Cash Sweep Account definition

Cash Sweep Account means the account described in Schedule 7.

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Cash Sweep Account means the account that is established by agreement between the broker and a financial institution where the Broker has a trust fund account, which shall be in accordance with the provisions of this rule.

Cash Sweep Account means an account at Agent established for the purpose of Section 2.14 hereof and any account(s) in substitution thereof or in addition thereto hereafter established in accordance with this Loan Agreement.

Examples of Cash Sweep Account in a sentence

Folio is not a bank and securities and other assets, unless expressly covered by the Insured Deposit Cash Sweep Account program terms and conditions, held in your Folio Account are not a deposit or other obligation issued or guaranteed by any bank nor are they insured by the Federal Deposit Insurance Corporation.
Administrative Agent shall only be required to consent to Borrower’s withdrawal of funds from the Cash Sweep Account upon satisfaction of the conditions set forth in Section 5 of Schedule 7 to the Loan Agreement to the extent funds are available on deposit in the Cash Sweep Account.
Borrower shall not be entitled to withdraw funds from the Cash Sweep Account without Administrative Agent’s written consent (which may be by e-mail).
Any net outflow of cash from the Feed Intercompany Cash Sweep Account to the Parent Swingline Account will be expressed as a positive number, and any net inflow of cash to the Feed Intercompany Cash Sweep Account from the Parent Swingline Account will be expressed as a negative number (such amount, whether expressed as a positive or negative number, the “Preliminary Intercompany Account Adjustment Amount”).
As of the Closing and after the Intercompany Account Adjustment Amount is determined pursuant to Section 2.3(a) hereof, no further transfers between the Feed Intercompany Cash Sweep Account and the Parent Swingline Account will be permitted, and the Feed Intercompany Cash Sweep Account will be closed.

More Definitions of Cash Sweep Account

Cash Sweep Account has the meaning set forth in Section 2.15(a) hereof.

Cash Sweep Account. As such term is defined in Section 8.6(b) hereof.

Cash Sweep Account means the account in Dollars established by the Borrower for the purpose of holding the Excess Cash amounts as provided in Section 5.16 of this Agreement.

Cash Sweep Account has the meaning assigned to such term in Section 4.0 l(a)(iv).

Cash Sweep Account means the account to be opened in the name of the Company with Zenith Bank and the details of which shall be communicated by the Company to all parties within 15 days of the date hereof. "Close Family Member of a Public Official" means a spouse, one of his/her children or parents.

Cash Sweep Account means a depositary account of MTS or a Subsidiary (a) in the case of a deposit of Cash Receipts derived from a retail store location within the United States or from account debtors located in, or making payments in or to, United States locations (i) as to which MTS or such Subsidiary has given irrevocable instructions to the depositary bank maintaining such account requiring the proceeds of such Cash Receipts to be transferred on each Business Day to a Concentration Account, (ii) which, if reasonably convenient, is maintained at a branch of a Lender and (iii) as to which the Collateral Agent has signature authority and (b) in the case of a deposit of Cash Receipts derived from a retail store location outside the United States or from account debtors located outside, and making payments in or to locations outside, the United States, as to which MTS or such Subsidiary has implemented such cash management arrangements as may be reasonably requested by the Collateral Agent or the Required Lenders in accordance with Section 5.11(b).