Common use of Payments to Lock-Box Account Clause in Contracts

Payments to Lock-Box Account. On or before the Closing Date with respect to the Existing Contracts and on or before the relevant Addition Date, with respect to Additional Contracts, the Servicer shall have instructed all Obligors to make all payments in respect of the Contracts in the Asset Pool to a Lock-Box or directly to a Lock-Box Account.

Appears in 4 contracts

Samples: Receivables Purchase Agreement (Fidelity Leasing Inc), Receivables Purchase Agreement (Fidelity Leasing Inc), Receivables Purchase Agreement (Fidelity Leasing Inc)

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Payments to Lock-Box Account. On or before the Closing Date with ---------------------------- respect to the Existing Contracts and on or before the relevant Addition Date, with respect to Additional Contracts, the Servicer shall have instructed all Obligors to make all payments in respect of the Contracts in the Asset Pool to a Lock-Box or directly to a Lock-Box Account.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Bankvest Capital Corp)

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