LOCK BOX AUTHORIZATION Clause Samples

The Lock Box Authorization clause grants a designated party the authority to access and manage funds deposited into a specific bank account, often referred to as a lock box. In practice, this means that payments made to the account, such as customer receipts, are automatically controlled and processed by the authorized party, typically a lender or agent, who may apply the funds to outstanding obligations. This clause is essential for ensuring that payments are securely collected and properly allocated, reducing the risk of misappropriation and providing assurance to creditors regarding the flow of funds.
LOCK BOX AUTHORIZATION. Owner approves the use of a lock box system to show and access the Property. Yes
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LOCK BOX AUTHORIZATION. Broker may utilize a lock box to access the premises, unless specified by initialing here . If a lock box is authorized, Landlord shall hold Broker, persons working through Broker, and Broker’s local Realtor Board/Association harmless for any claims, vandalism, or theft arising out of the lock box misuse by a criminal. Owner authorizes Broker to deliver the key to the Property for any cooperating real estate broker or salesperson for the purpose of showing the Property. Owner is advised to secure or remove valuables from the Property. If Property is Tenant occupied, Tenant must give written approval or acknowledgement before a lock box is used. Broker may employ a key check out system or provide key box codes to prospective Tenants and/or their real estate representatives. Unless Broker receives written notice otherwise, Owner approves the use of alpha or numerical coded lock box for access as described above.
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LOCK BOX AUTHORIZATION. Broker may employ a key check out system or provide key box number codes to real estate representatives only. Owner approves the use of a number coded lock box for showing access the Property.
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LOCK BOX AUTHORIZATION. Owner approves the use of a lock box system to show and access the Property. Yes No If Yes, Provided by: Broker Owner Broker ( ) ( ) and Owner ( ) ( ) acknowledge receipt of a copy of this page which is page 1 of 4
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LOCK BOX AUTHORIZATION. Owner understands RMS uses a lock box system to show and access the Property unless otherwise agreed by the parties.
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LOCK BOX AUTHORIZATION. It is not uncommon for inspectors and appraisers to utilize a lock box to access property to conduct inspections and appraisals. However, these inspectors and appraisers are not always participants of an MLS. The MAR Forms Subcommittee was concerned that language in the listing agreements concerning lock box use could be interpreted to limit such use only to participants of the MLS. Therefore individuals hired to inspect and appraise the listed property were added to the Lock Box Authorization section of all listing agreements as individuals who are authorized by the seller to access the listed property provided such access is permitted by the applicable rules of the MLS in which the property is listed.
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LOCK BOX AUTHORIZATION. After marketing, Broker may utilize a lock box to access the premises, unless specified by initialing here . Lock boxes are used to allow easy fast access to show the premises to a prospective Tenant, as well as for maintenance and repairs. If a lock box is authorized, Landlord shall hold Broker, persons working through Broker, and ▇▇▇▇▇▇’s local Realtor Board/Association harmless for any claims, vandalism, or theft arising out of the lock box misuse by a criminal. Owner authorizes ▇▇▇▇▇▇ to deliver the key to the Property for any cooperating real estate broker or salesperson for the purpose of showing the Property, or maintenance or repair person for making repairs to the Property. Owner is advised to secure or remove valuables from the Property. If Property is Tenant occupied, Tenant must give written approval or acknowledgement before a lock box is used. Broker may employ a key check out system or provide key box codes to prospective Tenants and/or their real estate representatives. Unless Broker receives written notice otherwise, Owner approves the use of alpha or numerical coded lock box for access as described above.
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Related to LOCK BOX AUTHORIZATION

  • ACH Authorization Merchant authorizes Service Provider to initiate debit/credit entries to the Designated Account, the Reserve Account, or any other account maintained by Merchant at any institution, all in accordance with this Agreement. This authorization will remain in effect beyond termination of this Agreement. In the event Merchant changes the Designated Account, this authorization will apply to the new account.

  • Borrower's Authorization Borrower shall have provided in form and substance satisfactory to Lender properly certified resolutions, duly authorizing the execution and delivery of this Agreement, the Note and the Related Documents. In addition, Borrower shall have provided such other resolutions, authorizations, documents and instruments as Lender or its counsel, may require.

  • Power; Authorization Such Investor has all requisite power and authority to execute and deliver this Agreement. This Agreement, when executed and delivered by such Investor, will constitute a valid and legally binding obligation of such Investor, enforceable in accordance with its respective terms, except as: (a) limited by applicable bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting enforcement of creditors’ rights generally; and (b) limited by laws relating to the availability of specific performance, injunctive relief or other equitable remedies.

  • Government Authorization No consent, approval, order or authorization of, or registration, declaration or filing with, or notice to, any Governmental Entity, is required by or with respect to Pubco in connection with the execution and delivery of this Agreement by Pubco, or the consummation by Pubco of the transactions contemplated hereby, except, with respect to this Agreement, any filings under the Nevada Statutes, the Securities Act or the Exchange Act.

  • Written Authorization Prior to performing any Professional Services in connection with the Tasks, the Design Professional shall obtain from the City a written authorization to proceed. Further, throughout the term of this Agreement, the Design Professional shall immediately advise the City in writing of any anticipated changes to any Task, including any changes to the time for completion or the Compensation and Fee Schedule, and shall obtain the City's written consent to the change prior to making any changes. In no event shall the City's consent be construed to relieve the Design Professional from its duty to render all Professional Services in accordance with applicable laws and accepted industry standards.