Deposits to Lock-Box Accounts. The Seller will instruct all Obligors to remit all their payments in respect of Receivables to Lock-Box Accounts. If the Seller shall receive any Collections directly, it shall immediately (and in any event within two Business Days) deposit the same to a Lock-Box Account.
Appears in 4 contracts
Samples: Receivables Purchase Agreement (Lexmark International Inc /Ky/), Receivables Purchase Agreement (Lexmark International Inc /Ky/), Receivables Purchase Agreement (Lexmark International Inc /Ky/)
Deposits to Lock-Box Accounts. The Each Seller will instruct all Obligors to remit all their payments in respect of Transferred Receivables to into Lock-Box Accounts. If the such Seller shall receive any Collections directly, it shall immediately (and in any event within two Business Days) deposit the same to a Lock-Box Account. Such Seller will not deposit or otherwise credit, or cause or permit to be so deposited or credited, to any Lock-Box Account cash or cash proceeds other than Collections of Transferred Receivables.
Appears in 2 contracts
Samples: Purchase and Contribution Agreement (Ferro Corp), Receivables Purchase Agreement (Ferro Corp)
Deposits to Lock-Box Accounts. The Seller will instruct all Obligors to remit all their payments in respect of Transferred Receivables to into Lock-Box Accounts. If the Seller shall receive any Collections directly, it shall immediately (and in any event within two Business Days) deposit the same to a Lock-Box Account.
Appears in 1 contract
Samples: Purchase and Contribution Agreement (Lexmark International Inc /Ky/)
Deposits to Lock-Box Accounts. The Such Seller will instruct all Obligors to remit all their payments in respect of Transferred Receivables to into Lock-Box Accounts. If the such Seller shall receive any Collections directly, it shall immediately (and in any event within two Business Days) deposit the same to a Lock-Box Account.
Appears in 1 contract
Samples: Purchase and Contribution Agreement (Lexmark International Inc /Ky/)
Deposits to Lock-Box Accounts. The Each Seller will instruct all Obligors to remit all their payments in respect of Purchased Receivables to into Lock-Box Accounts. If the such Seller shall receive any Collections directly, it shall immediately (and in any event within two Business Days) deposit the same to a Lock-Box Account. Such Seller will not deposit or otherwise credit, or cause or permit to be so deposited or credited, to any Lock-Box Account cash or cash proceeds other than Collections of Purchased Receivables.
Appears in 1 contract
Samples: Purchase Agreement (Ferro Corp)
Deposits to Lock-Box Accounts. The Each Seller will instruct all Obligors to remit all their payments in respect of Purchased Receivables to into Lock-Box Accounts. If the such Seller shall receive any Collections directly, it shall immediately (and in any event within two (2) Business Days) deposit the same to a Lock-Box Account. Such Seller will not deposit or otherwise credit, and will use commercially reasonable efforts not to allow or cause to be so deposited or credited, to any Lock-Box Account cash or cash proceeds other than Collections of Purchased Receivables.
Appears in 1 contract
Samples: Purchase Agreement (Ferro Corp)
Deposits to Lock-Box Accounts. The Seller will instruct all Obligors to remit all their payments in respect of Receivables to Lock-Box Accounts. If the Seller shall receive any Collections directly, it shall immediately (and in any event within two Business Days) deposit the same to a Lock-Box Account. The Seller will not deposit or otherwise credit, or cause or permit to be so deposited or credited, to any Lock-Box Account cash or cash proceeds other than Collections of Receivables.
Appears in 1 contract