Cash Sweep has the meaning set forth in Section 5.2(b) of the Loan Agreement.

Cash Sweep shall have the meaning ascribed to the term under Section 12.7.1(C)(iii) of Part B hereof.

Cash Sweep shall have the meaning set out in Section 6.2(13).

Examples of Cash Sweep in a sentence

Until the occurrence of the Excess Cash Sweep Termination Event, at or prior to the Excess Cash Payment Date, if the Excess Cash Amount exceeds zero on an Excess Cash Measurement Date, the Issuer will make payments under the Notes to the Holders equal to a percentage of the applicable Excess Cash Available Amount in accordance with the terms and conditions set forth below.
Existing balances in your prior Cash Sweep Vehicle will be automatically transferred to the new Cash Sweep Vehicle you select.
Shares or cash held in your Cash Sweep Vehicle will be automatically redeemed in order to settle a transaction, serve as collateral for a margin loan or short sale, or satisfy any other obligations.
The selection of a more expensive share class of a Money Market Fund used as a Cash Sweep Vehicle will negatively impact your overall investment returns.
When selecting the share class for the Money Market Fund used as a Cash Sweep Vehicle, we do not, in all instances, select the share class with the lowest fees that is available from the fund company and these decisions are influenced by the additional compensation we receive.

More Definitions of Cash Sweep

Cash Sweep has the meaning set forth in Section 2.3(a).

Cash Sweep means the amounts repaid by the Borrower in respect of Facility A in accordance with clause 8.2(a)(i) (Cash Sweep).

Cash Sweep means, as of any Transfer Date, the amount of funds available at priority third of Section 3.3(d) of this Agreement as of such Transfer Date such that, after giving effect to the application of such amount to the prepayment of Loans in accordance with Section 2.1(f) of the Loan Agreement, no Repayment Event is continuing; provided, that, for the avoidance of doubt, if the amount of funds available at such priority is less than the amount required to eliminate any Repayment Event, the Cash Sweep shall be the full amount of funds available at such priority.

Cash Sweep means one hundred per cent (100%) of the Excess Cash Flow of the Ship and each Collateral Vessel aggregated for all Collateral Vessels and the Ship, commencing from the date of this Agreement until the time when the Total Deferred Amount is reduced to zero.

Cash Sweep shall have the meaning provided in Section 2.16(b)(ii).

Cash Sweep means, in respect of the Earnings of a Vessel, one hundred per cent (100%) of the Excess Cash Flow for the period commencing on the Delivery Date of each Vessel until the relevant Balloon is reduced to an aggregate amount of three million Dollars ($3,000,000) and fifty per cent (50%) of the Excess Cash Flow of each Vessel thereafter.

Cash Sweep has the meaning assigned to such term in Section 6.3(c).