Common use of Lockbox Account Clause in Contracts

Lockbox Account. Each Obligor has been, or will be, directed to make all payments on their related EFLLC Receivable to the Lockbox Bank for deposit into the Lockbox Account.

Appears in 58 contracts

Sources: Purchase Agreement (Exeter Automobile Receivables Trust 2026-1), Purchase Agreement (Efcar, LLC), Purchase Agreement (Exeter Automobile Receivables Trust 2025-5)

Lockbox Account. Each Obligor has been, or will be, directed to make all payments on their related EFLLC EFIT Receivable to the Lockbox Bank for deposit into the Lockbox Account.

Appears in 8 contracts

Sources: Sale Agreement (Exeter Automobile Receivables Trust 2021-3), Sale Agreement (Exeter Automobile Receivables Trust 2021-3), Sale Agreement (Exeter Automobile Receivables Trust 2021-2)