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

  • Administrative Agent shall have the sole right to make withdrawals from the Lockbox Account in accordance with and subject to the Lockbox Agreement.

  • The Lockbox Account and each Paying Agent Account shall have been opened in the name of the Borrower.

  • The Borrower has directed the Provider to cause all Host Customers to make all Host Customer Payments directly to the Lockbox Account.

  • The Borrower shall not permit the Lockbox Account to be subject to deduction, set-off, banker’s lien, or any other right in favor of any Person other than the Collateral Agent, for the benefit of the Secured Parties (except for Returned Items).

  • The account numbers of the Paying Agent Accounts and the Lockbox Account are specified on Schedule II attached hereto, as updated pursuant to Section 5.1(V).


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 specified in Section 3.01(b).