Cash Sweep definition

Cash Sweep has the meaning set forth in Section 5.2(b) of the Loan Agreement.
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Cash Sweep shall have the meaning ascribed to the term under Section 12.7.1(C)(iii) of Part B hereof.
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Cash Sweep shall have the meaning set out in Section 6.2(13).
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Examples of Cash Sweep in a sentence

  • 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.

  • Please note if you elect not to participate in the Cash Sweep Program, accruing cash balances will not earn a rate of return prior to direct investment.


More Definitions of Cash Sweep

Cash Sweep means prepayment of the Facilities in accordance with clause 10.6 (Cash Sweep) of the CTA.
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Cash Sweep means the amounts repaid by the Borrower in respect of Facility A in accordance with clause 8.2(a)(i) (Cash Sweep).
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Cash Sweep has the meaning set forth in Section 2.4(a).
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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.
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Cash Sweep means a partial prepayment of the Bonds pursuant to Clause 9.5 (Cash Sweep).
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Cash Sweep means the amounts repaid by the Borrower in respect of Facility A in accordance with clause 8.2(a)(i) (Cash Sweep). "Cayman Companies Act" means the Companies Act (as revised) of the Cayman Islands. page 5
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Cash Sweep means repayments of the Bonds pursuant to Clause 10.2.
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