Lock-Box Bank definition

Lock-Box Bank means any of the banks or other financial institutions holding one or more Lock-Box Accounts.
Lock-Box Bank means any of the banks holding one or more Lock-Box Accounts.
Lock-Box Bank means, as of any date, a depository institution named by the Servicer and acceptable to the Note Insurer at which a Lock-Box Account is established and maintained as of such date.

Examples of Lock-Box Bank in a sentence

The Servicer will cause each Lock-Box Bank to comply with the terms of each applicable Lock-Box Agreement.

Within two Business Days of receipt of such funds into the Lock-Box Account, the Servicer shall cause the Lock-Box Bank to transfer available funds related to the Receivables from the Lock-Box Account to the Collection Account, and if such funds are not available funds, as soon thereafter as they clear (i.e., become available for withdrawal from the Lock-Box Account).

The Seller shall only terminate a Lock-Box Bank or Lock-Box, or close a Lock-Box Account, upon 30 days advance notice to the Agent.

The Seller will cause each Lock-Box Bank to comply with the terms of each applicable Lock-Box Letter.

The Seller will cause each Lock-Box Bank to comply with the terms of each applicable Lock-Box Agreement.


More Definitions of Lock-Box Bank

Lock-Box Bank means each of the banks set forth in Exhibit C hereto and such banks as may be added thereto or deleted therefrom pursuant to Section 2.8 hereof.
Lock-Box Bank means each bank listed on Exhibit F, as revised pursuant to Section 5.1(i).
Lock-Box Bank. Bank of America, N.A., or any of the banks or other financial institutions holding one or more Lock-Box Accounts.
Lock-Box Bank means any of the banks holding one or more Lock-Box Accounts for receiving Collections from Pool Receivables.
Lock-Box Bank. Any of the banks or other financial institutions holding one or more Lock-Box Accounts.
Lock-Box Bank means, as of any date, the bank or trust company at which a Lock- Box Account is established and maintained as of such date.
Lock-Box Bank means, at any time, any of the banks holding one or more Lock-Box Accounts.