Lockbox Account definition

Lockbox Account means an account maintained on behalf of the Trust Collateral Agent by the Lockbox Bank pursuant to Section 4.2(d).
Lockbox Account shall have the meaning set forth in Section 2.7.1 hereof.
Lockbox Account means a depositary account established pursuant to one of the Lockbox Agreements.

Examples of Lockbox Account in a sentence

  • After deducting from payments to be received by Seller into the Lockbox Account, Paying Agent shall promptly (but in no case more than 72 hours) forward any remaining funds to Purchaser.

  • The first payment shall be made out of monthly collections from the Lockbox Account and administered by Paying Agent on any Installment Sales funded by the 20th day of the month for any Installment Sales.

  • Purchaser shall have provided to Paying Agent an irrevocable directive for all USAC payments and other reimbursement subsidies to have been directly wired to the Lockbox Account for the purpose of Seller or its designated Lender to receive from the Lockbox Account receive any amounts currently due and owing by Purchaser to Seller.

  • Purchaser will maintain a Lockbox Account for the benefit of Seller and its Lender (as such term is defined in the Paying Agent Agreement) for all USAC and other payments for the duration of this Agreement or until all outstanding amounts due to Seller have been repaid.

  • Borrower neither has nor shall have any control over the Lockbox Account, the Collection Account, the Liquidity Reserve Account, the Takeout Transaction Account, the Supplemental Reserve Account or any Service Provider’s Account.


More Definitions of Lockbox Account

Lockbox Account shall have the meaning set forth in Section 3.1(b) hereof.
Lockbox Account means an account or accounts maintained at the Lockbox Bank into which collections of Accounts are paid, which account or accounts shall be, if requested by Agent, opened in the name of Agent (or a nominee of Agent).
Lockbox Account means the account maintained with the Lockbox Bank and identified on Exhibit K hereto and any other account hereafter established to accept collections on the Contracts.
Lockbox Account means the account maintained with the Lockbox Bank and identified on Exhibit K hereto.
Lockbox Account means the deposit account maintained at the Lockbox Bank pursuant to the Lockbox Agreement, which shall be a non-interest bearing account.
Lockbox Account shall have the meaning set forth in Section 2.27.