Lockbox Control Agreement Sample Clauses
Lockbox Control Agreement. Subject to the following sentence, immediately following an Event of Default and in no event later than ten (10) Business Days following any such Event of Default, Borrower shall deliver or cause to be delivered to the Purchaser a lockbox account control agreement (the “Account Control Agreement”), in form and substance satisfactory to Purchaser and its counsel, covering such Borrower accounts as determined by Purchaser. In the event any such depository bank or Securities Intermediary (as defined in the Security Agreement) refuses to execute and deliver the Account Control Agreement, the Purchaser, in its sole discretion, may require the applicable Deposit Account (as defined in the Security Agreement) (other than Excluded Deposit Account (as defined in the Security Agreement)) and Investment Property (as defined in the Security Agreement) to be transferred to a Controlled Depository (as defined in the Security Agreement) or Controlled Intermediary (as defined in the Security Agreement), as applicable.
Lockbox Control Agreement. The Deposit Account Control Agreement, dated on or prior to the Initial Advance Date, among the Borrower, the Lockbox Bank and the Trustee, with respect to the Lockbox Account.
Lockbox Control Agreement. Within five (5) Business Days (or such longer period as may be agreed to by the Purchaser acting in its sole discretion) following the Closing Date, CLMBR agrees to deliver or to cause to be delivered to the Purchaser the CLMBR Lockbox Control Agreement.