Common use of Lockbox Agent Clause in Contracts

Lockbox Agent. OnBank & Trust Company or such other Person as Lender engages, in its sole discretion, at Borrower's sole cost and expense, to receive, deposit, and disburse all amounts paid by or on behalf of each Applicable Underlying Borrower and each Applicable Underlying Guarantor in accordance with the terms, provisions, and conditions hereof, of the Lockbox Agreement, and of the Applicable Underlying Loan Documents.