Common use of Payment Instructions to Obligors Clause in Contracts

Payment Instructions to Obligors. Each Seller shall instruct all Obligors to submit all payments either (i) to one of the lockboxes maintained at the Lockbox Banks for deposit in a Lockbox Account or (ii) directly to one of the Lockbox Accounts.

Appears in 3 contracts

Samples: Purchase Agreement (Alliance Laundry Systems LLC), Purchase Agreement (Alliance Laundry Systems LLC), Purchase Agreement (Alliance Laundry Corp)

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Payment Instructions to Obligors. Each Such Seller shall will instruct all Obligors to submit all payments either (i) to one of the lockboxes maintained at the Lockbox Banks for deposit in a Lockbox Account or (ii) directly to one of the Lockbox Accounts.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (International Comfort Products Corp), Receivables Purchase Agreement (International Comfort Products Corp)

Payment Instructions to Obligors. Each Such Seller shall will instruct all Obligors to submit all payments either (i) to one of the lockboxes maintained at the Lockbox Banks Lockboxes for deposit in a Lockbox Account or (ii) directly to one of the Lockbox Accounts.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Chemtura CORP)

Payment Instructions to Obligors. Each Seller shall will instruct all Obligors to submit all payments either (i) to one of the lockboxes Permitted Lockboxes maintained at the Permitted Lockbox Banks for deposit in a Lockbox Account or (ii) directly to one of the Lockbox Accounts.

Appears in 1 contract

Samples: Sale Agreement (Exide Corp)

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Payment Instructions to Obligors. Each Seller shall instruct will direct all Obligors (or their paying agent) to submit all payments on account of Transferred Receivables either (i) to one of the lockboxes Permitted Lockboxes maintained at the Permitted Lockbox Banks for deposit in a Lockbox Account or (ii) directly to one of the Lockbox Accounts.

Appears in 1 contract

Samples: Receivables Sale and Contribution Agreement (Volt Information Sciences Inc)

Payment Instructions to Obligors. Each Seller shall will instruct all -------------------------------- Obligors to submit all payments either (i) to one of the lockboxes Permitted Lockboxes maintained at the Permitted Lockbox Banks for deposit in a Lockbox Account or (ii) directly to one of the Lockbox Accounts.

Appears in 1 contract

Samples: Sale Agreement (Exide Corp)

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