Lockbox Agreement Sample Clauses

Lockbox Agreement. The Borrower shall not, without first complying with the requirements of Section 9.1, amend, supplement, or otherwise modify the Lockbox Agreement. During a Highest Oversight Period, the Borrower shall, if so directed in writing by the Administrator of the RUS, (a) deposit, pursuant to such Lockbox Agreement, all cash proceeds of the Trust Estate, including, without limitation, checks, money and the like (other than cash proceeds deposited or required to be deposited with the Trustee pursuant to the Indenture), which cash proceeds shall include, without limitation, all payments by members of the Borrower on account of the Wholesale Power Contracts, in separate deposit or other accounts, segregated from all other monies, revenues and investments of the Borrower, and (b) take all such other actions as the RUS shall request to continue perfection of the lien of the Indenture in such proceeds for the benefit of all Holders of the Outstanding Secured Obligations.
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Lockbox Agreement. The Lockbox and Servicing Agreement, dated as of December 16, 1999, by and among Borrower, Lenders, Agent, Servicing Agent and Lockbox Agent, pursuant to which the Lockbox Agent is to provide lockbox, reporting and related services and is to provide for the receipt of payments on the Notes Receivable and the disbursement of such payments to Agent.
Lockbox Agreement. All amounts payable on account of the Liberty Portfolio Timeshare Loans shall be received by a financial institution or other entity approved by Lender (“Lockbox Bank”) and transmitted by Lockbox Bank to Lender or any entity designated by Lender in accordance with the provisions of an agreement among Borrower, Lender, Servicer and Lockbox Bank in form and content acceptable to Borrower and Lender (the “Lockbox Agreement”). Bank of America, N.A. shall be deemed by Lender to be an approved Lockbox Bank. All payments on account of Liberty Portfolio Timeshare Loans shall be deposited in an account maintained by Borrower for the benefit of Lender with the Lockbox Bank and shall be transmitted to Lender by wire transfer by the Lockbox Bank once each Business Day, pursuant to the Lockbox Agreement. At any time after Lockbox Bank shall fail to keep and perform its obligations under the Lockbox Agreement to the reasonable satisfaction of Lender, Borrower shall, upon the written request of Lender, promptly terminate such agreement in accordance with the terms of the Lockbox Agreement. At any time after Lockbox Bank shall fail to keep and perform its obligations under the Lockbox Agreement to the satisfaction of Lender, Borrower shall, upon the written request of Lender, terminate such agreement in accordance with its terms. If the Lockbox Agreement shall be terminated by Lender, the Lockbox Bank or, with the consent of Lender, by Borrower, Borrower shall, prior to the effective date of such termination, enter into a similar arrangement with another financial institution satisfactory to Lender, or at Lender’s option make other arrangements satisfactory to Lender, in its sole discretion, for the collection and transmittal to Lender of payments made on account of Timeshare Loans then and thereafter assigned to Lender pursuant to this Agreement. Borrower expressly acknowledges and agrees that an action for damages for any breach of the requirements of this Section 6.3 shall not be an adequate remedy at law. In the event of any such breach, Borrower agrees to the fullest extent allowed by law that Lender shall be entitled to injunctive relief to restrain such breach and require compliance with such requirements. Borrower hereby agrees to indemnify and hold Lender harmless from and against any claims, demands, expenses, costs, damages, liabilities, setoffs, recoupments and expenses associated with the Lockbox Agreement regardless of whether or not Lockbox Bank is liable o...
Lockbox Agreement. Within thirty (30) days of the date hereof, Borrower shall provide Lender with that certain lockbox agreement substantially in the form attached hereto executed by Borrower and HSBC Bank USA, National Association.
Lockbox Agreement. That certain agreement by and among Lender, Borrower, and Lockbox Agent in substantially the form of Exhibit "C," attached hereto and incorporated herein by this reference, pursuant to which Lockbox Agent is engaged, at Borrower's sole cost and expense, as Lender's exclusive agent to receive, deposit, and disburse all amounts paid by each Purchaser or other obligor pursuant to any Pledged Note Receivable to which such Purchaser or other obligor is a party.
Lockbox Agreement. An agreement among Borrower, Lender and Lockbox Agent providing for the receipt by Lockbox Agent of payments on the Financed Notes Receivable and disbursement of such payments to Lender.
Lockbox Agreement. The Master Cash Management Service Agreement, duly executed by the Borrowers and the Bank (the “Lockbox Agreement”), in the form prepared by and acceptable to the Bank.
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Lockbox Agreement. Lockbox Agreement" has the meaning set forth in Section 2.3.
Lockbox Agreement. Any default by Borrower under the Lockbox Agreement which is not cured within thirty (30) days after written notice of such default given by Lender to Borrower except that, if the default is such that it cannot be cured within said thirty (30) day period but is reasonably susceptible to cure within sixty (60) days, and Borrower promptly commences the cure of such default within thirty (30) days after such written notice and diligently pursues such cure to completion, then such thirty (30) day period shall be extended to such period of time as may be reasonably necessary, but in no event more than a total of sixty (60) days.; or
Lockbox Agreement. Borrower and each applicable Loan Party, if any, shall have executed and delivered one or more Lockbox Agreement(s) (“Lockbox Agreement”) and related documents in form and content reasonably satisfactory to Agent and consistent with the terms hereof relating to springing dominion into which Account Debtors shall remit or cause the remittance of payment with respect to all Receivables.
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