Lock-box Terms definition

Lock-box Terms has the meaning set forth in Section 3.5 hereof.
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Examples of Lock-box Terms in a sentence

  • The Depositor hereby agrees to abide by and be bound by the terms of the Lockbox Terms and Conditions as set forth in the Fifth Third Treasury Management Terms and Conditions as established by the Bank from time to time and incorporated herein by reference (“Lockbox Agreement”).

  • Under that Lock-box Terms the Bank shall be entitled to receive all sums payable to the Company in respect of the Collateral.

Related to Lock-box Terms

  • 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 means each locked postal box with respect to which a bank who has executed a Collection Account Agreement has been granted exclusive access for the purpose of retrieving and processing payments made on the Receivables and which is listed on Exhibit IV.

  • Lock Boxes has the meaning ascribed to it in Annex C.

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

  • Lockbox Agreement means each agreement between a Borrower and a Clearing Bank concerning the establishment of a Lockbox for the collection of Receivables.