Common use of Payments to Lock-Box Account Clause in Contracts

Payments to Lock-Box Account. On or before the applicable Cut-Off Date, the Servicer shall have instructed all Obligors (or with respect to Acquired Loans, the applicable agent) to make all payments in respect of the Collateral to the Lock-Box or directly to the Lock-Box Account.

Payments to Lock-Box Account. On or before the applicable Cut-Off Date, the Servicer shall have instructed all Obligors (or with respect to Acquired Loans, the applicable agent) to make all payments in respect of the Collateral Assets to the Lock-Box or directly to the Lock-Box Account.