Lock Box Agreements definition

Lock Box Agreements shall have the meaning set forth in Section 7.1(a).

Lock Box Agreements means all such Lock Box Agreements, collectively.

Lock Box Agreements as defined in Section 6.1(a).

Examples of Lock Box Agreements in a sentence

• The Lock Box Agreements with respect to each of the Lock-Box Accounts in the United States, duly executed by all of the parties thereto.

• The remaining students in the 6th through 8th grade are equally represented while KG aged students are the least represented at 2.6% of the sample.

• At any time after the occurrence of an Unmatured Default or an Event of Default, the Agent is hereby authorized to direct the Servicer, and the Servicer is hereby authorized and directed to comply with such direction, to give notice to the Lock-Box Banks, as provided in the Lock- Box Agreements, of the transfer to the Agent of dominion and control over the Lock-Boxes and related Lock-Box Accounts to which the Obligors of Receivables make payments.

• The Providers and RMS are authorized to maintain and/or establish and operate the Lock Box Accounts required by the Purchase Agreement and the other Funding Documents for the collection of the Provider’s Government Receivables and Non-Government Receivables in accordance with the terms and conditions of the Purchase Agreement and the other Funding Documents, and the Providers are authorized and directed to execute, deliver and perform under any and all Lock Box Agreements governing such Lock Box Accounts.

• The Agent, the Banks, the Borrower, and the Guarantors agree that the Agent's duties and responsibilities shall be limited to those set forth herein and in the Lock Box Agreements and in performing services hereunder and thereunder the Agent's -xl- legal duty to the Borrower and the Guarantors is limited to the exercise of ordinary care.

More Definitions of Lock Box Agreements

Lock Box Agreements means the agreements, in form and substance reasonably satisfactory to the Agent, among the Lock Box Banks, the Borrower and the Agent delivered to the Agent pursuant to Section 7.13 hereof as such agreements may be modified and supplemented and in effect from time to time.

Lock Box Agreements means those certain Blocked Depository Account Agreements, in form and substance satisfactory to Foothill, each of which is among Borrower, Foothill, and one of the Lock Box Banks.

Lock Box Agreements or a ""Lock-Box Agreement”) with the Bank or, subject to Lender’s prior approval, another financial institution as is acceptable to Lender (a ""Lock-Box Bank”) which shall be used for the sole and exclusive purpose of concentrating the collection of all remittances on Receivables and proceeds of other Collateral. All amounts on deposit in the Lock-Box Account, once established, shall be transferred on a daily basis to the Concentration Account by wire transfer of immediately available funds in a manner satisfactory to Lender. Unless otherwise agreed to by Lender, each Lock-Box Bank shall acknowledge and agree, pursuant to its respective Lock-Box Agreement, that all payments and deposits made to its Lock-Box Account are Collateral for the Obligations under this Agreement; that such Lock-Box Bank has no right to set off against its Lock-Box Account, except as expressly provided in its respective Lock-Box Agreement; and that such Lock-Box Bank will wire transfer immediately available funds, in a manner satisfactory to Lender, funds deposited into its Lock-Box Account to the Concentration Account on a daily basis as soon as such funds are collected. Each Borrower agrees that all payments, whether by cash, check, wire transfer or any other instrument on deposit in each Lock-Box Account, Blocked Account and the Concentration Account shall be -38-

Lock Box Agreements means each of the Lock Box Agreements on commercially reasonable terms and conditions, by and among the Lender, the Borrower and the applicable financial institution that recognizes the Lender's security interest in the contents of the checking, demand or other depository account which is the subject of such agreement and provides that such contents shall be transferred only to the applicable Lock Box Account or as otherwise instructed by Lender.

Lock Box Agreements shall have the meaning set forth in Section 10.11.

Lock Box Agreements shall have the meaning assigned to such term in Section 5.13(b).

Lock Box Agreements shall have the meaning set forth in Section 4.2(a).