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 shall, and shall cause each Credit Party to, cooperate with Agent in the identification and reconciliation on a daily basis of all amounts received in or required to be deposited into the Lockbox Accounts.

• All payments due to Magellan that are not paid via electronic funds transfer shall be addressed to: Magellan Healthcare, Inc., Magellan Lockbox, P.O. Box 785341, Philadelphia, PA 19178-5341, or to such other address as may be communicated to Sponsor by Xxxxxxxx from time to time.

• If any funds received by any Borrower are commingled with other funds of the Borrowers, or are required to be deposited to a Lockbox or Lockbox Account and are not so deposited within two (2) Business Days, then Borrowers shall pay to Agent, for its own account and not for the account of any other Lenders, a compliance fee equal to $500 for each day that any such conditions exist.

• All funds deposited into a Lockbox Account shall be transferred into the Payment Account by the close of each Business Day.

• Borrowers hereby indemnify and agree to hold Agent harmless from any and all liabilities, claims, losses and demands whatsoever, including reasonable attorneys’ fees and 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 losses arising solely from Agent’s gross negligence or willful misconduct.

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.