Common use of Lockboxes Clause in Contracts

Lockboxes. Upon request of the Administrative Agent after the occurrence and during the continuance of a Default, each Grantor shall execute and deliver to the Administrative Agent irrevocable lockbox agreements in the form provided by or otherwise acceptable to the Administrative Agent, which agreements shall be accompanied by an acknowledgment by the bank where the lockbox is located of the Lien of the Administrative Agent granted hereunder and of irrevocable instructions to wire all amounts collected therein to a special collateral account at the Administrative Agent.

Appears in 6 contracts

Samples: Credit Agreement (Tennant Co), Credit Agreement (Journal Media Group, Inc.), Credit Agreement (ResCare Finance, Inc.)

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Lockboxes. Upon request of the Administrative Agent after the occurrence and during the continuance of a an Event of Default, each Grantor shall execute and deliver to the Administrative Agent irrevocable lockbox agreements in the form provided by or otherwise acceptable to the Administrative Agent, which agreements shall be accompanied by an acknowledgment by the bank where the lockbox is located of the Lien of the Administrative Agent granted hereunder and of irrevocable instructions to wire all amounts collected therein to a special collateral account at the Administrative Agent.

Appears in 6 contracts

Samples: Pledge and Security Agreement (Tredegar Corp), Pledge and Security Agreement, Pledge and Security Agreement (Tredegar Corp)

Lockboxes. Upon request of the Administrative Agent after the occurrence and during the continuance of a an Event of Default, each Grantor shall execute and deliver to the Administrative Agent irrevocable lockbox agreements in the form provided by or otherwise acceptable to the Administrative Agent, which agreements shall be accompanied by an acknowledgment by the bank where the lockbox is located of the Lien of the Administrative Agent granted hereunder and of irrevocable instructions to wire all amounts collected therein to a special collateral account at the Administrative Agent.

Appears in 3 contracts

Samples: Security Agreement (Inventure Foods, Inc.), Pledge and Security Agreement (Chefs' Warehouse, Inc.), Pledge and Security Agreement (Kendle International Inc)

Lockboxes. Upon request of the Administrative Agent after the occurrence and during the continuance continuation of a Default, each Grantor shall execute and deliver to the Administrative Agent irrevocable lockbox agreements in the form provided by or otherwise acceptable to the Administrative Agent, which agreements shall be accompanied by an acknowledgment by the bank where the lockbox is located of the Lien of the Administrative Agent granted hereunder and of irrevocable instructions to wire all amounts collected therein to a special collateral account at the Administrative Agent.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Headwaters Inc), Pledge and Security Agreement (Headwaters Inc)

Lockboxes. Upon request of the Administrative Agent after the occurrence and during the continuance of a Default, each Grantor shall execute and deliver to the Administrative Agent irrevocable lockbox agreements in the form provided by or otherwise acceptable to the Administrative Agent, which and such Grantor shall use commercially reasonable efforts to cause such agreements shall to be accompanied by an acknowledgment by the bank where the lockbox is located of the Lien of the Administrative Agent granted hereunder and of irrevocable instructions to wire all amounts collected therein to a special collateral account at the Administrative Agent.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Cimpress N.V.), Pledge and Security Agreement (Vistaprint N.V.)

Lockboxes. Upon request of the Administrative Agent after the occurrence and during the continuance continuation of a Default, each Grantor shall execute and deliver to the Administrative Agent irrevocable lockbox agreements in the form provided by or otherwise acceptable to the Administrative Agent, which agreements shall be accompanied by an acknowledgment by the bank where the lockbox is located of the Lien of the Administrative Agent granted hereunder and of irrevocable instructions to wire all amounts collected therein to a special collateral account at the Administrative Agent.

Appears in 2 contracts

Samples: Guaranty and Collateral Agreement (Stonemor Partners Lp), Pledge and Security Agreement (American Medical Systems Holdings Inc)

Lockboxes. Upon request of the Administrative Agent after the occurrence and during the continuance of a an Event of Default, each Grantor shall execute and deliver to the Administrative Agent irrevocable lockbox agreements in the form provided by or otherwise reasonably acceptable to the Administrative Agent, which agreements agreements, if so required by the Administrative Agent, shall be accompanied by an acknowledgment by the bank where the lockbox is located of the Lien of the Administrative Agent granted hereunder and of irrevocable instructions to wire all amounts collected therein to a special collateral account at the Administrative Agent.

Appears in 1 contract

Samples: Pledge and Security Agreement (Weatherford International PLC)

Lockboxes. Upon request of the Administrative Agent after the occurrence and during the continuance of a Default or Unmatured Default, each Grantor shall execute and deliver to the Administrative Agent irrevocable lockbox agreements in the form provided by or otherwise acceptable to the Administrative Agent, which agreements shall be accompanied by an acknowledgment by the bank where the lockbox is located of the Lien of the Administrative Agent granted hereunder and of irrevocable instructions to wire all amounts collected therein to a special collateral account at the Administrative Agent.

