Common use of Lockboxes Clause in Contracts

Lockboxes. Upon request of the Agent at any time after the occurrence and during the continuance of a Default, the Debtor shall execute and deliver to the Agent irrevocable lockbox agreements in the form provided by or otherwise acceptable to the Agent.

Appears in 4 contracts

Samples: Security Agreement (Magnetek Inc), Security Agreement (Magnetek Inc), Security Agreement (Magnetek Inc)

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

Appears in 3 contracts

Samples: Credit Agreement (Viad Corp), Credit Agreement (Viad Corp), Credit Agreement (Matrix Service Co)

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

Appears in 2 contracts

Samples: Credit Agreement (P F Changs China Bistro Inc), Credit Agreement (P F Changs China Bistro Inc)

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

Appears in 1 contract

Samples: Pledge and Security Agreement (Transit Group Inc)

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

Appears in 1 contract

Samples: Security Agreement (Midas Inc)

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Lockboxes. Upon request of the Agent at any time after the occurrence and during the continuance of a Default or L/C Default, the Debtor Company shall execute and deliver to the Agent the Agent's standard form irrevocable lockbox agreements in the form provided by or otherwise acceptable to the Agentagreements.

Appears in 1 contract

Samples: Security Agreement (Jacor Communications Inc)

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

Appears in 1 contract

Samples: Pledge and Security Agreement (Chromcraft Revington Inc)

Lockboxes. Upon request of the Agent at any time after the occurrence and during the continuance of a Default, the Debtor Borrower shall execute and deliver to the Agent irrevocable lockbox agreements in the form provided by or otherwise acceptable to the Agent.

Appears in 1 contract

Samples: Security Agreement (Magnetek Inc)

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