Common use of Establishment of a Lockbox Account, Dominion Account Clause in Contracts

Establishment of a Lockbox Account, Dominion Account. All proceeds of Collateral shall, at the direction of Agent, be deposited by Borrowers into a lockbox account, dominion account or such other "blocked account" ("Blocked Accounts") as Agent may require pursuant to an arrangement with such bank as may be selected by Borrowers and be acceptable to Agent. Borrowers shall issue to any such bank, an irrevocable letter of instruction directing said bank to transfer such funds so deposited to Agent, either to any account maintained by Agent at said bank or by wire transfer to appropriate account(s)

Establishment of a Lockbox Account, Dominion Account. All proceeds of Collateral shall, at the direction of Agent, shall be deposited by Borrowers Borrower into a lockbox account, dominion account or such other "blocked account" ("Blocked Accounts") as Agent may require pursuant to an arrangement with such bank as may be selected by Borrowers Borrower and be acceptable to Agent. Borrowers Borrower shall issue to any such bank, an irrevocable letter of instruction directing said bank to transfer such funds so deposited to Agent, either to any account maintained by Agent at said bank or by wire transfer to appropriate account(s)

Establishment of a Lockbox Account, Dominion Account. All proceeds of Collateral shall, at the direction of Agent, shall be deposited by Borrowers Borrower into a lockbox account, dominion account or such other "blocked account" ("Blocked Accounts") as Agent Lender may require pursuant to an arrangement with such bank as may be selected by Borrowers Borrower and be acceptable to AgentLender. Borrowers Borrower shall issue to any such bank, an irrevocable letter of instruction directing said bank to transfer such funds so deposited to AgentLender, either to any account maintained by Agent Lender at said bank or by wire transfer to appropriate account(s)