Sweep Procedure. Customer authorizes the Bank to transfer funds between the Transaction DDA and the Investment Sweep Account as described below: a. Review of Account: The Bank shall review the balance of available funds in the Transaction DDA after the Cut- Off Time each Banking Day to calculate necessary transfers to or from the Transaction DDA.
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Samples: Master Treasury Management Services Agreement, Master Treasury Management Services Agreement, Master Treasury Management Services Agreement
Sweep Procedure. Customer authorizes the Bank to transfer funds between the Transaction DDA and the Investment Sweep Account as described below:
a. Review of Account: The Bank shall review the balance of available funds Collected Funds in the Transaction DDA after the Cut- Cut-Off Time each Banking Business Day to calculate necessary transfers to or from the Transaction DDA.
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