Common use of Lockboxes Clause in Contracts

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.

Appears in 6 contracts

Samples: Pledge and Security Agreement (Rogers Corp), Credit Agreement (ResCare Finance, Inc.), Credit Agreement (Tennant Co)

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Lockboxes. Upon request of the Administrative Agent after the occurrence and during the continuance of a an Event of 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.

Appears in 5 contracts

Samples: Pledge and Security Agreement (Tredegar Corp), Pledge and Security Agreement (Endo Pharmaceuticals Holdings Inc), Pledge and Security Agreement (Tredegar Corp)

Lockboxes. Upon request of the Administrative Agent after the occurrence and during the continuance of a an Event of 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.

Appears in 3 contracts

Samples: Pledge and Security Agreement (Kendle International Inc), Security Agreement (Inventure Foods, Inc.), Pledge and Security Agreement (Chefs' Warehouse, Inc.)

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 and such Grantor shall use commercially reasonable efforts to cause such agreements shall to 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.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Vistaprint N.V.), Pledge and Security Agreement (Cimpress N.V.)

Lockboxes. Upon request of the Administrative Agent after the occurrence and during the continuance continuation 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.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Headwaters Inc), Pledge and Security Agreement (Headwaters Inc)

Lockboxes. Upon request of the Administrative Agent after the occurrence and during the continuance of a DefaultAgent, each Grantor Debtor 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.

Appears in 2 contracts

Samples: Security Agreement (Vanguard Natural Resources, Inc.), Pledge and Security Agreement (Primeenergy Corp)

Lockboxes. Upon request of the Administrative Agent at any time after the occurrence and during the continuance of a an Event of Default, each Grantor Company shall execute and deliver to the Administrative Agent Administrative Agent's standard form of irrevocable lockbox agreements in agreement and notify the form provided by or otherwise acceptable obligors on the Receivables 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 make payments thereon to wire all amounts collected therein to a special collateral account at the Administrative Agentsuch lockbox.

Appears in 2 contracts

Samples: Credit Agreement (Gci Inc), Credit Agreement (General Communication Inc)

Lockboxes. Upon request of the Administrative Agent after the occurrence and during the continuance continuation 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.

Appears in 2 contracts

Samples: Pledge and Security Agreement (American Medical Systems Holdings Inc), Guaranty and Collateral Agreement (Stonemor Partners Lp)

Lockboxes. Upon request of the Administrative Agent after the occurrence and during the continuance of a Default or Unmatured Default, each Grantor the Borrower 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.

Appears in 1 contract

Samples: Pledge and Security Agreement (Teton Energy Corp)

Lockboxes. Upon request of the Administrative Agent after the occurrence and during the continuance of a an Event of Default, each Grantor shall execute and deliver to the Administrative Agent irrevocable lockbox agreements in the form provided by or otherwise reasonably acceptable to the Administrative Agent, which agreements agreements, if so required by the Administrative Agent, 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.

Appears in 1 contract

Samples: Pledge and Security Agreement (Weatherford International PLC)

Lockboxes. Upon request of the Administrative Agent after the occurrence and during the continuance of a Default, each Grantor Guarantor 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.

Appears in 1 contract

Samples: Guaranty and Collateral Agreement (Golden Entertainment, Inc.)

Lockboxes. Upon request of the Administrative Agent after the occurrence and during the continuance of a an Event of 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. 7.2.

Appears in 1 contract

Samples: Pledge and Security Agreement

Lockboxes. Upon request of the Administrative Agent after the occurrence and during the continuance of a Default or Unmatured 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.

Appears in 1 contract

Samples: Security Agreement (Abx Air Inc)

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Lockboxes. Upon request of the Administrative Agent after the occurrence and during the continuance of a DefaultPayment Event of Default or Acceleration Event, 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.

Appears in 1 contract

Samples: Pledge and Security Agreement (JDS Uniphase Corp /Ca/)

Lockboxes. Upon request of the Administrative Agent after the occurrence and during the continuance of a DefaultAgent, each Grantor shall execute and deliver to the Administrative Agent irrevocable lockbox agreements in the form provided by or otherwise reasonably 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.

Appears in 1 contract

Samples: Restated Security Agreement (WatchGuard, Inc.)

Lockboxes. Upon request of the Administrative Agent after following the occurrence and during the continuance of a DefaultPayment Event of Default or Acceleration Event, 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 with the Administrative Agent.

Appears in 1 contract

Samples: Pledge and Security Agreement (Advisory Board Co)

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 AgentAgent as provided in Section 7.3.

Appears in 1 contract

Samples: Pledge and Security Agreement (Myr Group Inc.)

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 reasonably 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.

Appears in 1 contract

Samples: Pledge and Security Agreement (Innerworkings Inc)

Lockboxes. Upon request of the Administrative Agent after the occurrence and during the continuance of a an Event of Default, each Grantor shall execute and deliver to the Administrative Agent irrevocable lockbox agreements in the form provided by or otherwise reasonably 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.

Appears in 1 contract

Samples: Pledge and Security Agreement (Priceline Com Inc)

Lockboxes. Upon request of the Administrative Agent after the occurrence and during the continuance of a Default, each Grantor Debtor 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.

Appears in 1 contract

Samples: Pledge and Security Agreement (SCP Pool Corp)

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.

Appears in 1 contract

Samples: Pledge and Security Agreement (Layne Christensen Co)

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