Common use of Cash Sweep Program Clause in Contracts

Cash Sweep Program. Under the Cash Sweep Program ("Sweep Program"), cash balances in your Advantage Account are automatically swept into your selected sweep option. The Sweep Program is described more fully in the Cash Sweep Program Disclosure Statement, which you will receive with your General or Basic Brokerage Account Agreement and Disclosure. You should read this carefully. You authorize and direct us to automatically withdraw cash from your Advantage Account when needed to satisfy a debit balance or any other obligation to us in connection with your Advantage Account. If we fail to deposit balances according to this Advantage Agreement, our liability will be limited to the actual amount of the interest you would have earned had the balance been deposited into the Sweep Program.