Sweep arrangement definition

Sweep arrangement means an arrangement that provides for a temporary or permanent transfer of funds from 1 trust account to another trust account when a predetermined time, account balance, or other condition occurs or is fulfilled.
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Sweep arrangement has the meaning assigned thereto in Section 2.2(a).
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Sweep arrangement means that term as defined in Section 2.2(c)(i)(B) hereof.
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Examples of Sweep arrangement in a sentence

  • Wairarapa DHB Borrowing Schedule as at 30 April 2020Facility Limit Maturity Date$000Balance 30-Apr$000OCRInterest Rate Paid/PayableWorking Capital- NZ Health Partnerships Sweep arrangement( 5,642)- 1.00%Selina Sutherland( 700)$-7% Fixed Margin plus OCRTotal Borrowing( 6,255)$-The bank account was not overdrawn during the month.

  • Add the account to your existing Set Off arrangement Note: If the newly opened account needs to be added to Liquidity Management or an existing/new Sweep arrangement, please advise the Customer Enablement team when submitting this form.


More Definitions of Sweep arrangement

Sweep arrangement is defined in Section 2.1(c).
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Sweep arrangement has the meaning assigned to it in Section 2.18(g).
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Sweep arrangement means the arrangements addressing deemed request for a Loan as set forth in Section 2.3(b).
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Related to Sweep arrangement

  • Access Arrangement means an arrangement for access to a Covered Pipeline that has been approved by the Relevant Regulator.

  • netting arrangement means an arrangement under which a number of claims or obligations can be converted into a single net claim, including close-out netting arrangements under which, on the occurrence of an enforcement event (however or wherever defined) the obligations of the parties are accelerated so as to become immediately due or are terminated, and in either case are converted into or replaced by a single net claim, including ‘close-out netting provisions’ as defined in point (n)(i) of Article 2(1) of Directive 2002/47/EC and ‘netting’ as defined in point (k) of Article 2 of Directive 98/26/EC;

  • Cash Management Agreement means any agreement to provide cash management services, including treasury, depository, overdraft, credit or debit card, electronic funds transfer and other cash management arrangements.

  • Secured Cash Management Agreement means any Cash Management Agreement that is entered into by and between any Credit Party and any Cash Management Bank.

  • General Arrangement Drawings shall have the meaning set forth in Clause 3.1 (iii) (b);

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

  • Tax Sharing Arrangement means any written or unwritten agreement or arrangement for the allocation or payment of Tax liabilities or payment for Tax benefits with respect to a consolidated, combined or unitary Tax Return which includes the Company.