LOCKBOX(S) definition

LOCKBOX(S) means and refers to each Lockbox Account where each Account Debtor or other Person is instructed by a Borrower to make payment of all amounts due and owing on their Accounts, and to make all other cash payments due and owing to a Borrower.
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Related to LOCKBOX(S)

  • Lockbox has the meaning set forth in Section 2.11.

  • Lockboxes has the meaning set forth in Section 2.7.

  • Lockbox Processor means Regulus Group II LLC, or its successors or assigns.

  • Lockbox Accounts means the accounts maintained by Borrower at the Lockbox Banks into which all collections or payments on their Accounts and other Collateral are paid.

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