Common use of Lock-Box Banks and Accounts Clause in Contracts

Lock-Box Banks and Accounts. The Lock-Box Banks are the only --------------------------- institutions holding any accounts for the receipt of payments from Obligors in respect of Receivables (subject to such changes as may be made from time to time in accordance with Section 3.01(i)). All Obligors of the Receivables have been --------------- instructed by invoice to make payments only to the Post Office Boxes or the Wire Transfer Receipt Account and such instructions are in full force and effect.

Appears in 2 contracts

Samples: Servicing Agreement (Safeguard Scientifics Inc Et Al), Servicing Agreement (Compucom Systems Inc)

AutoNDA by SimpleDocs

Lock-Box Banks and Accounts. The Lock-Box Banks are the only --------------------------- institutions holding any lock-box accounts for the receipt of payments from Obligors in respect of Receivables (subject to such changes as may be made from time to time in accordance with Section 3.01(i2.06(i)). All Obligors of the Receivables ) and all Obligors, and only such Obligors, have been --------------- instructed by invoice to make payments only to the Post Office Boxes or the Wire Transfer Receipt Account Lock-Box Accounts and such instructions are in full force and effect.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Ingram Micro Inc)

AutoNDA by SimpleDocs

Lock-Box Banks and Accounts. The Lock-Box Banks are the only --------------------------- institutions holding any accounts for the receipt of payments from Obligors in respect of Receivables (subject to such changes as may be made from time to time in accordance with Section 3.01(i)). All Obligors of the Receivables have been --------------- ---------------- instructed by invoice to make payments only to the Post Office Boxes or the Wire Transfer Receipt Account and such instructions are in full force and effect.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Compucom Systems Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.