Cash Sweep Accounts definition

Cash Sweep Accounts means each of the bank accounts held by the Issuer and Func Food Finland, respectively, with a Finnish bank, which has been pledged under the relevant Cash Sweep Account Pledge Agreement, and to which any FAST Bar Proceeds and Equity Capital Raising Proceeds (as applicable) shall be transferred pursuant to Clause 14.7 (Transfer of proceeds to the Cash Sweep Accounts).
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Cash Sweep Accounts means the Bareboat Charterer Earnings Account and the Other Accounts (except for the Initial Dividend Account).
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Cash Sweep Accounts means the Pledgor's Tenge denominated account, number 731467931 and the Pledgor's Dollar denominated account number 731070331, each designated as such in accordance with Section 5.16 (Cash Sweep) of the Loan Agreement;
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Examples of Cash Sweep Accounts in a sentence

  • Cash Sweep Accounts Generally; Not Exclusive Means of Compliance.

  • Standard functional size measurement (FSM) models [11,12,13] exist to quantify the functionality that the system provides to its users and to estimate how much effort and time it would take to implement this functionality.

  • Discuss consolidating City Bank Accounts into Restricted and Non-Restricted Checking or Savings accounts and to place in Insured Cash Sweep Accounts to earn a higher interest rate.

  • Employees who believe they were evaluated unfairly are more likely to lose self-esteem, which can lead to resentment of management and the company as a whole, ultimately lowering employee morale.

  • The City also maintains short- term investments in FDIC Insured Cash Sweep Accounts held by two local banks.

  • Cash SweepOn each of the Cash Sweep Payment Dates, as illustrated in the amortisation schedule below, the Issuer shall repay the Bonds in an amount equal to the Repayment Amount, being the aggregate balance on the Cash Sweep Accounts less an amount required to ensure that the Liquidity immediately following such repayment is USD 65 million (the "Cash Sweep Liquidity Threshold") but limited upwards to USD 20 million for each Cash Sweep Payment Date (such repayment a "Cash Sweep Payment").

  • Investments include Shore United Bank Insured Cash Sweep Accounts.


More Definitions of Cash Sweep Accounts

Cash Sweep Accounts means the account with account no. [●] opened in the name of Cash Pool Co and/or any other account opened by Cash Pool Co from time to time into which cash sweeps are made pursuant to Clause 23.1.26 (RigCo Group cash sweep) of this Agreement.
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Related to Cash Sweep Accounts

  • Management Accounts means unaudited accounts which shall incorporate a profit and loss statement, cash flow statement and balance sheet.

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Revenue Account means the Revenue Account established pursuant to the Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Debt Service Account means the Debt Service Account for General Obligation Temporary Notes, Series 2017-1 (within the Bond and Interest Fund) created pursuant to Section 501 hereof.

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Cash Management Accounts means the bank accounts of each Loan Party maintained at one or more Cash Management Banks listed on Schedule 8.01.

  • Designated Accounts as used in any security agreement means both the Designated Accounts hereunder and the “Designated Accounts” in the comparable agreement entered into with respect to any other Pledgor.

  • Interim Accounts means the unaudited consolidated quarterly financial statements of the Issuer for the quarterly period ending on each 31 March, 30 June, 30 September and 31 December in each year, prepared in accordance with GAAP.

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Financing Accounts means, collectively, the Credit Account and the Grant Account (or, where the context so requires, either of the Credit Account or the Grant Account).”

  • Cash Collateral Accounts shall have the meaning given such term in Section 9(a).

  • Reserve Accounts means the Tax Account, the Insurance Account, the Replacement Reserve Account, the Immediate Repair Account, the Leasing Reserve Account, the Excess Cash Flow Account, the Operating Expense Account, the Ground Rent Account and any other escrow account established by this Agreement or the other Loan Documents (but specifically excluding the Cash Management Account, the Restricted Account and the Debt Service Account).

  • Facility Account means the account of Seller at Bank One, Account ---------------- No. 10-36987.

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • Debt Service Reserve Account shall have the meaning given to it in the Depository Agreement.

  • L/C Cash Deposit Account means an interest bearing cash deposit account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Cash Management Account has the meaning set forth in Section 2.7(a).

  • Project Accounts means the accounts referred to in Section 3.03 (a) of this Agreement;

  • Collection Accounts As defined in Section 3.10(a).

  • Specified Reserve Account Balance means, for any Payment Date, an amount equal to 1.00% of the Pool Balance as of the Cut-Off Date; provided, however, on any Payment Date after the Notes are no longer Outstanding following payment in full of the principal and interest on the Notes, the “Specified Reserve Account Balance” shall be $0.

  • Lockbox Accounts means the accounts maintained by Borrower at the Lockbox Banks into which all collections or payments on their Accounts and other Collateral are paid.

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.