Common use of Lockbox; Account Collection Services Clause in Contracts

Lockbox; Account Collection Services. (a) Borrower shall direct each Account Debtor (and each depository institution where proceeds of Accounts are on deposit) to remit payments with respect to the Accounts to a lockbox account established with Bank or to wire transfer payments to a cash collateral account that Bank controls (collectively, the “Lockbox”). It will be considered an immediate Event of Default if the Lockbox is not established and operational on the Effective Date and at all times thereafter.

Lockbox; Account Collection Services. (a) Borrower shall direct each Account Debtor (and each depository institution where proceeds of Accounts are on deposit) to remit payments with respect to the Accounts to a lockbox account established with Bank or to wire transfer payments to a cash collateral account that Bank controls (collectively, the “Lockbox”). It will be considered an immediate Event of Default if the Lockbox is not established and operational on the Effective Date and at all times thereafterthereafter until such Lockbox is established and operational.

Lockbox; Account Collection Services. (a) Borrower shall direct each Account Debtor (and each depository institution where proceeds of Accounts are on deposit) to remit payments with respect to the Accounts to a lockbox account established with Bank or to wire transfer payments to a cash collateral account that Bank controls (collectively, the “Lockbox”). It will be considered an immediate Event of Default if the Lockbox is not established set-up and operational on the Effective Date and at all times thereafterDate.

Lockbox; Account Collection Services. (a) Prior to the making of any Revolving Advance, Borrower shall direct each Account Debtor (and each depository institution where proceeds of Accounts are on deposit) to remit payments with respect to the Accounts to a lockbox account established with Bank or to wire transfer payments to a cash collateral account that Bank controls (collectively, the “Lockbox”). It will be considered an immediate Event of Default if the Lockbox is not established set-up and operational on as of the Effective Date and at all times thereafterdate set forth in the preceding sentence.

Lockbox; Account Collection Services. (a) Borrower shall direct each Account Debtor (and each depository institution where proceeds of Accounts are on deposit) to remit payments with respect to the Accounts to a lockbox account of Borrower established with Bank or to wire transfer remit payments with respect to the Accounts to a cash collateral collections account that of Borrower established with Bank controls (collectively, the “Lockbox”). It will be considered an immediate Event of Default if the Lockbox is not established and operational on the Effective Date and at all times thereafter.

Lockbox; Account Collection Services. (ai) Borrower shall direct each Account Debtor (and each depository institution where proceeds of Accounts are on deposit) to remit payments with respect to the Accounts to a lockbox account established with Bank or to wire transfer payments to a cash collateral account that Bank controls (collectively, the “Lockbox”). It will be considered an immediate Event of Default if the Lockbox is not established and operational on the Effective Date and at all times thereafter.

Lockbox; Account Collection Services. (a) Borrower From and after the Effective Date, Borrowers shall direct each Account Debtor (and each depository institution where proceeds of Accounts are on deposit) to remit payments with respect to the Accounts to a lockbox account established with Bank or to wire transfer payments to a cash collateral account that Bank controls (collectively, the “Lockbox”). It will be considered an immediate Event of Default if the Lockbox is not established set-up and operational on as of the Effective Date and at all times thereafterdate set forth in the preceding sentence.

Lockbox; Account Collection Services. (a) Borrower shall direct each Account Debtor (and each depository institution where proceeds of Accounts are on deposit) to remit payments with respect to the Accounts to a lockbox account established with Bank or to wire transfer payments to a cash collateral account Collateral Account that Bank controls (collectively, the “Lockbox”). It will be considered an immediate Event of Default if the Lockbox is not established set-up and operational on the Effective Date and at all times thereafteror before January 15, 2011.

Lockbox; Account Collection Services. (a) Borrower shall direct each Account Debtor (and each depository institution where proceeds of Accounts are on deposit) to remit payments with respect to the Accounts to a lockbox account established with Bank or to wire transfer payments to a cash collateral account that Bank controls (collectively, the “"Lockbox”"). It will be considered an immediate Event of Default if the Lockbox is not established set-up and operational on the Effective Date and at all times thereafterDate.

Lockbox; Account Collection Services. (ai) Borrower shall direct each Account Debtor Obligor under the Financed Loans (and each depository institution where proceeds of Accounts payments with respect to Financed Loans are on deposit) to remit payments with respect to the Accounts Financed Loans to a lockbox account established with Bank or to wire transfer payments to a cash collateral account that Bank controls (collectively, the “Lockbox”). It will be considered an immediate Event of Default if the Lockbox is not established and operational on the Effective Date and at all times thereafterClosing Date.

Lockbox; Account Collection Services. (a) Borrower shall direct each domestic Account Debtor (and each depository institution where proceeds of Accounts are on deposit) to remit payments with respect to the domestic Accounts to a lockbox account established with Bank or to wire transfer payments to a cash collateral account that Bank controls (collectively, the “Lockbox”). It will be considered an immediate Event of Default if the Lockbox is not established set-up and operational on the Effective Date and at all times thereafterDate.

Lockbox; Account Collection Services. (a) Borrower shall direct each Account Debtor (and each depository institution where proceeds of Accounts are on deposit) to remit payments with respect to the Accounts to a lockbox account established with Bank or to wire transfer payments to a cash collateral account that Bank controls (collectively, the “Lockbox”). It will The Lockbox shall be considered an immediate Event of Default if the Lockbox is not established and operational on or prior to the Effective Date and at all times thereafterDate.