Lockbox Account definition

Lockbox Account shall have the meaning set forth in Section 2.7.1 hereof.

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 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.

Examples of Lockbox Account in a sentence

• Within the Lockbox Account, Client violation payments are applied to open citations and reconciled on a weekly basis for processing of payments to the Department of Revenue, other governmental entities and the School Crossing Guard Recruitment and Retention Program in compliance with section 316.1896, Florida Statutes.

• If the Lockbox Method is used, Merchant hereby authorizes Purchaser to initiate a lockbox arrangement and to instruct Merchant's Approved Card Processor and Merchant's invoiced customers/clients/vendees to deposit all sums due to Merchant from each of those parties directly to the Lockbox Account.

• Other than accounts on Schedule II attached hereto, the Borrower (or, with respect to the SAP Lockbox Account, SAP) does not have any other accounts.

• The Servicer shall exercise and enforce the rights of the Trust with respect to the Cash Management Account, the Concentration Account, the Lockbox Account and the Reserve Accounts under the Mortgage Loan Agreement, the Concentration Account Agreement, the Lockbox Agreement and the Cash Management Agreement, and shall make deposits thereto and withdrawals therefrom, all in accordance with Accepted Servicing Practices and the other terms of this Agreement and the other Mortgage Loan Documents.

• The names and addresses of the Collection Account, the Supplemental Reserve Account, the Liquidity Reserve Account, the SAP Lockbox Account, the SAP Revenue Account, the Takeout Transaction Account and the Borrower’s Account are specified on Schedule II attached hereto, as updated pursuant to Section 5.1(Q).

More Definitions of Lockbox Account

Lockbox Account. An account maintained by Xxxxx Fargo Bank, National Association or another third party custodian or trustee selected by Purchaser for the purpose of receiving Servicing Spread Collections.

Lockbox Account means a depositary account established pursuant to one of the Lockbox Agreements.

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 an account or accounts maintained at the Lockbox Bank into which collections of Accounts are paid.

Lockbox Account means a depository account established pursuant to one of the Lockbox Agreements.

Lockbox Account means an account established and maintained by Exeter at the Lockbox Bank pursuant to Section 4.2(d).

Lockbox Account has the meaning set forth in Section 3.1(a).