Nature of Lock-Box Accounts. Each Lock-Box Account constitutes a “deposit account” within the meaning of the applicable UCC.
Appears in 35 contracts
Samples: Receivables Purchase Agreement (Owens Corning), Receivables Purchase Agreement (TransDigm Group INC), Receivables Financing Agreement (Worthington Industries Inc)
Nature of Lock-Box Accounts. Each Lock-Box Account constitutes a “deposit account” within the meaning of the applicable UCC. The Collection Account constitutes a “securities account” within the meaning of the applicable UCC.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Audacy, Inc.), Receivables Purchase Agreement (Audacy, Inc.)
Nature of Lock-Box Accounts. Each Lock-Box Account constitutes a “deposit account” within the meaning of the applicable UCC..
Appears in 1 contract
Samples: Receivables Financing Agreement (Alliance Resource Partners Lp)
Nature of Lock-Box Accounts. Each Lock-Box Account constitutes a “"deposit account” " within the meaning of the applicable UCC.
Appears in 1 contract
Samples: Receivables Purchase Agreement (Eagle Materials Inc)
