Lockbox Servicer definition
Examples of Lockbox Servicer in a sentence
In the event that all obligations secured by the Conduit Assets shall have been paid in full and the Conduit Documents and liens created thereunder shall have been terminated or released, then the Conduit Agent shall promptly notify the other parties hereto and the Lockbox Servicer, and the Conduit Agent shall no longer have any rights or obligations hereunder with respect thereto.
In the event that all obligations secured by the 2000-1 Assets, the 2002-1 Assets, the 2002-2 Assets, the 2003-1 Assets and the 2003-2 Assets shall have been paid in full and liens created with respect thereto shall have been terminated or released, then the Indenture Trustee shall promptly notify the other parties hereto and the Lockbox Servicer, and the Indenture Trustee thereafter shall no longer have any rights or obligations hereunder with respect thereto.
The original principal amount of such secured Indebtedness for the Initial Project (including, without limitation, secured Indebtedness incurred by the Company pursuant to the Capital Lease) shall not exceed [***] in the aggregate, unless otherwise approved by the Board.
The Intercreditor and Lockbox Administration Agreement, dated as of March 1, 2002, by and among Interpool, ICF, the ICF Indenture Trustee, each Lessor, each Lessor Indenture Trustee, the Lockbox Trustee, the Lockbox Bank, the Lockbox Servicer and each other Joined Party made a party thereto from time to time in accordance with the terms and conditions thereof.
In the event that all obligations secured by the Securitization Assets with respect to a Securitization Agent shall have been paid in full and the Securitization Documents and liens created thereunder shall have been terminated or released, then the applicable Securitization Agent shall promptly notify the other parties hereto and the Lockbox Servicer, and such Securitization Agent shall no longer have any rights or obligations hereunder with respect thereto.
The Lockbox Agreement, dated as of March 1, 2002, by and among Interpool, ICF Indenture Trustee, each Lessor Indenture Trustee made a party thereto from time to time, the Lockbox Trustee, the Lockbox Bank and the Lockbox Servicer.
In the event that all obligations secured by Financing Assets with respect to a Financing Agent shall have been paid in full and the applicable Financing Documents and liens created thereunder shall have been terminated or released, then the applicable Financing Agent shall promptly notify the other parties hereto and the Lockbox Servicer, and such Financing Agent shall no longer have any rights or obligations hereunder.
Lockbox Servicer shall perform certain specified functions and deposit the checks into Customer's account.
Lockbox Servicer will retain the image for five years or for such other period, whether longer or shorter, if any, required by law.
Lockbox Servicer will provide photocopies to Customer upon request.