Lockbox Agreement. The Borrower shall not, without first complying with the requirements of Section 9.1, amend, supplement, or otherwise modify the Lockbox Agreement. During a Highest Oversight Period, the Borrower shall, if so directed in writing by the Administrator of the RUS, (a) deposit, pursuant to such Lockbox Agreement, all cash proceeds of the Trust Estate, including, without limitation, checks, money and the like (other than cash proceeds deposited or required to be deposited with the Trustee pursuant to the Indenture), which cash proceeds shall include, without limitation, all payments by members of the Borrower on account of the Wholesale Power Contracts, in separate deposit or other accounts, segregated from all other monies, revenues and investments of the Borrower, and (b) take all such other actions as the RUS shall request to continue perfection of the lien of the Indenture in such proceeds for the benefit of all Holders of the Outstanding Secured Obligations.
Lockbox Agreement. The Lockbox and Servicing Agreement, dated as of December 16, 1999, by and among Borrower, Lenders, Agent, Servicing Agent and Lockbox Agent, pursuant to which the Lockbox Agent is to provide lockbox, reporting and related services and is to provide for the receipt of payments on the Notes Receivable and the disbursement of such payments to Agent.
Lockbox Agreement. Within thirty (30) days of the date hereof, Borrower shall provide Lender with that certain lockbox agreement substantially in the form attached hereto executed by Borrower and HSBC Bank USA, National Association.
Lockbox Agreement. The Debtors shall direct all of their Account Debtors to make all payments on the Accounts directly to a post office box (the “Lockbox”) designated by and under the exclusive control of the Bank pursuant to a form of Lockbox Mail Collection Service Agreement between the Debtor and the Bank in form and substance satisfactory to the Bank, to be executed, dated and delivered to the Bank within 120 days of the Closing under the Credit Agreement (the “Lockbox Agreement”). Within such 120-day period, the Debtor shall establish the Lockbox and an account (the “Lockbox Account”) in the Debtor’s name with the Bank into which all payments received in the Lockbox shall be deposited, and into which the Debtor will promptly, but no later than within one (1) Business Day, deposit all payments made for Inventory or services and received by the Debtor in the identical form in which such payments were made, whether by cash or check. If a Debtor, a Subsidiary or any director, officer, employee or agent of a Debtor or any Subsidiary, or any other Person acting for or in concert with a Debtor shall receive any monies, checks, notes, drafts or other payments relating to or as proceeds of Accounts or other Collateral, the Debtor and each such Person shall receive all such items in trust for, and as the sole and exclusive property of, the Bank and, immediately upon receipt thereof, shall remit the same (or cause the same to be remitted) in kind to the Lockbox Account. For the purpose of this paragraph, each Debtor irrevocably hereby makes, constitutes and appoints the Bank (and all Persons designated by the Bank for that purpose) as the Debtor’s true and lawful attorney and agent in-fact: (i) to endorse the Debtor’s name upon any such checks, notes, drafts, instruments, and other items of payment and/or proceeds of Collateral and upon any Chattel Paper, document, instrument, invoice or similar document or agreement relating to any Account of the Debtor or goods pertaining thereto; (ii) to take control in any manner of any item of payment or proceeds thereof; and (iii) to have access to any lock box or postal box into which any of the Debtor’s mail is deposited, and open and process all mail addressed to the Debtor and deposited therein.
Lockbox Agreement. An agreement among Borrower, Lender and Lockbox Agent providing for the receipt by Lockbox Agent of payments on the Financed Notes Receivable and disbursement of such payments to Lender.
Lockbox Agreement. That certain agreement by and among Lender, Borrower, and Lockbox Agent in substantially the form of Exhibit "C," attached hereto and incorporated herein by this reference, pursuant to which Lockbox Agent is engaged, at Borrower's sole cost and expense, as Lender's exclusive agent to receive, deposit, and disburse all amounts paid by each Purchaser or other obligor pursuant to any Pledged Note Receivable to which such Purchaser or other obligor is a party, as well as certain financial reporting services.
Lockbox Agreement. Borrower shall keep the Lockbox Agreement (or a substitute Lockbox Agreement with a lockbox agent acceptable to Agent) in full force and effect and shall perform its obligations thereunder, all in accordance with the terms and conditions set forth in the Lockbox Agreement.
Lockbox Agreement. The Master Cash Management Service Agreement, duly executed by the Borrowers and the Bank (the “Lockbox Agreement”), in the form prepared by and acceptable to the Bank.
Lockbox Agreement. Any default by Borrower under the Lockbox Agreement which is not cured within thirty (30) days after written notice of such default given by Lender to Borrower except that, if the default is such that it cannot be cured within said thirty (30) day period but is reasonably susceptible to cure within sixty (60) days, and Borrower promptly commences the cure of such default within thirty (30) days after such written notice and diligently pursues such cure to completion, then such thirty (30) day period shall be extended to such period of time as may be reasonably necessary, but in no event more than a total of sixty (60) days.; or
Lockbox Agreement. Borrower and each applicable Loan Party, if any, shall have executed and delivered one or more Lockbox Agreement(s) (“Lockbox Agreement”) and related documents in form and content reasonably satisfactory to Agent and consistent with the terms hereof relating to springing dominion into which Account Debtors shall remit or cause the remittance of payment with respect to all Receivables.
