Lockbox Agreements. The Buyer shall have received duly executed copies of Lockbox Servicing Agreements with each of one or more Permitted Lockbox Banks.
Lockbox Agreements. The Seller and the Master Servicer shall enter into a Lockbox Agreement with Wachovia with respect to each Lockbox Bank with respect to each Lockbox Account, and shall instruct all Obligors to deposit all Collections to the Lockbox Accounts. Upon the establishment of the Collection Account, if any, the Master Servicer shall instruct each Lockbox Bank to deposit all Collections to the Collection Account. The Seller will not give any contrary or conflicting instructions, and will, upon the request of the Master Servicer or the Administrative Agent, confirm such instructions by the Master Servicer or take such other action as may be reasonably required to give effect to such instructions.
Lockbox Agreements. If a Servicer Default has occurred and is continuing, or to the extent set forth in any Supplement, upon the occurrence of an Amortization Event with respect to any Series of Notes, the Indenture Trustee, as assignee of the Transferor and the Issuer with respect to the Lockboxes, may give Termination Notices to the Lockbox Banks under the Lockbox Agreements in order to terminate the Servicer’s ability to instruct the Lockbox Banks as to the transfers of funds from the Lockbox Accounts and to instruct the Lockbox Banks to follow the directions of the Indenture Trustee as to all such transfers. In the event the Indenture Trustee gives such Termination Notices, all such transfers from the Lockbox Accounts must be made directly to the Collection Account or, to the extent otherwise permitted under the Indenture or an applicable Supplement, to such other accounts established under the Indenture and/or any Supplement for the benefit of the Noteholders.
Lockbox Agreements. Such Seller shall, on or prior to the date of this Agreement, deliver to the Company a Lockbox Agreement, duly countersigned and agreed to by each bank holding a Lockbox Account of such Seller or, if any such bank fails to agree to the terms thereof, by such other bank as shall agree to become a Lockbox Processor for such Seller on the terms and conditions set forth in such Lockbox Agreement.
Lockbox Agreements. The Lockbox Agreements.
Lockbox Agreements. A lockbox agreement shall have been executed by Tranche B Borrower, each other Grantor (other than Tranche A Borrower) and each Bank, in form and substance satisfactory to IBM Credit;
Lockbox Agreements. On or before the Initial Closing Date, the Transferor, the Servicer, the Collateral Trustee on behalf of the Noteholders and the Holder of the Transferor Interest and each Lockbox Processor shall have entered into an agreement (each a "Lockbox Agreement") in a form substantially similar to Exhibit E, as the same may be amended, supplemented or otherwise modified from time to time (provided, however, that if the Collateral Trustee is not the Lockbox Processor, no such amendment, supplement or modification will permit, without the consent of the Collateral Trustee, (i) any increase in the time between receipt of a payment and remittance to the Collateral Trustee, (ii) a change in the payment instruction to the Collateral Trustee or (iii) a change in the payment instruction to the Lockbox Processor), pursuant to which such Lockbox Processor is irrevocably directed, and such Lockbox Processor irrevocably agrees, to deposit funds received in the Lockbox in the Lockbox Account. Pursuant to the Lockbox Agreement, the Lockbox Processor maintaining the Lockbox Account shall be irrevocably directed, and shall irrevocably agree, to transfer funds on deposit in the Lockbox Account within two Business Days of receipt thereof to the Collection Account. The Lockbox Account shall be maintained in accordance with the terms and conditions of such documentation. A new Lockbox Account may be designated by the Transferor and the Servicer, and the Collateral Trustee shall consent to any such change in the Lockbox Account; provided that (i) the Collateral Trustee shall have received from the Transferor or the Servicer written notice of such change at least 30 days prior to the proposed effective date of such change and (ii) the Lockbox Processor chosen to maintain such new Lockbox Account shall enter into a Lockbox Agreement with the Transferor, the Servicer and the Collateral Trustee, substantially similar to Exhibit E.
Lockbox Agreements. The Administrative Agent, each Managing Agent and each Buyer shall have received duly executed copies of a letter from the Administrative Agent to each Permitted Lockbox Bank which is party to a Lockbox Servicing Agreement in connection with the Existing Purchase Agreement, which provides notice of the amendments to the Existing Purchase Agreement set forth in this Agreement.
Lockbox Agreements. If a Servicer Default has occurred and is continuing, or to the extent set forth in any Supplement, upon the occurrence of an Amortization Event with respect to any Series of Notes, the Indenture Trustee, as assignee of the Transferor and the Issuer with respect to the Lockboxes, may give Termination Notices to the Lockbox Banks under the Lockbox Agreements in order to terminate the Servicer’s ability to instruct the Lockbox Banks as to the transfers of funds from the Lockbox Accounts and to instruct the Lockbox Banks to follow the directions of the Indenture Trustee as to all such transfers. In the event the Indenture Trustee gives such Termination Notices, all such transfers from the Lockbox Accounts must be made directly to the Collection Account or, to the extent otherwise permitted under the Indenture or an applicable Supplement, to such other accounts established under the Indenture and/or any Supplement for the benefit of the Noteholders.”
4.15 Section 11.12 is hereby amended (x) to delete therefrom the phrase “Cendant Corporation and PHH” and substitute therefor the phrase “Cendant, PHH and CRESG” and (y) to delete therefrom the phrase “Cendant Corporation nor PHH” and substitute therefor the phrase “Cendant, CRESG nor PHH”.
Lockbox Agreements. The Lockbox Agreements, duly executed by the Borrower and each of its Domestic Subsidiaries;
