Lockbox Arrangements. No later than the date that any Receivable is Pledged hereunder, the Servicer shall (i) direct and otherwise cause the Obligor obligated under such Receivable to mail payments of all monies due under such Receivable to the Lockbox and (ii) to cause the Lockbox Bank to (A) deposit on each Business Day all payments of Collections received in the Lockbox into the Lockbox Account and (B) to remit all Collections deposited into the Lockbox Account to the Collection Account within one (1) Business Day of the deposit of such Collections into the Lockbox Account. Neither SRI, the Servicer nor the Borrower shall change any payment directions referred to in the previous sentence without the prior written consent of the Agent.
Lockbox Arrangements. (a) The Borrowers shall have each established and shall maintain one or more lockboxes (each a "Lockbox") with financial institutions selected by them and reasonably acceptable to the Administrative Agent (each a "Lockbox Bank") and shall instruct all account debtors on the Accounts of each Credit Party to remit all payments to its respective Lockboxes. All amounts received by the Credit Parties from any account debtor, in addition to all other cash proceeds from the Collateral, shall be promptly deposited into the applicable Lockbox Account (as defined below).
Lockbox Arrangements. The Servicer and the Originator shall not alter or modify the Lockbox or collection account arrangements that are in effect as of the Closing Date relating to collection of payments on the Contracts without prior written notice to the Insurer.
Lockbox Arrangements. Following receipt of the Administrative Agent's written request, Borrowers agree to promptly notify all purchasers of hydrocarbons from all of the
Lockbox Arrangements. Without limitation of the requirement of Section 2.3.2(a) hereof, Borrower shall cause the Lockbox Arrangement to become effective within 150 days after June 11, 2007.
Lockbox Arrangements. The Borrowers and Credit Parties hereby covenant and agree to re-institute on the date hereof the lockbox arrangements as required by Section 2.5 of the $50,000,000 Credit Agreement and to comply with such requirements going forward, which lockbox arrangements shall not require the sweeping of cash except cash from government payors or upon and during the continuation of an Event of Default.
Lockbox Arrangements. 36 3.2 [Intentionally Omitted]....................................... 37 3.3
Lockbox Arrangements. (a) As soon as reasonably possible after the Initial Closing Date the Company shall enter into a Lockbox Agreement with a bank reasonably acceptable to the Company and the Purchasers on terms acceptable to the parties, in which all revenues generated from “membership tour card,” “membership” and “entry fees” will be deposited.
Lockbox Arrangements. (i) on or before February 26, 1999, establish deposit accounts with, and enter into lockbox agreements with, the Collateral Agent, and cause each of its Domestic Subsidiaries to do likewise, all of which arrangements shall be satisfactory in form and substance to the Collateral Agent;
Lockbox Arrangements. (a) On or before the Amendment Closing Date, the Company will establish deposit accounts with, and enter into lockbox agreements with, the Collateral Agent, and cause each of its Domestic Subsidiaries to do likewise, all of which arrangements shall be satisfactory in form and substance to the Collateral Agent. Any such deposit accounts with the Collateral Agent shall be considered a Cash Collateral Account as provided in the Security Agreement.
