Lockbox Agreement definition

Lockbox Agreement means each agreement between a Borrower and a Clearing Bank concerning the establishment of a Lockbox for the collection of Receivables.

Lockbox Agreement means the Tri-Party Remittance Processing Agreement, ----------------- dated as of the date hereof, by and among the Lockbox Bank, the Servicer and Bank One, N.A., as Collateral Agent, as such agreements may be amended from time to time in accordance with the provisions hereof and thereof, unless such agreement shall be terminated in accordance with its terms, in which event "Lockbox Agreement" shall mean such other agreement, in form and substance acceptable to the Agent, among the Servicer, the Collateral Agent and the Lockbox Bank.

Lockbox Agreement means the Amended and Restated Lockbox Administration Agreement dated as of July 14, 2009 by and among the Lockbox Bank, the Servicer, the Trust Depositor, Harley-Davidson Warehouse Funding Corp., a Nevada corporation, The Bank of New York Mellon Trust Company, National Association, JPMorgan Chase Bank, National Association, Eaglemark Customer Funding Corporation IV, and Bank of America, National Association, with respect to the Lockbox Account, unless such agreement shall be terminated in accordance with its terms, in which event “Lockbox Agreement” shall mean such other agreement, in form and substance acceptable to the above-described parties; such term shall also include any other agreement having substantially the same terms as the existing agreement described above, between or among a Lockbox Bank, the Indenture Trustee and the Servicer, the Trust Depositor and any other parties in respect of any Lockbox Account.

Examples of Lockbox Agreement in a sentence

• The outgoing Servicer shall, upon the request of the Owner Trustee, but at the expense of the outgoing Servicer, deliver to the Successor Servicer all documents and records relating to each such Lockbox Agreement and an accounting of amounts collected and held by a Lockbox Bank and otherwise use its best efforts to effect the orderly and efficient transfer of any Lockbox Agreement to the Successor Servicer.

• The Servicer, acting as agent for the Trust pursuant to the Lockbox Agreement, shall use its best efforts to cause Obligors to make all payments on the Contracts to the Lockbox Account (either directly by remitting payments to the Lockbox, or indirectly by making payments through a direct debit, the telephone or the internet to an account of the Servicer which payments will be subsequently transferred from such account to the Lockbox Account).

• RANW MLS Company Participant Lockbox Agreement, February 2022 Page 4 of 6 Continued, Section 12, Report of Criminal Arrests or Convictions NOTE: Brokers are cautioned and reminded that under Wisconsin’s Fair Employment Law, arrest and conviction records may be used for employment purposes (including affiliation as an independent contractor) only if an arrest or conviction is substantially related to an employee’s or Keyholder’s prospective duties.

• In the event the Servicer shall for any reason no longer be acting as such, the Successor Servicer shall thereupon assume all of the rights and obligations of the outgoing servicer under each Lockbox Agreement; provided, however, that the Successor Servicer shall not be liable for any acts or obligations of the Servicer arising prior to such succession.

• In such event, the Successor Servicer shall be deemed to have assumed all of the outgoing Servicer’s interest therein and to have replaced the outgoing Servicer as a party to each such Lockbox Agreement to the same extent as if such Lockbox Agreement had been assigned to the Successor Servicer, except that the outgoing Servicer shall not thereby be relieved of any liability or obligations on the part of the outgoing Servicer to a Lockbox Bank under such Lockbox Agreement.

More Definitions of Lockbox Agreement

Lockbox Agreement means such other agreement, in form and substance acceptable to the Controlling Party, among the Servicer, the Trust Collateral Agent and the Lockbox Bank.

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

Lockbox Agreement means that certain Clearing Account Agreement dated the date hereof among Borrower, Lender and Lockbox Bank, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, relating to funds deposited in the Lockbox Account.

Lockbox Agreement means a letter agreement among a Lockbox Bank, the Seller, the Trust Collateral Agent, the Servicer and, if applicable, any Sub-Servicer, relating to one or more Lockbox Accounts, as the same may be amended, supplemented, amended and restated or otherwise modified from time to time in accordance with the terms thereof. So long as no Insurer Default shall have occurred and be continuing, any Lockbox Agreement is also required to be acceptable to the Insurer.

Lockbox Agreement. As defined in the Mortgage Loan Agreement.

Lockbox Agreement means (i) with respect to Loans pledged to secure the Series 2002-1 Notes, any agreement substantially in the form of Exhibit E by and between the Initial Issuer, the Trustee, the Master Servicer and the applicable Lockbox Bank, which agreement sets forth the rights of the Issuer, the Trustee and the applicable Lockbox Bank with respect to the disposition and application of the Collections deposited in the applicable Lockbox Account, including without limitation the right of the Trustee to direct the Lockbox Bank to remit all Collections directly to the Trustee and (ii) with respect to Loans pledged to secure an Additional Series, the lockbox agreements or similar arrangements described in the applicable Indenture and Servicing Agreement.

Lockbox Agreement means that certain Lockbox Agreement dated as of the date hereof, among Lender, the Borrower and the Lockbox Agent.