Sweep Date definition

Sweep Date. The cut off date and time for receiving instructions for transactions to be processed on the next Trade Date.
Sweep Date means the date established by the responsible Named Fiduciary as the cutoff date and time for the responsible Named Fiduciary to receive notification with respect to a financial transaction for an Accounting Period in order to be processed with respect to a Trade Date designated by the responsible Named Fiduciary (or, with respect to a specific Employee group, as may be provided in an Appendix).
Sweep Date means the date established by the Committee as the cutoff date and time for the Committee to receive notification with respect to a financial transaction in order to be processed with respect to a Trade Date.

Examples of Sweep Date in a sentence

  • Such instructions shall apply to amounts held in the Account on that Sweep Date.

  • For any transaction to be processed as of a Trade Date, the Trustee must receive instructions for the transaction by the Sweep Date.

  • Investment elections received by the Trustee by the Sweep Date shall be effective on the following Trade Date.

  • The Custodian shall process all withdrawal requests which it receives by a Sweep Date, based on the value as of the Trade Date to which it relates, and fund them on the next Settlement Date.

  • However, the $50,000 maximum is reduced by the Participant's highest outstanding loan balance during the 12 month period ending on the day before the Sweep Date as of which the loan is made.


More Definitions of Sweep Date

Sweep Date has the meaning assigned to that term in subsection 2.3A(i)(f).
Sweep Date means the date established by the Applicable Named Fiduciary as the cutoff date and time for the responsible Named Fiduciary to receive notification with respect to a financial transaction for an Accounting Period in order to be processed with respect to a Trade Date designated by the Applicable Named Fiduciary.
Sweep Date means with respect to any Fiscal Year, the 120th day following the end of such Fiscal Year.
Sweep Date shall have the meaning assigned to such term in Section 4.5(d) hereof.
Sweep Date means the Business Day on which a Transfer will be carried out.
Sweep Date means the date established by the Senior Vice President as the cutoff date and time for the Senior Vice President to receive notification with respect to a financial transaction in order to be processed with respect to such Trade Date.
Sweep Date has the meaning specified in Section 6.23(a).