Common use of Change in Lock-Box Banks, Lock-Box Accounts and Payment Instructions to Obligors Clause in Contracts

Change in Lock-Box Banks, Lock-Box Accounts and Payment Instructions to Obligors. The Servicer shall not add or terminate any bank as a Lock-Box Bank or any account as a Lock-Box Account (or any related lock-box) from those listed in Schedule II to the Agreement, or make any change in its instructions to Obligors regarding payments to be made to the Servicer or any Lock-Box Account (or the related lock-box), unless the Administrator shall have consented thereto in writing and the Administrator shall have received copies of all agreements and documents (including Lock-Box Agreements) that it may request in connection therewith.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Carpenter Technology Corp), Receivables Purchase Agreement (Carpenter Technology Corp)

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Change in Lock-Box Banks, Lock-Box Accounts and Payment Instructions to Obligors. The Servicer shall not add Add or terminate any bank as a Lock-Box Bank or any account as a Lock-Box Account (or any related lock-box) from those listed in Schedule II to the Receivables Purchase Agreement, or make any change in its instructions to Obligors regarding payments to be made to such Originator, the Servicer Company or any Lock-Box Account (or the related lock-post office box), unless the Administrator Funding Agents shall have consented thereto in writing and the Administrator Funding Agents shall have received copies of all agreements and documents (including Lock-Box AgreementsLetters) that it they may request in connection therewith.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Sequa Corp /De/)

Change in Lock-Box Banks, Lock-Box Accounts and Payment Instructions to Obligors. The Servicer shall not (and shall not permit any Originators to) add or terminate any bank as a Lock-Box Bank or any account as a Lock-Box Account (or any related lock-box) from those listed in Schedule II to the Agreement, or make any change in its instructions to Obligors regarding payments to be made to the Servicer or any Lock-Box Account (or the related lock-post office box), unless the Administrator shall have consented thereto in writing and the Administrator shall have prior to such termination and instruction received copies of all agreements and documents (including Lock-Box Agreements) that it may request in connection therewith.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Kansas City Power & Light Co)

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Change in Lock-Box Banks, Lock-Box Accounts and Payment Instructions to Obligors. The Servicer Seller shall not add or terminate any bank as a Lock-Box Bank or any account as a Lock-Box Account (or any related lock-box) from those listed in Schedule II to the Agreement, or make any change in its is instructions to Obligors regarding payments to be made to the Servicer Seller or any Lock-Box Account (or the related lock-box), unless the Administrator shall have consented thereto in writing and the Administrator shall have received copies of all agreements and documents (including Lock-Box Agreements) that it may request in connection therewith.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Carpenter Technology Corp)

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