Lockboxes definition

Lockboxes has the meaning set forth in Section 2.7.

Lockboxes has the meaning given such term in Section 8(a).

Lockboxes means, collectively, the lockboxes established at the Collection Account Banks for collection of payments in respect of Receivables or other Collateral.

Examples of Lockboxes in a sentence

• Borrower shall at all times maintain lockboxes (the "Lockboxes") and, immediately after the Closing Date, shall instruct all Account Debtors with respect to the Accounts, General Intangibles, and Negotiable Collateral of Borrower to remit all Collections in respect thereof to such Lockboxes.

• The Borrower and the Servicer hereby transfer to the Administrative Agent, effective when the Administrative Agent shall give notice to the Collection Banks as provided in the Collection Account Agreements, the exclusive dominion and control over the Lockboxes and the Collection Accounts, and shall take any further action that the Administrative Agent may reasonably request to effect such transfer.

• Borrowers shall at all times maintain lockboxes (the "Lockboxes") and, immediately after the Closing Date, shall instruct all Account Debtors with respect to the Accounts, General Intangibles, and Negotiable Collateral of Borrowers to remit all Collections in respect thereof to such Lockboxes.

• Each Borrower will not, and will not permit any of its Subsidiaries to, (i) forward any collections from any Government Account Debtor in the applicable Government Lockbox Accounts or the Government Lockboxes except as required under Section 4.8(i), or (ii) direct any Government Account Debtor to make a payment in respect of any Account in any place or account other than the applicable Government Lockbox Account or applicable Government Lockbox.

• In the case of Deposit Accounts, Blocked Accounts or Lockboxes maintained with Secured Parties, the terms of such letter shall be subject to the provisions of the Credit Agreement regarding setoffs.

More Definitions of Lockboxes

Lockboxes shall have the meaning set forth in Section 7.1(a).

Lockboxes shall have the meaning given to such term in Section 2.4(b)(i) hereof.

Lockboxes has the meaning specified therefor in Section 8.01.

Lockboxes shall have the meaning ascribed to that term in SECTION 2.5(b)(i).

Lockboxes means, collectively, the lockboxes established by the Borrowers with the Blocked Account Bank for collection of payments in respect of Receivables or other Collateral; and "Lockbox" means any one of the Lockboxes.

Lockboxes has the meaning specified therefor in Section 9.01(a).

Lockboxes has the meaning assigned to such term in Section 5.15(a).