Lockbox Accounts definition

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.

Lockbox Accounts shall have the meaning given such term in Section 2.5.

Lockbox Accounts means the lockbox accounts established from time to time pursuant to the Lockbox Agreements in which all funds received pursuant to the Lockbox Agreements shall be deposited.

Examples of Lockbox Accounts in a sentence

• This transmittal letter releases Volume III, Part 2, including Chapter 1000: Deposits for Credit to Treasury's General Account; Chapter 2000: Deposits in Lockbox Accounts at Authorized Domestic Depositaries; and Chapter 3000: Reimbursement of Depositaries and Financial Agents.

• The Issuer has no other lockbox accounts for the collection of Scheduled Payments in respect of Pledged Loans except for the Lockbox Accounts.

• On October 12, a “cash sweep” of the funds on deposit in the Dollar Lockbox Accounts and Peso Lockbox Accounts commenced, which remained in effect as of the Petition Date.

• Borrowers shall, and shall cause each Credit Party to, cooperate with Agent in the identification and reconciliation on a daily basis of all amounts received in or required to be deposited into the Lockbox Accounts.

• Each Borrower and Guarantor and their respective employees, agents and Subsidiaries shall, acting as trustee for Agent, receive, as the property of Agent, any monies, checks, notes, drafts or any other payment relating to and/or proceeds of Accounts or other Collateral which come into their possession or under their control and immediately upon receipt thereof, shall deposit or cause the same to be deposited in the Lockbox Accounts, or remit the same or cause the same to be remitted, in kind, to Agent.

More Definitions of Lockbox Accounts

Lockbox Accounts have the respective meanings set forth in Section 2.7.

Lockbox Accounts. Each of the separate lockbox accounts or blocked accounts maintained at the applicable Lockbox Account Bank for the purpose of receiving Collections, the details of which are set forth on Schedule VI, as such schedule may be amended from time to time.

Lockbox Accounts means each lockbox account established by the Debtor into which collections on Receivables are deposited.

Lockbox Accounts means each deposit account listed on Schedule I hereto under the heading “Lockbox Accounts” and any other lockbox account established by the Lien Grantor into which collections on Pledged Receivables are deposited.

Lockbox Accounts means, collectively and each individually, the Deposit Accounts maintained by Borrower at the Lockbox Banks into which all collections or payments on Borrower’s Accounts and other Collateral are paid and which Accounts and other Collateral are subject to Lender’s security interest granted by a Borrower.

Lockbox Accounts has the meaning set forth in Section 5(A).

Lockbox Accounts has the meaning set forth in the Security Agreements.