Lock Box Agreement. Lock box agreement duly executed by Industries and Machine in form and substance satisfactory to the Lender, defining how payments of accounts receivable are to be paid and accounted for;
Lock Box Agreement. Borrower hereby acknowledges and confirms that (a) Borrower has established the Restricted Account, (b) the Lock-Box and Restricted Account are subject to the sole dominion, control and discretion of Lender, subject, upon execution and delivery of the Lock-Box Agreement, to the terms, covenants and conditions of the Lock-Box Agreement, (c) either (i) each resident under a Resident Agreement is currently depositing all Rents for which the resident is liable into the Lock-Box, or (ii) Borrower has delivered to the residents under the Resident Agreements at the Projects (and will deliver to any future residents under the Resident Agreements at the Projects) an instruction letter (a "Payment Direction Letter") or a properly coded invoice pursuant to which such residents have been and will be instructed to deposit into the Lock-Box all Rents due under their respective Resident Agreements, (d) in the event the Lock-Box is changed or if otherwise required by Lender, Borrower will execute a new Payment Direction Letter with respect to such new Lock-Box and deliver such new Payment Direction Letter to the residents under Resident Agreements at the Projects or will change the applicable coding on invoices to cause all Rents to be deposited in the new Lock-Box, (e) Lender shall have the sole right to make and to direct withdrawals from the Lock-Box and Restricted Account in accordance with the terms and conditions of this Agreement and the Lock-Box Agreement, and (f) neither Borrower nor any other person claiming on behalf of or through Borrower shall have any right or authority, whether express or implied, to make use of or withdraw any amounts on deposit in the Lock-Box or Restricted Account. Borrower agrees that throughout the term of the Project Loans all residents of the Projects will be instructed to deposit into the Lock-Box all Rents due under their respective Resident Agreements.
Lock Box Agreement. The Lender shall have received satisfactory evidence that the Lock Box Agreement is in full force and effect.
Lock Box Agreement. Buyers, Sellers and all of Sellers' lenders who require or maintain a lock box for the benefit of Sellers shall have entered into an agreement, satisfactory to Buyers, providing for the prompt payment by such lenders to Buyers of all Accounts Receivable collected by the lock boxes.
Lock Box Agreement. Lender may request at any and all times that contracts and accounts receivable of Borrower be paid through a Lock Box Agreement, as determined by Lender, for the receipt of payments on the accounts receivable of Borrower, in accordance with a form and execution as determined by Lender.
Lock Box Agreement. No later than 45 days from the date hereof the Seller shall deliver to the Purchaser a fully executed Lock-Box Agreement with respect to each Lock-Box Account.
Lock Box Agreement. 17 5.10 DEPOSIT ACCOUNT CONTROL AGREEMENTS........................................ 17 5.11 ISSUANCE OF WARRANT....................................................... 17
Lock Box Agreement. Within thirty (30) days after a request from Borrower for an Advance and at all times thereafter, Borrower shall direct each account debtor (and each depository institution where proceeds of accounts receivable are on deposit) to make payments with respect to all receivables to one or more lockbox accounts established with the Bank ("Lockbox") or to wire transfer payments to a cash collateral account that Bank controls, as and when directed by the Bank from time to time, at its option and at the sole and exclusive discretion of the Bank
Lock Box Agreement. Pursuant to the Lock Box Agreement, Chase shall receive in the post office box identified therein all payments on loans constituting Consumer Loan Collateral and other consumer loans pledged to the Agent (other than the Ineligible Note Portfolio) in the ordinary course of business. Chase shall deposit to the Depository Account (as defined in the Lock Box Agreement) each Business Day all payments collected with respect to the Consumer Loan Collateral and other consumer loans pledged to the Agent (other than the Ineligible Note Portfolio). Once each week, Chase shall transfer the total balance of the Depository Account to the Agent for deposit in the Borrower's Account. All amounts deposited in the Borrower's Account shall be applied by the Agent on a weekly basis as provided in Section 2.8 or Section 2.9, as the case may be"
(c) AMENDMENT TO SECTION 10.
Lock Box Agreement. The agreement between Servicer and the Lock Box Bank regarding the maintenance and operation of the Lock Box and containing such terms and conditions as are acceptable to Owner. Lock Box Bank. LaSalle National Bank, a national banking association, or any other banking institution acceptable to Owner.
