Sweep Account Agreement definition

Sweep Account Agreement has the meaning specified in Section 2.04(b).
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Sweep Account Agreement means any agreement between Borrowers and Lender establishing a sweep account arrangement, and all amendments, modifications and replacements thereof.
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Sweep Account Agreement means the Zions First National Bank Government Money Market Sweep Account Agreement dated January 5, 2000 between Borrower and Lender, and all amendments, modifications, and replacements thereof.
Sample 1

Examples of Sweep Account Agreement in a sentence

  • Except as expressly modified hereby, the terms and conditions of the Sweep Account Agreement shall remain in full force and effect.

  • All references in the Sweep Account Agreement to a “Commercial Loan Line” or similar references to a line of credit are amended to refer to the Revolving Loan.

  • Additionally, at the election of Borrowers, the Revolving Loan may be linked to the Sweep Account pursuant to the Sweep Account Agreement.

  • Additionally, at the election of Borrower, the Promissory Note may be linked to the Sweep Account pursuant to the Sweep Account Agreement.

  • If Borrower has not complied with the requirements of Section 7.10 with respect to the Sweep Account and Sweep Account Agreement as of April 29, 2012, Borrower shall immediately repay the aggregate outstanding Revolving Loans.

  • All references in the Sweep Account Agreement to the "Commercial Loan Line with Zions Bank" are amended to refer to the Line of Credit.

  • All references in the Sweep Account Agreement to the “Commercial Loan Line with Zions Bank” are amended to refer to the Loan.

  • At the election of Borrowers, the Revolving Note may be linked to the Sweep Account pursuant to the Sweep Account Agreement.

  • In the case of Transactions terminable upon demand, ----------- such demand shall be made by Buyer or Seller as provided in the Sweep Account Agreement, and, in any event, no later than such time as is customary in accordance with market practice, by telephone or otherwise on or prior to the business day on which such termination will be effective.

  • An agreement to enter into a Transaction may be made ---------- orally or in writing, or automatically, as provided in the Sweep Account Agreement between the parties, at the initiation of either Buyer or Seller.


More Definitions of Sweep Account Agreement

Sweep Account Agreement has the meaning set forth in Section 2.4(g) hereof.
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Related to Sweep Account Agreement

  • Account Agreement means the agreements for the operation of the Account.

  • Blocked Account Agreement means an agreement among the Borrower, the Agent and a Clearing Bank, in form and substance reasonably satisfactory to the Agent, concerning the collection of payments which represent the proceeds of Accounts or of any other Collateral.

  • Clearing Account Agreement means that certain agreement relating to clearing account services by and among Mortgage Borrower, Lender and Clearing Account Bank, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, relating to the operation and maintenance of, and application of funds in, the Clearing Account.

  • Controlled Account Agreement has the meaning specified therefor in the Security Agreement.

  • Collection Account Control Agreement means that certain Collection Account Control Agreement, to be entered into by and among the Borrower, the Lender and Bank, with respect to the Collection Account, in form and substance acceptable to the Lender and the Borrower, as the same may be amended, modified or supplemented from time to time.

  • Deposit Account Control Agreement means an agreement, in form and substance satisfactory to the Agent (in its Permitted Discretion), among any Loan Party, a banking institution holding such Loan Party’s funds, and the Agent with respect to collection and control of all deposits and balances held in a deposit account maintained by any Loan Party with such banking institution, as amended, supplemented or otherwise modified from time to time in accordance with the terms thereof.

  • Account Control Agreement means the Account Control Agreement relating to the Accounts, dated as of the Closing Date, among the Borrower, the Servicer, the Administrative Agent and the Account Bank.

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Control Agreement is any control agreement entered into among the depository institution at which Borrower maintains a Deposit Account or the securities intermediary or commodity intermediary at which Borrower maintains a Securities Account or a Commodity Account, Borrower, and Bank pursuant to which Bank obtains control (within the meaning of the Code) over such Deposit Account, Securities Account, or Commodity Account.