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).
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.