Lockbox Account. The Lockbox Account shall at all times be subject to the Lockbox Agreement. If at any time, the Lockbox Account ceases to be an Eligible Bank Account, the Indenture Trustee shall terminate the Lockbox Agreement and the Servicer shall, on behalf of the Issuer and the Indenture Trustee, in accordance with Section 3.1(i) hereof, establish a new Lockbox Account and enter into a new lockbox agreement substantially in the form as the Lockbox Agreement.
Appears in 6 contracts
Samples: BXG Receivables Note (Bluegreen Vacations Holding Corp), Indenture (BBX Capital Corp), Indenture (Bluegreen Vacations Corp)
Lockbox Account. The Lockbox Account shall at all times be subject to the Lockbox Agreement. If at any time, the Lockbox Account Agreement ceases to be an Eligible Bank Account, the Indenture Trustee shall terminate the Lockbox Agreement and the Servicer shall, on behalf of the Issuer and the Indenture Trustee, in accordance with Section 3.1(i) hereof, establish a new Lockbox Account and enter into a new lockbox agreement substantially in the form as the Lockbox Agreement.
Appears in 4 contracts
Samples: Indenture (BBX Capital Corp), BXG Receivables Note (BFC Financial Corp), BXG Receivables Note (BBX Capital Corp)
Lockbox Account. The Lockbox Account shall at all times be subject to the Lockbox Agreement. If at any time, the Lockbox Account Agreement ceases to be an Eligible Bank Account, the Indenture Trustee shall terminate the Lockbox Agreement and the Servicer shall, on behalf of the Issuer issuer and the Indenture Trustee, in accordance with Section 3.1(i) hereof), establish a new Lockbox Account and enter into a new lockbox agreement substantially in the form as the Lockbox Agreement.
Appears in 3 contracts
Samples: Indenture (BBX Capital Corp), Indenture (BFC Financial Corp), Indenture (Bluegreen Corp)
Lockbox Account. The Lockbox Account shall at all times be subject to the Lockbox Agreement. If at any time, the Lockbox Account ceases to be an Eligible Bank Account, 22 KL2 0000000.6 the Indenture Trustee shall terminate the Lockbox Agreement and the Servicer shall, on behalf of the Issuer and the Indenture Trustee, in accordance with Section 3.1(i) hereof, establish a new Lockbox Account and enter into a new lockbox agreement substantially in the form as the Lockbox Agreement.
Appears in 1 contract
