Examples of Lockbox Account Banks in a sentence
The name and address of the Lockbox Account Banks, together with the account numbers of the Lockbox Accounts of the Borrower at the applicable Lockbox Account Banks, is specified in Schedule VIII.
The name and address of the Lockbox Account Banks, together with the account numbers of the Lockbox Accounts at the applicable Lockbox Account Banks, is specified in Schedule II.
The names and addresses of all the Lock-box Account Banks, together with the account numbers of the Lock-box Accounts at such Lock-box Account Banks, are specified in Schedule II (other than any Lock-box Accounts and Lock-box Account Banks that may be added after the initial purchase hereunder in accordance with the terms of Section 7.3(a) of the Receivable Purchase Agreement).
The name and address of the Lockbox Account Banks, together with the account numbers of the Lockbox Accounts of each Borrower at the applicable Lockbox Account Banks, is specified in Schedule VI (as may be amended).
Each Originator shall instruct all Obligors to cause all Collections to be deposited directly into a Lock-box Account or to post office boxes to which only Lock-box Account Banks have access and shall cause all items and amounts relating to such Collections received in such post office boxes to be removed and deposited into a Lock-box Account on a daily basis.
Each of the Seller and the Collection Agent shall instruct all Obligors to cause all Collections to be deposited directly into a Lock-box Account or to post office boxes to which only Lock-box Account Banks have access and shall cause all items and amounts relating to such Collections received in such post office boxes to be removed and deposited into a Lock-box Account on a daily basis.
Borrowers may amend Schedule 2.8(a) to include additional Lockbox Account Banks so long as each such supplemental Lockbox Account Bank is acceptable to Agent.
The receipt of any payment by Agent (whether from transfers to Agent by the Lockbox Account Banks, Foreign Concentration Account Banks or otherwise) shall not be considered a payment on account unless such Collection item is a wire transfer of immediately available federal funds made to the Agent's Account or unless and until such payment item is honored when presented for payment.
United Receivables I shall instruct all Obligors to cause all Collections to be deposited directly into a Lock-box Account or to post office boxes to which only Lock-box Account Banks have access and shall cause all items and amounts relating to such Collections received in such post office boxes to be removed and deposited into a Lock-box Account on a daily basis.
The receipt of any payment by Agent (whether from transfers to Agent by the Lockbox Account Banks, Collection Account Banks or otherwise) shall not be considered a payment on account unless such Collection item is a wire transfer of immediately available federal funds made to the Agent's Account or unless and until such payment item is honored when presented for payment.