Cash Sweep Bank Account definition

Cash Sweep Bank Account means [*];
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Cash Sweep Bank Account. [*]; “Cash Sweep Credit Facilities” [*];
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Examples of Cash Sweep Bank Account in a sentence

  • The Guarantor shall maintain the Cash Sweep Bank Account during the Security Period (or for such shorter period as the Majority Cash Sweep Lenders may agree) free of Encumbrances and rights of set off other than the Account Charge.

  • Any accumulated interest in the Cash Sweep Bank Account remaining after 31 March 2011 shall be remitted to the Borrower.

  • Save as provided in this Clause 10.23.4, no sum may be withdrawn from the Cash Sweep Bank Account prior to 31 March 2011.

  • On 31 March 2011 the Borrower shall procure that the Total Cash Sweep Amount on the Cash Sweep Determination Dates of 31 December 2009 and 31 December 2010 held in the Cash Sweep Bank Account shall be applied in accordance with Clause 10.23.2 as if it were a single Total Cash Sweep Amount existing on 31 December 2010.

  • On 31 March 2011 the Guarantor shall procure that the Total Cash Sweep Amount on the Cash Sweep Determination Dates of 31 December 2009 and 31 December 2010 held in the Cash Sweep Bank Account shall be applied in accordance with Clause 12.2 as if it were a single Total Cash Sweep Amount existing on 31 December 2010.

  • Any accumulated interest in the Cash Sweep Bank Account remaining after 31 March 2011 shall be remitted to the Guarantor.

  • Save as provided in this Clause 12.4, no sum may be withdrawn from the Cash Sweep Bank Account prior to 31 March 2011.