Acceptable Payee means Company’s name and any other payee name provided to Bank by Company as an acceptable payee for Checks to be processed under the Lockbox Service). Bank will process a check only if it is made payable to an Acceptable Payee and if the check is otherwise processable. Company warrants that each Acceptable Payee is either (i) a variation of Company’s name or (ii) is an affiliate of Company which has authorized Checks payable to it to be credited to the Account. Bank may treat as an Acceptable Payee any variation of any Acceptable Payee’s name that Bank deems to be reasonable.
Acceptable Payee means Company and each Other Payee.
Acceptable Payee means Company’s name and any other payee name provided to Bank by Company as an acceptable payee for Checks to be processed under the Lockbox Service). Bank will process a check only if it is made payable to an Acceptable Payee and if the check is otherwise processable. Company warrants that each Acceptable Payee is either (i) a variation of Company’s name or (ii) is an affiliate of Company which has authorized Checks payable to it to be credited to the Account. Bank may treat as an Acceptable Payee any variation of any Acceptable Payee’s name that Bank deems to be reasonable. Company may request Bank orally or in writing to make changes to the processing instructions (including changes to Acceptable Payees) for any Lockbox Address by contacting its Bank representative, so long as such changes do not conflict with the terms of the Deposit Account Control Agreement. Bank will not be obligated to implement any requested changes until Bank has actually received the requests and had a reasonable opportunity to act upon them. In making changes, Bank is entitled to rely on instructions purporting to be from Company. To: Bank of America, N.A. South Coast Financial Center BC 2nd Floor CA6-137-02-02 000 Xxxxx Xxxxxxxxx Xxxxx Xxxx, Xxxxxxxxxx 00000-0000 Attention: Xxxxx Xxxxx Bank of America 14th Floor, CA5-704-14-01 000 Xxxxxxxxxx Xxxxxx San Francisco, California 94104-1866 Attention: Xxxxxx Xxxx Re: Xxxx Microproducts Funding Corporation Account No. [ ] Ladies and Gentlemen: Reference is made to the Deposit Account Control Agreement, dated December 28, 2005 (the “Agreement”), among Xxxx Microproducts Funding Corporation, us and you regarding the above-described account (the “Account”). In accordance with Section 2 of the Agreement, we hereby give you notice of our exercise of control of the Account and we hereby instruct you to transfer funds to our account as follows: Bank Name: ABA No.: Account Name: Account No.: Very truly yours, WACHOVIA BANK, NATIONAL ASSOCIATION, as Agent By: Name: THIS ASSIGNMENT AGREEMENT (this “Assignment Agreement”) is entered into as of the day of , , by and between (“Assignor”) and (“Assignee”).
Examples of Acceptable Payee in a sentence
Customer warrants that each Acceptable Payee is Customer, its Agent or one of its affiliates.
Customer shall be responsible for updating Acceptable Payees and notifying Bank of any discrepancies, and Bank shall have no liability for validating any Acceptable Payee.
Bank may treat as an Acceptable Payee any variation of any Acceptable Payee’s name that Bank deems to be reasonable.
The names of Acceptable Payees will be specified to Bank by Customer; provided, however, Bank will not validate an Acceptable Payee through the Lockbox Service.
Bank may require written authorization from any Acceptable Payee or written evidence that an Acceptable Payee has authorized Customer to act on its behalf.
More Definitions of Acceptable Payee
Acceptable Payee means, with respect to the Lockbox Service, the names specified to Bank by Customer as the payee names that Bank may accept in connection with items received for deposit.
Acceptable Payee means Client's name and any other payee name provided to Bank by Client as an acceptable payee for Checks to be processed under the Lockbox.
Acceptable Payee means your name and any other payee name provided to the Bank by you as an acceptable payee for Checks to be processed under the Lockbox; • You have completed all Supporting Documents applicable to the Lockbox Service and such other information and documents in a time and manner as the Bank requests to enable the Bank to commence and operate the Lockbox for you and to enable the Bank to comply with the Bank’s other obligations under this Service Description; • The Bank has completed all steps necessary to enable its Processor (as applicable) to service the Lockbox pursuant to this Service Description.
Acceptable Payee means Company’s name and any other payee name provided to Bank by Company as an acceptable payee for Checks to be processed under the Lockbox Service). Bank will process a check only if it is made payable to an Acceptable Payee and if the check is otherwise processable. Company warrants that each Acceptable Payee is either (i) a variation of Company’s name or (ii) is an affiliate of Company which has authorized Checks payable to it to be credited to the Account. Bank may treat as an Acceptable Payee any variation of any Acceptable Payee’s name that Bank deems to be reasonable. CHANGES TO PROCESSING INSTRUCTIONS Company may request Bank orally or in writing to make changes to the processing instructions (including changes to Acceptable Payees) for any Lockbox Address by contacting its Bank representative, so long as such changes do not conflict with the terms of the Deposit Account Control Agreement. Bank will not be obligated to implement any requested changes until Bank has actually received the requests and had a reasonable opportunity to act upon them. In making changes, Bank is entitled to rely on instructions purporting to be from Company. [Letterhead of Collection Agent] To: Bank of America N. A. 000 X XX Xxxxxx Xx. IL1-231-14-30 Chicago, IL 60604 Attention: Xxxxxx X. Xxxxxx Fax: 000-000-0000 Telephone: 000-000-0000 Xxxx xx Xxxxxxx X. A. 000 Xxxxx Xx X. 000-000-00-00 Toronto, ON M5V 3L2 Attention: Xxxxx Xxxx Fax: 000-000-0000 Telephone: 000-000-0000 Re: Celestica · Account No. · Account No. · Ladies and Gentlemen: Reference is made to the Deposit Account Control Agreement dated November ·, 2005 (the “Agreement”) among Celestica Corporation, us and you regarding the above-described accounts (the “Accounts”). In accordance with Section 2 of the Agreement, we hereby give you notice of the occurrence of a Termination Event and of our exercise of control of the Accounts: DEUTSCHE BANK TRUST COMPANY AMERICAS as Collection Agent By: Name: Title: (corresponding to Collection Account # ·) (corresponding to Collection Account # ·) Celestica November 23, 2005 Deutsche Bank Trust Company Americas 00 Xxxx Xxxxxx Xxx Xxxx, Xxx Xxxx 00000
Acceptable Payee means a payee on an Item to be processed by us for deposit to your Account and which payee is listed as an Acceptable Payee on your Lockbox Service Request.
Acceptable Payee means Company's name and any other payee name provided to Bank by Company as an acceptable payee for checks to be processed under the Lockbox Service). Bank will process a check only if it is made payable to an Acceptable Payee and if the check is otherwise processable. Company warrants that each Acceptable Payee has authorized checks payable to it be credited to the Account Company designates for the Lockbox Service. Bank may treat as an acceptable Payee any variation of any Acceptable Payee's name that Bank deems to be reasonable.