Lock-Box Agreement definition

Lock-Box Agreement. With respect to any Mortgage Loan or Serviced Loan Combination, the lock-box or other similar agreement, if any, between the related originator(s) and the Mortgagor, pursuant to which the related Lock-Box Account, if any, may have been established.

Lock-Box Agreement means an agreement, among the Seller, the Servicer, a Lock-Box Bank and the Administrator, governing the terms of the related Lock-Box Accounts, in each case acceptable to the Administrator.

Lock-Box Agreement means, with respect to any Mortgage Loan, any lock-box agreement relating to such Mortgage Loan among the related Mortgagor, a depositary institution and the Master Servicer (or the Sub-Servicer on its behalf) pursuant to which a Lock-Box Account is created.

Examples of Lock-Box Agreement in a sentence

• The Seller shall only add a Collection Account or a Lock-Box Bank to those listed on Schedule II to this Agreement if the Administrator has received prior written notice of such addition and an executed and acknowledged copy of a Lock-Box Agreement (or an amendment thereto) in form and substance acceptable to the Administrator from the applicable Lock-Box Bank.

• Failure to (i) deliver such Lock-Box Agreement pursuant to the foregoing sentence within sixty (60) days of the date hereof or (ii) schedule, commence and take reasonable efforts to deliver such audit pursuant to the foregoing sentence within sixty (60) days of the date hereof (or such longer period as may be agreed by the Administrator with notice to the Purchaser Agents), shall in each case constitute a Termination Event under the Agreement.

• The Seller shall not, and shall not permit any other Person to, attempt to terminate such automatic sweep feature or attempt to close the Concentration Account or any Collection Account unless the Collections directed to such Collection Account are redirected to another Collection Account subject to a Lock-Box Agreement.

More Definitions of Lock-Box Agreement

Lock-Box Agreement means an agreement, in substantially the form of Exhibit C hereto (with such modifications thereto as consented to by the Agent), between any Originator or the Seller, as the case may be, the Agent, and a Lock-Box Bank.

Lock-Box Agreement means an agreement among the applicable Originator(s), the Purchaser (or its assignees or designees) and any Lock-Box Bank in form and substance satisfactory to the Purchaser (or its assignees or designees).

Lock-Box Agreement. The Fifth Amended and Restated Three Party Agreement Relating to Lockbox Services and Control (with Activation Upon Notice), dated as of June 30, 2005, by and among certain financing agents party thereto, Bank of America, N.A., as the lockbox bank, CapitalSource Finance LLC, as the originator, as the original servicer and as the lockbox servicer, and CapitalSource Funding LLC, as the owner of the account and as the owner of the lockbox, as amended, modified, waived, supplemented, restated or replaced from time to time.

Lock-Box Agreement means a deposit account control agreement (and, if applicable, with lock-box provisions), in form and substance reasonably satisfactory to the Administrator, among the Seller and/or an Originator, the Servicer, the Administrator and a Lock-Box Bank.

Lock-Box Agreement means a letter agreement, in substantially the form of Exhibit 5.01(f), among Seller, Parent and any Lock-Box Bank.

Lock-Box Agreement means each agreement between the Collection Agent and a Lock-Box Bank concerning a Lock-Box Account.

Lock-Box Agreement means a valid and enforceable agreement in form and substance reasonably satisfactory to Administrative Agent, among Seller, Master Servicer, Administrative Agent and any Lock-Box Bank, whereupon Seller, as sole owner of the related Lock-Box Account(s) and the customer of the related Lock-Box Bank in respect of such Lock-Box Account(s), shall transfer to the Administrative Agent exclusive dominion and control over and otherwise perfect a first-priority security interest in, such Lock-Box Account(s) and the cash, instruments or other property on deposit or held therein.