Lockbox definition

Lockbox has the meaning set forth in Section 2.11.

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Lockbox has the meaning given in the Lockbox Agreement.

Lockbox is defined in Section 2.2.7.

Examples of Lockbox in a sentence

Within two (2) Business Days of receipt of funds into the Lockbox Account, the Servicer shall cause the Lockbox Bank to transfer cleared funds from the Lockbox Account to the Collection Account.
The Servicer shall not commingle its assets and funds with those on deposit in the Lockbox Account.
However, the Lockbox Agreement shall provide that the Lockbox Bank will comply with instructions originated by the Administrative Agent relating to the disposition of the funds in the Lockbox Account without further consent by the Seller, the Servicer or the Borrower.
Pursuant to the Lockbox Agreement, the Collateral Agent has authorized the Servicer to direct dispositions of funds on deposit in the Lockbox Account to the Collection Account (but not to any other account), and no other Person, except the Lockbox Processor and the Collateral Agent (acting at the direction of the Administrative Agent), has authority to direct disposition of funds on deposit in the Lockbox Account.
Pursuant to the Lockbox Agreement, the Administrative Agent has authorized the Servicer to direct dispositions of funds on deposit in the Lockbox Account to the Collection Account (but not to any other account), and no other Person, except the Lockbox Processor and the Administrative Agent, has authority to direct disposition of funds on deposit in the Lockbox Account.

More Definitions of Lockbox

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 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 is described in Section 6.2.

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.