Lock Box. (a) Borrower agrees that the Obligations shall be on a “remittance basis”. Borrower shall at its sole expense establish and maintain (and Bank, at Bank’s option, may establish and maintain at Borrower’s expense):
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Samples: Loan and Security Agreement (Northern Power Systems Corp.), Loan and Security Agreement (Violin Memory Inc), Loan and Security Agreement (Verenium Corp)
Lock Box. (a) Each Borrower agrees that the Obligations shall be on a “remittance basis”. Each Borrower shall at its sole expense establish and maintain (and Bank, at Bank’s option, may establish and maintain at such Borrower’s expense):
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