Lockbox Account Agreement definition

Lockbox Account Agreement means the Lockbox Account Agreement, dated as of , 20 , by and among AmeriCredit, . and the Trust Collateral Agent, as such agreement may be amended or supplemented from time to time, unless the Trust Collateral Agent shall cease to be a party thereunder, or such agreement shall be terminated in accordance with its terms, in which event “Lockbox Account Agreement” shall mean any replacement agreement therefor among the Servicer, the Trust Collateral Agent and the Lockbox Bank.
Lockbox Account Agreement means any replacement agreement therefor among the Servicer, the Trust Collateral Agent and the Lockbox Bank.
Lockbox Account Agreement means any agreement among an Originator, the Borrower, GE Capital, as Administrative Agent, and a Lockbox Account Bank with respect to a Lockbox and Lockbox Account that provides, among other things, that (a) all items of payment deposited in such Lockbox and Lockbox Account are held by such Lockbox Account Bank as custodian for GE Capital, as Administrative Agent, (b) such Lockbox Account Bank has no rights of setoff or recoupment or any other claim against such Lockbox Account, as the case may be, other than for payment of its service fees and other charges directly related to the administration of such Lockbox Account and for returned checks or other items of payment and (c) such Lockbox Account Bank agrees to forward all Collections received in such Lockbox Account to the Collection Account within one Business Day of receipt (other than with respect to Lockbox Accounts maintained in Canada, with respect to which Collections received therein must be forwarded to the Collection Account within two Business Days of receipt), and is otherwise in form and substance acceptable to the Administrative Agent.

Examples of Lockbox Account Agreement in a sentence

Such terms are set forth in this Lockbox Account Agreement (the “Agreement”).

The Servicer shall be liable for the fees and expenses of the Owner Trustee, the Trust Collateral Agent, the Trustee, the Custodian, the Lockbox Bank (and any fees under the Lockbox Account Agreement), the Lockbox Processor (and any fees under the Lockbox Processing Agreement) and the Independent Accountants.

A Lockbox Account and a Cash Management Account have been or shall be established pursuant to the terms of the Mortgage Loan Agreement, the Cash Management Agreement and the Lockbox Account Agreement.

The Servicer shall exercise and enforce the rights of the Trust Fund with respect to the Cash Management Account and the Lockbox Account under the Mortgage Loan Agreement, the Cash Management Agreement and the Lockbox Account Agreement in accordance with Accepted Servicing Practices and the other terms of this Agreement and the other Mortgage Loan Documents.

The Servicer shall be liable for the fees and expenses of the Owner Trustee, the Backup Servicer, the Trust Collateral Agent, the Trustee, the Custodian, the Lockbox Bank (and any fees under the Lockbox Account Agreement), the Lockbox Processor (and any fees under the Lockbox Processing Agreement) and the Independent Accountants.


More Definitions of Lockbox Account Agreement

Lockbox Account Agreement means the Deposit Account Control Agreement, dated as of June 2, 2021, by and among Exeter, the Issuer, Wells Fargo Bank, National Association, as Lockbox Bank, and the Indenture Trustee, as such agreement may be amended or supplemented from time to time, unless the Indenture Trustee shall cease to be a party thereunder, or such agreement shall be terminated in accordance with its terms, in which event “Lockbox Account Agreement” shall mean any replacement agreement therefor among the Servicer, the Issuer, the Indenture Trustee and the Lockbox Bank.
Lockbox Account Agreement means any replacement agreement therefor among the Servicer, the Issuer, the Indenture Trustee and the Lockbox Bank.
Lockbox Account Agreement has the meaning set forth in Section 3.1(a).
Lockbox Account Agreement shall have the meaning set forth in Section 4.7.
Lockbox Account Agreement means an agreement among the Servicer and a depository institution satisfactory to the Purchaser with respect to the Commercial Lockbox Account and among the Seller, the Servicer and a depository institution satisfactory to the Purchaser with respect to the Medicare Lockbox Account, in each case (a) providing that all Collections therein shall be remitted directly by such depository institution to the Collection Account within one Business Day of receipt and (b) otherwise satisfactory to the Purchaser.
Lockbox Account Agreement means any Lockbox Account Agreement between the Senior Collateral Agent and a Lockbox Account Bank substantially in the form of Schedule 7 to this Agreement.
Lockbox Account Agreement means an agreement among an Originator, Borrower, Administrator and the bank holding any LockBox Account, in substantially the form of Exhibit E attached hereto.