Appears in 1 contract

Samples: Security Agreement (Abx Air Inc)

Lockboxes. Upon request of the Administrative Agent after the occurrence and during the continuance of a Default, each Grantor shall execute and deliver to the Administrative Agent irrevocable lockbox agreements in the form provided by or otherwise reasonably acceptable to the Administrative Agent, which agreements shall be accompanied by an acknowledgment by the bank where the lockbox is located of the Lien of the Administrative Agent granted hereunder and of irrevocable instructions to wire all amounts collected therein to a special collateral account at the Administrative Agent.

Appears in 1 contract

Samples: Pledge and Security Agreement (Innerworkings Inc)

Lockboxes. Upon request of the Administrative Agent after the occurrence and during the continuance of a DefaultPayment Event of Default or Acceleration Event, each Grantor shall execute and deliver to the Administrative Agent irrevocable lockbox agreements in the form provided by or otherwise acceptable to the Administrative Agent, which agreements shall be accompanied by an acknowledgment by the bank where the lockbox is located of the Lien of the Administrative Agent granted hereunder and of irrevocable instructions to wire all amounts collected therein to a special collateral account at the Administrative Agent.

Appears in 1 contract

Samples: Pledge and Security Agreement (JDS Uniphase Corp /Ca/)

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Lockboxes. Upon request of the Administrative Agent after following the occurrence and during the continuance of a DefaultPayment Event of Default or Acceleration Event, each Grantor shall execute and deliver to the Administrative Agent irrevocable lockbox agreements in the form provided by or otherwise acceptable to the Administrative Agent, which agreements shall be accompanied by an acknowledgment by the bank where the lockbox is located of the Lien of the Administrative Agent granted hereunder and of irrevocable instructions to wire all amounts collected therein to a special collateral account at with the Administrative Agent.

Appears in 1 contract

Samples: Pledge and Security Agreement (Advisory Board Co)

Lockboxes. Upon request of the Administrative Agent after the occurrence and during the continuance of a DefaultAgent, each Grantor shall execute and deliver to the Administrative Agent irrevocable lockbox agreements in the form provided by or otherwise reasonably acceptable to the Administrative Agent, which agreements shall be accompanied by an acknowledgment by the bank where the lockbox is located of the Lien of the Administrative Agent granted hereunder and of irrevocable instructions to wire all amounts collected therein to a special collateral account at the Administrative Agent.

Appears in 1 contract

Samples: Restated Security Agreement (WatchGuard, Inc.)

Lockboxes. Upon request of the Administrative Agent after the occurrence and during the continuance of a Default, each Grantor shall execute and deliver to the Administrative Agent irrevocable lockbox agreements in the form provided by or otherwise acceptable to the Administrative Agent, which agreements shall be accompanied by an acknowledgment by the bank where the lockbox is located of the Lien of the Administrative Agent granted hereunder and of irrevocable instructions to wire all amounts collected therein to a special collateral account at the Administrative Agent.

Appears in 1 contract

Samples: Pledge and Security Agreement (Layne Christensen Co)

Lockboxes. Upon request of the Administrative Agent after the occurrence and during the continuance of a an Event of Default, each Grantor shall execute and deliver to the Administrative Agent irrevocable lockbox agreements in the form provided by or otherwise reasonably acceptable to the Administrative Agent, which agreements shall be accompanied by an acknowledgment by the bank where the lockbox is located of the Lien of the Administrative Agent granted hereunder and of irrevocable instructions to wire all amounts collected therein to a special collateral account at the Administrative Agent.

Appears in 1 contract

Samples: Pledge and Security Agreement (Priceline Com Inc)

Lockboxes. Upon request of the Administrative Agent after the occurrence and during the continuance of a an Event of Default, each Grantor shall execute and deliver to the Administrative Agent irrevocable lockbox agreements in the form provided by or otherwise acceptable to the Administrative Agent, which agreements shall be accompanied by an acknowledgment by the bank where the lockbox is located of the Lien of the Administrative Agent granted hereunder and of irrevocable instructions to wire all amounts collected therein to a special collateral account at the Administrative Agent. 7.2.

Appears in 1 contract

Samples: Pledge and Security Agreement

Lockboxes. Upon request of the Administrative Agent after the occurrence and during the continuance of a Default, each Grantor shall execute and deliver to the Administrative Agent irrevocable lockbox agreements in the form provided by or otherwise acceptable to the Administrative Agent, which agreements shall be accompanied by an acknowledgment by the bank where the lockbox is located of the Lien of the Administrative Agent granted hereunder and of irrevocable instructions to wire all amounts collected therein to a special collateral account at the Administrative AgentAgent as provided in Section 7.3.

Appears in 1 contract

Samples: Pledge and Security Agreement (Myr Group Inc.)

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