Lockbox Banks Sample Clauses

Lockbox Banks. The names and addresses of all Lockbox Banks, together with the account numbers of the Lockbox Accounts at such Lockbox Banks into which the Pool Collections are paid, are accurately set forth in Schedule 3.04(l). Each Lockbox and each Lockbox Account is subject to a Lockbox Agreement duly executed and delivered by the parties thereto.
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Lockbox Banks. The names and addresses of all Lockbox Banks, ------------- together with the account numbers of the Lockbox Accounts at such Lockbox Banks into which the Collections are paid, are accurately set forth in Schedule -------- 3.04(l). Each Lockbox and each Lockbox Account is subject to a Lockbox Agreement ------ duly executed and delivered by the parties thereto. Each Lockbox Account constitutes a "deposit account" within the meaning of the UCC. Pursuant to each Lockbox Agreement, each Lockbox Bank has agreed to comply with instructions originated by the Indenture Trustee directing disposition of the funds in the Lockbox Accounts without further consent by any of the Transaction Parties and such Lockbox Agreement is sufficient for the Indenture Trustee to have a perfected security interest in such Lockbox Accounts. None of the Lockbox Accounts are in the name of any person other than Issuer or the Indenture Trustee, and none of the Transaction Parties has consented to the banks maintaining any such Lockbox Accounts to comply with instructions of any person other than the Indenture Trustee. The representations and warranties set forth in this Section 3.04(l) shall survive the execution and delivery of this Agreement and ---------------- may not be waived by any party hereto except pursuant to an amendment executed in accordance with Section 10.01 and as to which the Rating ------------- Agency Condition has been satisfied.
Sample 1
Lockbox Banks. The Master Servicer shall direct each Lockbox Bank to make payments to the Collection Account or to a Concentration Account. The Master Servicer shall direct the Concentration Account Bank to make payments to the Collection Account.
Sample 1
Lockbox Banks. All action required to be taken with respect to the Lockbox Account and the Lockbox Bank pursuant to Section 5.02(h) has been taken. Except with respect to the Payment Account, the Lockbox Bank is the only institutions holding any deposit accounts or servicing the Lockbox Account for the receipt of Scheduled Payments in respect of the Receivables and Related Assets. All Obligors and Settlement Annuity Providers have been directed and instructed to make payments on the Receivables to the Lockbox Account and such instructions are in full force and effect.
Sample 1

Related to Lockbox Banks

  • Lockbox Accounts The names and addresses of all the Lockbox Banks, together with the account numbers of the Lockbox Accounts of the Seller at each Lockbox Bank and the post office box numbers of the lockboxes, are listed on Schedule 6.1(o) (or have been notified to and approved by the Agents in accordance with Section 7.3(d)) and are the only post office boxes and accounts into which Collections of Receivables are deposited or remitted. The Seller has not granted any Person, other than the Administrative Agent for the benefit of the Secured Parties as contemplated by this Agreement, control of any lockbox or Lockbox Account, or the right to take control of any such lockbox or Lockbox Account at a future time.

  • Blocked Accounts Agent shall have received duly executed agreements establishing the Blocked Accounts or Depository Accounts with financial institutions acceptable to Agent for the collection or servicing of the Receivables and proceeds of the Collateral;

  • Depository Banks The Borrowers and their Subsidiaries will maintain the Administrative Agent as its principal depository bank, including for the maintenance of operating, administrative, cash management, collection activity, and other deposit accounts for the conduct of its business.

  • Lockboxes To the extent items deposited to a Collateral Account have been received in one or more post office lockboxes maintained for Company by Bank (each a “Lockbox”) and processed by Bank for deposit, Company acknowledges that Company has granted Secured Party a security interest in all such items (the “Remittances”). During the term of this Agreement, neither Company nor Servicer will have any right or ability to instruct Bank regarding the receipt, processing or deposit of Remittances, and Secured Party alone will have the right and ability to so instruct Bank. Company, Servicer and Secured Party acknowledge and agree that Bank’s operation of each Lockbox, and the receipt, retrieval, processing and deposit of Remittances, will at all times be governed by Bank’s Master Agreement for Treasury Management Services or other applicable treasury management services agreement, and by Bank’s applicable standard lockbox Service Description.

  • Lockbox The Secured Party may, by notice to the Debtor, require the Debtor to direct each of its account debtors to make payment directly to a special lockbox to be under the control of the Secured Party. The Debtor hereby authorizes and directs the Secured Party to deposit all checks, drafts and cash payments received in said lockbox into the collateral account established as set forth above.

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

  • 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.

  • Lock-Box Accounts The names and addresses of all of the Lock-Box Banks, together with the account numbers of the Lock-Box Accounts at such Lock-Box Banks, are specified in Schedule 6.1(n).

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