Lockbox Banks Sample Clauses

Lockbox Banks. The names and addresses of all Lockbox Banks, together with the account numbers of the Lockbox Accounts at such Lockbox Banks into which the Pool Collections are paid, are accurately set forth in Schedule 3.04(l). Each Lockbox and each Lockbox Account is subject to a Lockbox Agreement duly executed and delivered by the parties thereto.
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Lockbox Banks. The Master Servicer shall direct each Lockbox Bank to make payments to the Collection Account or to a Concentration Account. The Master Servicer shall direct the Concentration Account Bank to make payments to the Collection Account.
Sample 1
Lockbox Banks. The names and addresses of all Lockbox Banks, ------------- together with the account numbers of the Lockbox Accounts at such Lockbox Banks into which the Collections are paid, are accurately set forth in Schedule -------- 3.04(l). Each Lockbox and each Lockbox Account is subject to a Lockbox Agreement ------ duly executed and delivered by the parties thereto. Each Lockbox Account constitutes a "deposit account" within the meaning of the UCC. Pursuant to each Lockbox Agreement, each Lockbox Bank has agreed to comply with instructions originated by the Indenture Trustee directing disposition of the funds in the Lockbox Accounts without further consent by any of the Transaction Parties and such Lockbox Agreement is sufficient for the Indenture Trustee to have a perfected security interest in such Lockbox Accounts. None of the Lockbox Accounts are in the name of any person other than Issuer or the Indenture Trustee, and none of the Transaction Parties has consented to the banks maintaining any such Lockbox Accounts to comply with instructions of any person other than the Indenture Trustee. The representations and warranties set forth in this Section 3.04(l) shall survive the execution and delivery of this Agreement and ---------------- may not be waived by any party hereto except pursuant to an amendment executed in accordance with Section 10.01 and as to which the Rating ------------- Agency Condition has been satisfied.
Sample 1
Lockbox Banks. All action required to be taken with respect to the Lockbox Account and the Lockbox Bank pursuant to Section 5.02(h) has been taken. Except with respect to the Payment Account, the Lockbox Bank is the only institutions holding any deposit accounts or servicing the Lockbox Account for the receipt of Scheduled Payments in respect of the Receivables and Related Assets. All Obligors and Settlement Annuity Providers have been directed and instructed to make payments on the Receivables to the Lockbox Account and such instructions are in full force and effect.
Sample 1

Related to Lockbox Banks

  • Lockbox Accounts The names and addresses of all the Lockbox Banks, together with the account numbers of the Lockbox Accounts of the Seller at each Lockbox Bank and the post office box numbers of the lockboxes, are listed on Schedule 6.1(o) (or have been notified to and approved by the Agents in accordance with Section 7.3(d)) and are the only post office boxes and accounts into which Collections of Receivables are deposited or remitted. The Seller has not granted any Person, other than the Administrative Agent for the benefit of the Secured Parties as contemplated by this Agreement, control of any lockbox or Lockbox Account, or the right to take control of any such lockbox or Lockbox Account at a future time.

  • Blocked Accounts Agent shall have received duly executed agreements establishing the Blocked Accounts or Depository Accounts with financial institutions acceptable to Agent for the collection or servicing of the Receivables and proceeds of the Collateral;

  • Depository Banks The Borrowers and their Subsidiaries will maintain the Administrative Agent as its principal depository bank, including for the maintenance of operating, administrative, cash management, collection activity, and other deposit accounts for the conduct of its business.

  • Lockboxes Upon request of the Administrative Agent after the occurrence and during the continuance of a Default, each Grantor shall execute and deliver to the Administrative Agent irrevocable lockbox agreements in the form provided by or otherwise acceptable to the Administrative Agent, which agreements shall be accompanied by an acknowledgment by the bank where the lockbox is located of the Lien of the Administrative Agent granted hereunder and of irrevocable instructions to wire all amounts collected therein to a special collateral account at the Administrative Agent.

  • Lockbox The Secured Party may, by notice to the Debtor, require the Debtor to direct each of its account debtors to make payment directly to a special lockbox to be under the control of the Secured Party. The Debtor hereby authorizes and directs the Secured Party to deposit all checks, drafts and cash payments received in said lockbox into the collateral account established as set forth above.

  • Lockbox Account Each Obligor has been, or will be, directed to make all payments on their related Receivable to the Lockbox Processor for deposit into the Lockbox Account.

  • Lock-Box Accounts The names and addresses of all of the Lock-Box Banks, together with the account numbers of the Lock-Box Accounts at such Lock-Box Banks, are specified in Schedule 6.1(n).

  • Branches of U.S. Banks (a) Except as otherwise set forth in this Contract, the provisions hereof shall not apply where the custody of the Portfolios assets are maintained in a foreign branch of a banking institution which is a "bank" as defined by Section 2(a)(5) of the Investment Company Act of 1940 meeting the qualification set forth in Section 26(a) of said Act. The appointment of any such branch as a sub-custodian shall be governed by paragraph 1 of this Contract.

  • Depository Accounts Except to the extent that Manager has not complied with its obligations under Sections 2.4 and 5.2, Owner and Manager agree that Manager shall have no liability for loss of funds of Owner contained in the bank accounts for the Property maintained by Owner or Manager pursuant to this Agreement due to insolvency of the bank or financial institution in which its accounts are kept, whether or not the amounts in such accounts exceed the maximum amount of federal or other deposit insurance applicable with respect to the financial institution in question.

  • Collection Accounts Section 3.11 Withdrawals from the Collection Accounts..................... Section 3.12 Investment of Funds in the Collection Accounts and the Distribution Account......................................... Section 3.13 Maintenance of Hazard Insurance and Errors and Omissions and Fidelity Coverage........................................ Section 3.14 Enforcement of Due-on-Sale Clauses; Assumption Agreements.... Section 3.15

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