Payees. An item not bearing an acceptable payee designation, as set forth in the specifications, or a reasonable variation thereof, will not be deposited in the Deposit Account. If a necessary endorsement of a payee other than the Debtor is missing, the item will not be deposited into the Deposit Account.
Appears in 2 contracts
Sources: Pledge and Security Agreement (Tekoil & Gas Corp), Blocked Deposit Account Control Agreement (Tekoil & Gas Corp)
Payees. An item Item not bearing an acceptable payee designation, as set forth in the specificationsSpecifications, or a reasonable variation thereof, will not be deposited in the Deposit Account. If a necessary endorsement of a payee other than the Debtor yours is missing, the item Item will not be deposited into the Deposit Account.
Appears in 2 contracts
Sources: Terms and Conditions for Cash Management Services, Terms and Conditions for Cash Management Services
Payees. An item not bearing an acceptable payee designation, as set forth in the specifications, or a reasonable variation thereof, will not be deposited in the Deposit Account. If a necessary endorsement of a payee other than the Debtor Customer or an affiliate of Customer is missing, the item will not be deposited into the Deposit Account.
Appears in 1 contract
Sources: Receivables Purchase Agreement (Lennox International Inc)