Lender Lockbox definition

Lender Lockbox means the lockboxes located at the address set forth on Schedule IV to receive checks with respect to Receivables payable by Insurers.
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Lender Lockbox means the lockbox located at the address set forth on Schedule IV to receive checks and EOB's with respect to Receivables payable by Insurers.
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Lender Lockbox means each lockbox whether held in the name of the Lender or any Borrower, located at the address set forth on Schedule III, to receive checks and EOBs with respect to Receivables payable by Insurers and other non-Governmental Entities.
Sample 1

Examples of Lender Lockbox in a sentence

  • Borrower Lockbox Account & Borrower Lockbox (Government) Borrower Lockbox Account MUFG Union Bank Account No. 0041768847 Borrower Lockbox XX Xxx 00000 Xxx Xxxxxxx, Xxxxxxxxxx 00000‐5760 Lender Lockbox Account and Lender Lockbox (Non‐Government) Lender Lockbox Account MUFG Union Bank Account No. 5441001590 Lender Lockbox XX Xxx 000000 Xxx Xxxxxxx, Xxxxxxxxxx 00000‐0869 Sch.

  • The Lender Lockbox is the only post office box and the Lender Lockbox Account is the only lockbox account maintained for Receivables the Obligors with respect to which are not Governmental Entities.

  • No Borrower shall have any rights of direction or withdrawal with respect to amounts held in the Lender Lockbox Accounts.

  • In the event that the Borrower receives a Misdirected Payment in the form of cash or wire transfer, the Borrower shall immediately wire transfer the amount of such Misdirected Payment directly into the appropriate Lender Lockbox Account.

  • In the event that any Borrower receives a Misdirected Payment in the form of cash or wire transfer such Borrower shall immediately wire transfer the amount of such Misdirected Payment directly into the appropriate Lender Lockbox Account.

  • The Borrower shall have no rights of direction or withdrawal with respect to amounts held in the Lender Lockbox Accounts.

  • The Lender Lockbox is the only post office box and the Lender Lockbox Account is the only lockbox account maintained for Receivables, the Obligors with respect to which are not Governmental Entities.


More Definitions of Lender Lockbox

Lender Lockbox means the lockboxes located at the address set forth on Schedule III to receive checks with respect to Receivables payable by Insurers.
Sample 1Sample 2
Lender Lockbox means the lockbox located at the address set forth on Schedule III to receive checks and EOB’s with respect to Receivables payable by Insurers and other non-Governmental Entities.
Sample 1
Lender Lockbox means a lockbox arranged for by Lender with the Lockbox Bank to which each Borrower shall direct each of its customers to make payment of all Accounts and other Collateral owing to such Borrower, and from which the Lockbox Bank, pursuant to the Lender Lockbox Agreement, shall process all checks, items of payment and other remittances received in the Lender Lockbox and deposit them into the Lender Payment Account.
Sample 1

Related to Lender Lockbox

  • Lockbox Bank means a depository institution named by the Servicer and acceptable to the Controlling Party.

  • Blocked Accounts shall have the meaning set forth in Section 6.3 hereof.

  • Blocked Account has the meaning provided in Section 6.13(a)(ii).

  • Lockbox has the meaning set forth in Section 2.11.

  • Lockbox Account shall have the meaning set forth in Section 2.7.1 hereof.

  • Blocked Account Agreement means with respect to a deposit account established by a Loan Party, an agreement, in form and substance reasonably satisfactory to the Collateral Agent, establishing control (as defined in the UCC) of such account by the Collateral Agent and whereby the bank maintaining such account agrees, upon the occurrence and during the continuance of a Dominion Trigger Event, to comply only with the instructions originated by the Collateral Agent without the further consent of any Loan Party.

  • Deposit Account Agreement means the Deposit Account Agreement and Disclosure, as may be amended from time to time, issued by the Custodian and available on the Custodian’s internet customer portal, “xx.xxxxxxxxxxx.xxx”.

  • L/C Cash Deposit Account means an interest bearing cash deposit account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Deposit Account is any “deposit account” as defined in the Code with such additions to such term as may hereafter be made.

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Cash Collateral Account means a blocked, non-interest bearing deposit account of one or more of the Loan Parties at Bank of America in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established in a manner satisfactory to the Administrative Agent.

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Borrower Account has the meaning specified in Section 2.11(a)(ii).

  • Disbursement Account means an account established and owned by Company and held at the Disbursement Institution against which wire transfers and ACH transfers are settled for payment of Loan Proceeds to Borrowers.

  • Lock-Box Bank means any of the banks or other financial institutions holding one or more Lock-Box Accounts.