Deposits to the Lockbox Account. If the Manager shall receive any Collections with respect to any User Contract directly, the Manager shall deposit such funds into the Lockbox Account within three (3) Business Days of the receipt thereof. The obligation of the Manager to make such deposit shall constitute a full recourse obligation of the Manager (for which the Manager shall not be entitled to receive indemnification from the Issuer or the Lessor).
Appears in 2 contracts
Samples: Management Agreement (Exterran Partners, L.P.), Management Agreement (Exterran Partners, L.P.)
Deposits to the Lockbox Account. If the Manager shall receive any Collections with respect to any User Contract Owner Compressor directly, the Manager shall deposit such funds into the Lockbox Account within three (3) Business Days of the receipt thereof. The obligation of the Manager to make such deposit shall constitute a full recourse obligation of the Manager (for which the Manager shall not be entitled to receive indemnification from the Issuer or the ABS Lessor).
Appears in 1 contract
Deposits to the Lockbox Account. If the Manager shall receive any Collections with respect to any User Contract Owner Compressor directly, the Manager shall deposit such funds into the Lockbox Account within three (3) Business Days of the receipt thereof. The obligation of the Manager to make such deposit shall constitute a full recourse obligation of the Manager (for which the Manager shall not be entitled to receive indemnification from the Issuer or the LessorIssuer).
Appears in 1 contract
Samples: Management Agreement (Universal Compression Holdings Inc)
