Sweep Day definition

Sweep Day means a designated, pre-scheduled day on which funds are transferred from the retailer account to the lottery by EFT. Contract Period and Sales Authorization This Contract shall remain in effect for up to three years and shall expire on the date shown on the Certificate of Authority. The Lottery Administrator, in his or her sole discretion, may renew or terminate this Contract. However, the Retailer acknowledges that it does not have a substantial interest in, or a legal or equitable right to, a contract renewal. Incorporated by reference, attached Appendix A specifies whether the Retailer is authorized to conduct sales on a year-round, temporary or seasonal basis. Contract Not Assignable or Transferable This Contract may not be assigned or transferred from one person or location to another. Retailer is not an Employee or Agent of the State The Retailer is not an employee or agent of the State of Wisconsin and is not entitled to any right, privilege, or benefit which would accrue to an employee or agent of the State of Wisconsin.
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Related to Sweep Day

  • Cash Sweep Period means each period commencing on the occurrence of a Cash Sweep Event and continuing until the earlier of (a) the Payment Date next occurring following the related Cash Sweep Event Cure, or (b) until payment in full of all principal and interest on the Loan and all other amounts payable under the Loan Documents.

  • Debt Service Reserve Fund Requirement means, with respect to the 2013 Series C Bonds and as of each determination date, an amount equal to maximum annual debt service on the 2013 Series C Bonds Outstanding from time to time and, with respect to any other Series of Bonds, the amount set forth in the Related Series Indenture.

  • Reserve Fund Required Amount means, (i) for any Payment Date on which the Note Balance is greater than $0, $3,485,416.70 (i.e., 0.25% of the Cutoff Date Adjusted Pool Balance) or (ii) if the Notes have been paid in full, $0.

  • Excess Cash Flow Payment Date means the date occurring ten (10) Business Days after the date on which the Borrower’s (or Parent Company’s) annual audited financial statements are required to be delivered pursuant to Section 9.01(b) (or Section 9.01(c)) (commencing with respect to the fiscal year ending December 31, 2021).

  • Cash Dominion Trigger Period means the period commencing on the occurrence of a Cash Dominion Trigger Event, and continuing until the date that (a) no Event of Default shall be continuing and (b) Excess Availability is greater than or equal to the greater of (i) 15.0% of the Line Cap and (ii) $6,250,000, in each case, for a period of at least three (3) consecutive Business Days.