Common use of Lockbox Accounts Clause in Contracts

Lockbox Accounts. The name and address of the Lockbox Account Banks, together with the account numbers of the Lockbox Accounts of the Borrower at the applicable Lockbox Account Banks, is specified in Schedule VIII. The Lockbox Accounts are the only accounts to which Obligors have been directed to send Collections on the Collateral. The Borrower has not granted any Person an interest in the Lockbox Accounts.

Appears in 4 contracts

Samples: Credit Agreement (CLST Holdings, Inc.), Credit Agreement (CLST Holdings, Inc.), Credit Agreement (CLST Holdings, Inc.)

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Lockbox Accounts. The name and address of the Lockbox Account Banks, together with the account numbers of the Lockbox Accounts of the each Borrower at the applicable Lockbox Account Banks, is specified in Schedule VIIIVI (as may be amended). The Lockbox Accounts are the only accounts to which Obligors have been directed to send Collections on the CollateralCollateral are to be sent. The Borrower has Borrowers have not granted any Person an interest in the Lockbox AccountsAccounts other than any master collection account arrangement consented to by the Administrative Agent.

Appears in 2 contracts

Samples: Revolving Credit Agreement (CLST Holdings, Inc.), Revolving Credit Agreement (CLST Holdings, Inc.)

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