Common use of Account Banks and Payment Instructions Clause in Contracts

Account Banks and Payment Instructions. The names and addresses of all the banks, together with the account numbers of the accounts at the banks, into which Collections are paid as of the First Issuance Date have been accurately identified to Buyer in a letter from such Seller to Buyer dated the First Issuance Date or have been specified in the notices as shall have been delivered thereafter pursuant to Section 6.3(c). Each Account Bank has executed and delivered an Account Agreement to Buyer and the Trustee. Such Seller has instructed all Obligors to submit all payments on the Receivables and Related Assets directly to one of the Lockbox Accounts. Any payments not made directly to the Account Banks will be forwarded by the recipient of such payments to the Account Banks within two Business Days.

Account Banks and Payment Instructions. The names and addresses of all the banks, together with the account numbers of the accounts at the banks, into which Collections are paid as of the First Issuance Date have been accurately identified to Buyer in a letter from such Seller to Buyer dated the First Issuance Date or have been specified in the notices as shall have been delivered thereafter pursuant to Section SECTION 6.3(c). Each Account Bank has executed and delivered an Account Agreement to Buyer and the Trustee. Such Seller has instructed all Obligors to submit all payments on the Receivables and Related Assets directly to one of the Lockbox Accounts. Any payments not made directly to the Account Banks will be forwarded by the recipient of such payments to the Account Banks within two Business Days.

Account Banks and Payment Instructions. The names and addresses of all the banks, together with the account numbers of the accounts at the banks, into which Collections are paid as of the First Issuance Date have been accurately identified to Buyer in a letter from such Seller to Buyer dated the First Issuance Date or have been specified in the notices as shall have been delivered thereafter pursuant to Section 6.3(c). Each Account Bank has executed and delivered an Account Agreement to Buyer and the Trustee. Such Seller has instructed all Obligors to submit all payments on the Receivables and Related Assets directly to one of the Lockbox Accounts, subject to such exceptions as are permitted under Section 3.3 of the Pooling Agreement. Any payments not made directly to the Account Banks will be forwarded by the recipient of such payments to the Account Banks within two Business Days.