Lockbox Fee definition

Lockbox Fee means on each Payment Date, the fee payable by the Issuer to the Lockbox Bank in accordance with the Lockbox Agreement.
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Lockbox Fee. Each month Borrower will pay all costs in connection with the Lockbox and the Lockbox Account, as determined by Crestmark from time to time.
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Lockbox Fee means on each Distribution Date, the fee payable by the Buyer to the Lockbox Bank in accordance with Section 4.3(a)(iii) of the Agreement.
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Examples of Lockbox Fee in a sentence

  • The Borrower shall pay to the Bank a monthly lockbox fee (the "Lockbox Fee") in the amount of $500.00 commencing with the execution of this Agreement and for each successive month thereafter, subject to adjustment in accordance with the operations experience and the Lockbox Agreement (as referenced herein) until all Obligations have been paid in full and the Loan Facility has been terminated under the Loan Documents.

  • If a lockbox is implemented hereunder, the Borrower shall pay to the Bank a monthly lockbox fee (the "Lockbox Fee") in the amount of $625.00 for each month, subject to adjustment in accordance with the operations experience and the Lockbox Agreement (as referenced herein) until all Obligations have been paid in full and the Loan Facility has been terminated under the Loan Documents.

  • Borrower agrees to pay the fees for the Lockbox Service charged by Regulus (the “Regulus Fees”), which fees for the standard lockbox processing procedures will be based on the charges specified in that standard Lockbox Fee Schedule of Regulus current at the time the fees are charged.

  • Borrower agrees to pay the fees for the Lockbox Service charged by Lockbox Processor (the "Lockbox Processor Fees"), which fees for the standard lockbox processing procedures will be based on the charges specified in that standard Lockbox Fee Schedule of Lockbox Processor current at the time the fees are charged.


More Definitions of Lockbox Fee

Lockbox Fee means on each Payment Date, the fee payable by the Note Issuer to the Lockbox Bank in accordance with the Lockbox Agreement.
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Lockbox Fee. Each month Borrower will pay Crestmark a Lockbox Fee in the amount of Three Hundred Fifty and no/100 Dollars ($350.00).
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Related to Lockbox Fee

  • Lockbox Account Agreement means any replacement agreement therefor among the Servicer, the Trust Collateral Agent and the Lockbox Bank.

  • Lockbox Bank means a depository institution named by the Servicer and acceptable to the Controlling Party.

  • Lockbox Agreement means each agreement between a Borrower and a Clearing Bank concerning the establishment of a Lockbox for the collection of Receivables.

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

  • Lockbox has the meaning set forth in Section 2.11.