Commercial Lockbox Account definition

Commercial Lockbox Account has the meaning specified in Section 2.3(a).
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Commercial Lockbox Account has the meaning specified in Section 4.3(a).
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Commercial Lockbox Account shall have the meaning set forth in Section 5.3(a).
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Examples of Commercial Lockbox Account in a sentence

  • The Seller hereby agrees to direct each Payor of an Eligible Receivable to remit all payments with respect to such Receivable for deposit in the Commercial Lockbox Account (other than the Payors of Medicaid, Medicare and CHAMPUS Receivables which shall be directed to remit all payments with respect to such Receivables for deposit in the Medicare Lockbox Account) by delivering to such Payor a notice attached as Exhibit A hereto.

  • The Provider shall enter into such agreements with Buyer and Buyer’s bank with respect to the Governmental Lockbox Account and the Commercial Lockbox Account as Buyer and its bank shall reasonably request (the “Lockbox Agreements”), including, without limitation, agreements that perfect Buyer’s security interest in such accounts.

  • Notices and correspondence relating to the applications for protection and protection documents shall be delivered by the Directorate by hand or by registered mail, and all correspondence from the Directorate shall be sent to the applicant or the agent at the address recorded with the Directorate and all such notices shall be deemed legally binding.

  • The Borrowers agree not to terminate the Commercial Lockbox Account or the Governmental Lockbox Account.

  • APUSESD will have a pool of domain courses to be offered to the students.

  • The Seller hereby agrees to direct each Payor of an Eligible Receivable to remit all payments with respect to such Receivable for deposit in the Commercial Lockbox Account (other than the Payors of Medicaid, Medicare and CHAMPUS Receivables which shall be directed to remit all payments with respect to such Receivables for deposit in the Medicare Lockbox Account) by delivering to such Payor a notice attached as Exhibit A.

  • Goodwill This heading contains the goodwill arising on initial consolidation on 1 January 1996 and goodwill arising on the acquisition of investment shareholdings during the course of the financial years 1997 to 2002 inclusive.

Related to Commercial Lockbox Account

  • Lockbox Account shall have the meaning set forth in Section 2.7.1 hereof.

  • Lockbox Accounts means the accounts maintained by Borrower at the Lockbox Banks into which all collections or payments on their Accounts and other Collateral are paid.

  • Lock-Box Account With respect to any Mortgaged Property, if applicable, any account created pursuant to any documents relating to a Mortgage Loan or Serviced Loan Combination to receive rental or other income generated by the Mortgaged Property. Any Lock-Box Account shall be beneficially owned for federal income tax purposes by the Person who is entitled to receive the reinvestment income or gain thereon in accordance with the terms and provisions of the related Mortgage Loan or Serviced Loan Combination and Section 3.07 of this Agreement, which Person shall be taxed on all reinvestment income or gain thereon.

  • Lockbox Account Agreement means any replacement agreement therefor among the Servicer, the Trust Collateral Agent and the Lockbox Bank.

  • Locked Box Accounts means the unaudited, aggregated balance sheet of the Group as at the Locked Box Date, in the agreed form;

  • Project Account means the account referred to in Section 3.04 (a) of this Agreement;

  • Billing Account is the checking account from which all Service fees will be automatically debited.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Project Accounts means the accounts referred to in Section 3.03 (a) of this Agreement;

  • Collection Accounts As defined in Section 3.10(a).

  • Lockboxes has the meaning set forth in Section 2.7.

  • Commercial account means an arrangement whereby a retail distributor sells hazardous chemicals to an employer, generally in large quantities over time and/or at costs that are below the regular retail price.

  • Client Account means the unique personalized account of the Client consisting of all Completed Transactions, Open Positions and Orders on the Platform, the Balance of the Client money and deposit/withdrawal transactions of the Client money. It is understood that the Company may use the term Trading Account or Account on its Website or communications, which shall mean your Client Account.

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Client Accounts means accounts of Clients (i) that are Controlled by an Access Person and (ii) in which no Access Person has a substantial proportionate economic interest; provided that, the Client pays a management, advisory or any other similar arms-length fee to the Access Person and the beneficiary of the Client Account is not an Immediate Family member of an Access Person.

  • Lockbox Processor means Regulus Group II LLC, or its successors or assigns.

  • Lockbox Bank means a depository institution named by the Servicer and acceptable to the Controlling Party.

  • Blocked Accounts shall have the meaning set forth in Section 6.3 hereof.

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Mortgagor Accounts As defined in Section 3.07(a) of this Agreement.

  • Designated Account Property The Designated Accounts, all cash, investments, Financial Assets, securities and investment property held from time to time in any Designated Account (whether in the form of deposit accounts, Physical Property, book-entry securities, Uncertificated Securities or otherwise), including the Reserve Account Deposit, and all proceeds of the foregoing but excluding all Investment Earnings thereon.

  • Online Account means the Bank account from which you will be conducting transactions using a Service;

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Direct Account : means any Account which is not an ISA Account.

  • Designated Accounts as used in any security agreement means both the Designated Accounts hereunder and the “Designated Accounts” in the comparable agreement entered into with respect to any other Pledgor.

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.