Exactly.
For example, here's an example of a battle sequence.
Risp Attacks Xion with Heavy Blade!
Xion uses Blink!
Risp Attacks Xion with his Overdrive Attack!
Xion is dead and crispy.
See, I can't blink out of an overdrive. So I need to use caution with the Blink ability, since I need a cooldown...my next action phase.
Don't worry, I have a failsafe for this too.
Edit: My error. I meant to say "I can't blink out of the second move, the overdrive." I can blink out of overdrives, but that's only if Blink is a readied spell.
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