Government Lockbox definition

Government Lockbox means a lockbox and/or deposit account in the name of Borrower(s) maintained at the Lockbox Bank, or such other bank as is acceptable to Lender, to which Collections on all Government Accounts are sent.
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Government Lockbox means each post office box or similar lockbox set forth on Schedule 4.8(i) hereto, established to receive checks and EOBs with respect to Receivables payable by Governmental Bodies.
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Government Lockbox means (a) each of the lockboxes identified on Schedule 7.1.(cc) hereto as a Government Lockbox, established to receive checks and EOB’s with respect to Accounts payable by Governmental Authorities to the Providers listed on Schedule 7.1.(cc) and (b) each other lockbox established as a Government Lockbox pursuant to Section 8.13.(b).
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Examples of Government Lockbox in a sentence

  • Notwithstanding anything to the contrary set forth in this Agreement, Agent waives any right of set off of funds on deposit in any Government Lockbox Account or any Government Lockbox against the Obligations under this Agreement except to the extent otherwise permitted under Applicable Law.

  • Each Borrower will not, and will not permit any of its Subsidiaries to, (i) forward any collections from any Government Account Debtor in the applicable Government Lockbox Accounts or the Government Lockboxes except as required under Section 4.8(i), or (ii) direct any Government Account Debtor to make a payment in respect of any Account in any place or account other than the applicable Government Lockbox Account or applicable Government Lockbox.

  • Except with respect to the Government Lockbox Accounts and the Government Lockbox, at any time after the occurrence and during the continuance of an Event of Default, Agent shall have the sole right to collect the Receivables, take possession of the Collateral, or both.

  • Payments made by check must be payable to the order of “Treasurer, United States of America” and delivered to the following address: Address format for standard delivery (no delivery confirmation requested): U.S. Environmental Protection Agency P.O. Box 979078 St. Louis, Missouri 63197-9000 Address format for signed receipt confirmation (FedEx, DHL, UPS, USPS certified, registered, etc): U.S. Environmental Protection Agency Government Lockbox 979078 ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇-▇▇-▇▇-▇▇ ▇▇.

  • In the event that any Borrower receives any Collections that should have been sent to the Commercial Lockbox or the Government Lockbox, such Borrower will, promptly upon receipt and in any event within one Business Day of receipt, forward such Collections directly to the Commercial Lockbox or Government Lockbox, as applicable, in the form received, and if requested by Lender, promptly notify Lender of such event.

  • In the event that a Borrower receives any Collections that should have been sent to the Commercial Lockbox or the Government Lockbox, such Borrower will, promptly upon receipt and in any event within one Business Day of receipt, forward such Collections directly to the Commercial Lockbox or Government Lockbox, as applicable, in the form received, and if requested by Lender, promptly notify Lender of such event.

  • Each Borrower shall execute with Agent and the Lockbox Bank a Government Depositary Agreement with respect to each Government Lockbox Account and Government Lockbox.

  • The Grantor hereby provides the following revocable instruction with respect to the Government Lockbox Account (the “Standing Revocable Instruction”): the Government Lockbox Account Bank shall transfer from the Government Lockbox Account daily, via a zero balance service as described in the terms and conditions of the services, attached as Exhibit A, all available funds held in the Government Lockbox Account to account no.

  • Except with respect to the Excluded Accounts, Government Lockbox Accounts and the Government Lockbox, each applicable Borrower, Agent and each Blocked Account Bank shall enter into a deposit account control agreement in form and substance satisfactory to Agent that is sufficient to give Agent “control” (for purposes of Articles 8 and 9 of the Uniform Commercial Code) over such account.

  • In the event that the Grantor does not pay such customary fees, charges and expenses due to the Government Lockbox Account Bank within ten (10) days after the due date, the Government Lockbox Account Bank is authorized to charge the Government Lockbox Account for such fees.