Examples of Lockbox Account Control Agreement in a sentence
The Lockbox Account Control Agreement will provide that all funds in the Lockbox Account will be swept daily into the Collection Account.
On or prior to the date hereof, the Issuer, the Lockbox Account Depository and the Indenture Trustee shall have entered into the Lockbox Account Control Agreement pursuant to which the Issuer shall establish and maintain the Lockbox Account for the benefit of the Noteholders.
All Lockbox Accounts are subject to a Lockbox Account Control Agreement duly executed and delivered by the Borrower and the applicable Lockbox Account Bank.
The Lockbox Account and the Collection Account (including any related money market account) shall, at all times, be subject to a Lockbox Account Control Agreement or Collection Account Control Agreement, as applicable, in form and substance acceptable to the Agent.
Company has established pursuant to the Lockbox Account Control Agreement and the other Control Agreements for the benefit of the Administrative Agent, on behalf of the Secured Parties, a system of lockboxes and related accounts or deposit accounts as described in Sections 2.11(a) and (b) (the “ Lockbox System”) into which (subject to the proviso in Section 2.11(a)) all Collections shall be deposited.