Government Lockbox Account Bank definition

Government Lockbox Account Bank shall have the meaning assigned to such term in the Senior Subsidiary Security Agreement.
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Government Lockbox Account Bank means any bank or financial institution that is satisfactory to the Senior Collateral Agent that executes and delivers to the Senior Collateral Agent a Government Lockbox Account Agreement.
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Government Lockbox Account Bank is defined in the Senior Subsidiary Security Agreement.
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Examples of Government Lockbox Account Bank in a sentence

  • The Government Lockbox Account Bank may charge the Government Lockbox Account as permitted herein at such times as are in accordance with the Government Lockbox Account Bank’s customary practice for the chargeback of returned items and expenses.

  • In the event insufficient funds remain in the Lockbox Account to cover any overdrafts, the Grantor shall pay and indemnify the Government Lockbox Account Bank for the amounts of any overdrafts.

  • In the event that the Grantor does not pay such customary fees, charges and expenses due to the Government Lockbox Account Bank within ten (10) days after the due date, the Government Lockbox Account Bank is authorized to charge the Government Lockbox Account for such fees.

  • The Grantor hereby provides the following revocable instruction with respect to the Government Lockbox Account (the “Standing Revocable Instruction”): the Government Lockbox Account Bank shall transfer from the Government Lockbox Account daily, via a zero balance service as described in the terms and conditions of the services, attached as Exhibit A, all available funds held in the Government Lockbox Account to account no.

  • The Senior Collateral Agents shall have no right to the sums so debited by the Government Lockbox Account Bank.

  • Upon any such termination, any collected and available balances in the Government Lockbox Account will be transferred in accordance with the Grantor’s instructions, and incoming mail with respect to the Government Lockbox Account received by the Government Lockbox Account Bank after such termination shall be forwarded for a period not to exceed ninety (90) days in accordance with the Senior Collateral Agents’ instructions.

  • This Government Lockbox Account Agreement may not be modified or terminated by the Grantor unless, in the case of a modification, the prior written consent of the Senior Collateral Agents and the Government Lockbox Account Bank is obtained and, in the case of termination, the prior written consent of the Senior Collateral Agents is obtained.

  • This Government Lockbox Account Agreement may not be modified or terminated by the Grantor unless, in the case of a modification, the prior written consent of the Senior Collateral Agent and the Government Lockbox Account Bank is obtained and, in the case of termination, the prior written consent of the Senior Collateral Agent is obtained.

  • The Government Lockbox Account Bank may terminate this Government Lockbox Account Agreement upon thirty (30) days’ prior written notice to the Grantor and the Senior Collateral Agents.

  • The Grantor’s obligations under this Government Lockbox Account Agreement to indemnify, hold harmless and pay amounts owed (and the Senior Collateral Agent’s obligation to reimburse the Government Lockbox Account Bank for any returned items) shall survive the termination of this Government Lockbox Account Agreement.

Related to Government Lockbox Account Bank

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

  • Deposit Account Bank means a financial institution selected or approved by the Administrative Agent.

  • Blocked Account Bank means each bank with whom deposit accounts are maintained in which any funds of any of the Loan Parties from one or more DDAs are concentrated and with whom a Blocked Account Agreement has been, or is required to be, executed in accordance with the terms hereof.

  • Designated Account Bank has the meaning specified therefor in Schedule D-1.

  • Concentration Account Bank shall have the meaning assigned to such term in Section 9.01(e)(i).

  • Collateral Account Bank a bank which at all times is a Collateral Agent or a Lender or an affiliate thereof as selected by the relevant Grantor and consented to in writing by the Collateral Agent (such consent not to be unreasonably withheld or delayed).

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

  • Blocked Account Banks means the banks with whom deposit accounts are maintained in which material amounts (as reasonably determined by the Administrative Agent) of funds of any of the Loan Parties from one or more DDAs are concentrated and with whom a Blocked Account Agreement has been, or is required to be, executed in accordance with the terms 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.

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

  • Controlled Account Bank has the meaning specified therefor in Section 7(k).

  • Account Bank means any of them.

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

  • 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.

  • Collection Account Agreement means that certain Collection Account Agreement, dated the Closing Date, among the Borrower, the Servicer, the Account Bank, the Administrative Agent and the Collateral Agent, governing the Collection Account and which permits the Collateral Agent on behalf of the Secured Parties to direct disposition of the funds in the Collection Account, as such agreement may be amended, modified or supplemented from time to time in accordance with its terms.

  • Blocked Account Agreements has the meaning set forth in Section 2.22(c).

  • Blocked Account Agreement means with respect to an account established by a Loan Party, an agreement, substantially in the form of Exhibit L hereto or otherwise in form and substance reasonably satisfactory to the Collateral Agent, establishing Control (as defined in the Security Agreement) of such account by the Collateral Agent and whereby the bank maintaining such account agrees, during any Cash Dominion Trigger Period, to comply only with the instructions originated by the Collateral Agent without the further consent of any Loan Party.

  • Deposit Account Agreement means the Deposit Account Agreement and Disclosure, as may be amended from time to time, issued by the Custodian and available on the Custodian’s internet customer portal, “xx.xxxxxxxxxxx.xxx”.

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

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

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

  • Lockboxes has the meaning set forth in Section 2.7.

  • Concentration Account Agreement as defined in subsection 4.16(b).

  • Account Bank Agreement means the account bank agreement dated 15 August 2018 between the Issuer, the Trustee and The Bank of New York Mellon, London branch as the same may be amended, restated, amended and restated, novated, varied, supplemented, substituted, assigned, extended or otherwise replaced or redesignated from time to time;

  • Clearing Account Agreement means that certain Clearing Account - Deposit Account Control Agreement dated the date hereof among Borrower, Lender and Clearing Bank, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, relating to funds deposited in the Clearing Account.

  • Lock-Box Bank means any of the banks or other financial institutions holding one or more Lock-Box Accounts.