Examples of Lockbox Processor in a sentence

Each Obligor has been, or will be, directed to make all payments on their related Receivable to the Lockbox Processor for deposit into the Lockbox Account.
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.
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.
Pursuant to the Lockbox Agreement, the Trustee has authorized the Servicer to direct dispositions of funds on deposit in the Lockbox Account to the Collection Account (but not to any other account), and no other Person, except the Lockbox Processor and the Trustee, has authority to direct the disposition of funds on deposit in the Lockbox Account.
Each Lockbox Processor has executed and delivered to the Company a Lockbox Agreement.

More Definitions of Lockbox Processor

Lockbox Processor means the depositary institution or processing company (which may be the Trustee) which processes payments on the Receivables sent by the Obligors thereon forwarded to a Lockbox.

Lockbox Processor means the depositary institution or processing company (which may be the Trustee) which processes payments on the Leases sent by the Lessees thereon forwarded to a Lockbox.

Lockbox Processor means Regulus West, LLC and its successors and assigns.

Lockbox Processor means the Person appointed as lockbox processor pursuant to the Lockbox Agreement and its successors thereunder.