Common use of Lock-Boxes Clause in Contracts

Lock-Boxes. The Lender may establish or cause to be established one or more lock boxes or other arrangement for the deposit of proceeds of Accounts, and, in such case, the Company shall cause to be forwarded to the Lender at the Lender's office set forth above, on a daily basis, collection reports in form and substance satisfactory to the Lender.

Lock-Boxes. The Lender may establish or cause to be established one or more lock boxes or other arrangement for the deposit of proceeds of Accounts, and, in such case, the Company each Guarantor shall cause to be forwarded to the Lender at the Lender's office set forth above, on a daily basis, collection reports in form and substance satisfactory to the Lender.

Lock-Boxes. The Lender may establish or cause to be established one or more lock boxes or other arrangement for the deposit of proceeds of Accounts, and, in such case, the Company Guarantor shall cause to be forwarded to the Lender at the Lender's office set forth above, on a daily basis, collection reports in form and substance satisfactory to the Lender.