Lockbox definition

Lockbox has the meaning set forth in Section 2.11.

Lockbox has the meaning given in the Lockbox Agreement.

Lockbox is defined in Section 2.2.7.

Examples of Lockbox in a sentence

• Borrowers hereby indemnify and agree to hold Agent harmless from any and all liabilities, claims, losses and demands whatsoever, including reasonable and documented out-of-pocket Legal Expenses, arising from or relating to actions of Agent or the Lockbox Bank pursuant to this Section or any lockbox agreement or Deposit Account Control Agreement or similar agreement, except to the extent of such liabilities, claims, losses and demands arise solely from Agent’s gross negligence, fraud, or willful misconduct.

• Borrowers shall ensure that all collections of Accounts are paid directly from Account Debtors (i) into the Lockbox for deposit into the Lockbox Account and/or (ii) directly into the Lockbox Account; provided, however, that unless Agent shall otherwise direct by written notice to Borrowers, Borrowers shall be permitted to cause Account Debtors who are individuals to pay Accounts directly to Borrowers, which Borrowers shall then administer and apply in the manner required below.

• At all times during the Cash Dominion Period, all funds deposited into a Lockbox Account shall be transferred into the Revolving Loan Payment Account by the close of each Business Day.

More Definitions of Lockbox

Lockbox means “Lockbox” as defined in the Wholesale Lockbox and Collection Account Agreement.

Lockbox means each U. S. Post Office Box specified in a Lockbox Agreement.

Lockbox means the Lockbox maintained by a Lockbox Bank identified on Exhibit K hereto.

Lockbox means the post office box maintained by a Lockbox Bank identified on Exhibit K hereto and any other Lockbox hereafter established to accept collections on the Contracts.

Lockbox has the meaning described in Section 2.1.8 (The Collateral Account).

Lockbox means “Lockbox” as defined in the Master Agreement for Treasury Management Services and related Lockbox and Collection Account Service Description.

Lockbox is described in Section 6.2.