charge the Company for any direct and indirect expenses reasonably incurred in connection with the management of the Company and the Company’s business including reasonable salaries of its employees to the extent attributable to management of the Company and the Property, to the extent not already charged to the IC-DISC.
IC-DISC is a “variable interest entity” and Seller does not have any equity or other ownership interest in IC-DISC.
As of the Closing Date, (i) each of the IC-DISC Notes 3/4 and the IC -DISC Notes have been paid in full and terminated, (ii) there are no payments due and owing, or any accruals, commissions or other obligations or liabilities, from any Loan Party or Subsidiary to, or in favor of, My Worldwide and (iii) My Worldwide has been dissolved.
Not less than 5 Business Days prior to the date of any payment permitted under this clause (a), a Senior Officer of Borrower Agent shall certify to Agent that all conditions to such payment have been satisfied under this Agreement and the ▇▇▇▇▇▇/▇▇▇▇▇▇▇ Subordination Agreements, ▇▇▇▇▇▇▇ Note Intercreditor Agreement, or IC-DISC Subordination Agreements, as applicable.
Buyers will, and will cause the Company to, make such adjustments and/or payments of the commission and dividend amounts between the Company and Pullman Industries IC-DISC, Inc.
The Company does not own of record or beneficially any equity ownership interest in any other Person, nor is it a partner or member of any partnership, limited liability company or joint venture (other than with respect to the ownership of the IC-DISC by the Company as set forth on Section 4.2(b) of the Disclosure Letter).
By: Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇ Title: Chief Financial Officer ▇▇▇▇▇▇ WIRELESS IC-DISC, INC.
Except for Per-Form and ▇▇▇▇▇ Medical IC-DISC, Inc., a Delaware corporation (“IC-DISC”), Seller has no Subsidiaries or “variable interest entities” (as such term is used in GAAP) and is not a party to any partnership or joint venture agreement or arrangement.