The Lockbox Service. You may use the Lockbox Service to have incoming payments sent to your designated post office box for delivery to and processing by Bank for deposit to your Account designated for this purpose in the Lockbox Services section of the Enrollment Form (the “Lockbox Account”). Customer will designate a specific post office box in the Enrollment Form for receipt of payments (the “Lockbox”), and appoints Bank as its depository agent for processing all remittances received in the Lockbox for deposit to the Lockbox Account. The Post Office Box address is assigned to the Customer as the Post Office Box to be used by Customer’s customers or debtors in making the remittances to be processed to the Lockbox Account. Customer requests Bank to designate a courier (the “Courier”) to retrieve the contents of the Lockbox for delivery to Bank. Courier will pick up remittance payments from the United States Post Office on a daily basis (excluding Saturdays, Sundays, federal and bank holidays), all in accordance with Bank’s internally established mail schedules as may be in effect from time to time. Bank may refuse to accept any mail other than the remittance payments described herein, including, without limitation, boxes, packages and C.O.D. mail. You may use Synovus Gateway or the other Web Site designated by us for this purpose to view and print items and other information as provided in the Enrollment Form.
