Instructions to the Obligors. The Originator shall instruct all Obligors to cause all Collections to be deposited directly to a Lock-Box Account or to post office boxes to which only Lock-Box Banks have access and shall cause all items and amounts relating to such Collections received in such post office boxes to be removed by the applicable Lock-Box Bank and deposited into a Lock-Box Account on a daily basis.
Appears in 3 contracts
Samples: Sale Agreement (Commercial Credit, Inc.), Sale Agreement (Commercial Credit, Inc.), Sale Agreement (Commercial Credit, Inc.)
Instructions to the Obligors. The Originator shall instruct all Obligors to cause all Collections to be deposited directly to a the Lock-Box Account or to post office boxes to which only the Lock-Box Banks have Bank has access and shall cause all items and amounts relating to such Collections received in such post office boxes to be removed by the applicable Lock-Box Bank and deposited into a the Lock-Box Account on a daily basis.
Appears in 3 contracts
Samples: Security Agreement (Commercial Credit, Inc.), Purchase Agreement (Commercial Credit, Inc.), Purchase Agreement (Commercial Credit, Inc.)
Instructions to the Obligors. The U.S. Originator shall instruct all Obligors to cause all Collections to be deposited directly to a Lock-Box Account or to post office boxes to which only Lock-Box Banks have access and shall cause all items and amounts relating to such Collections received in such post office boxes to be removed by the applicable Lock-Box Bank and deposited into a Lock-Box Account on a daily basis.
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