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 Agent any 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.
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Examples of Lender Lockbox in a sentence

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

  • In the event a 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 to a Lender Lockbox Account.

  • The Borrower will not terminate the Provider Lockbox, the Provider Lockbox Account, the Lender Lockbox, or the Lender Lockbox Account, or make any change or replacement in the instructions contained in any Notice or otherwise, or regarding payments to be made to the Borrower, the Lender or the Master Servicer, except upon the prior and express direction of the Program Manager or the Lender.

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

  • None of the Borrowers nor the Borrower Representative shall have any rights of direction or withdrawal with respect to amounts held in the Lender Lockbox Accounts.

  • In the event a Loan Party receives a Misdirected Payment in the form of cash or wire transfer, such Loan Party shall immediately wire transfer the amount of such Misdirected Payment directly to a Lender Lockbox Account.

  • Transillumination is an efficient, straightforward, and cost-effective method to locate periocular metallic foreign bodies.

  • 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.

  • N.A., Wachovia Bank, N.A., Mellon Bank, N.A., The Chase Manhattan Bank or any other bank in respect of any of the foregoing or in compliance with any terms of this Agreement, (iv) all of the Additional Collateral, (v) each Lender Lockbox and Lender Lockbox Account and (vi) all proceeds of the foregoing (all of the foregoing, the "COLLATERAL").

  • The Borrower will not terminate the Provider Lockboxes, the Provider Lockbox Accounts, the Lender Lockbox, or the Lender Lockbox Account, or make any change or replacement in the instructions contained in any Notice or otherwise, or regarding payments to be made to the Borrower, the Lender or the Master Servicer, except upon the prior and express direction of the Program Manager or the Lender.


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.
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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
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

Related to Lender Lockbox

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

  • Cash Collateral Account Agreement With respect to any Mortgage Loan, the cash collateral account agreement, if any, between the originator of such Mortgage Loan and the related Mortgagor, pursuant to which the related Cash Collateral Account, if any, may have been established.

  • Lockbox Account Agreement means any replacement agreement therefor among the Servicer, the Trust Collateral Agent and the Lockbox Bank.

  • 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).

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).

  • Collateral Account Agreement means the Collateral Account Agreement executed and delivered by Company and Administrative Agent on the Closing Date, substantially in the form of EXHIBIT XXIII annexed hereto, as such Collateral Account Agreement may hereafter be amended, supplemented or otherwise modified from time to time.

  • 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 an agreement among the Borrower, the Agent and a Clearing Bank, in form and substance reasonably satisfactory to the Agent, concerning the collection of payments which represent the proceeds of Accounts or of any other Collateral.

  • Administrative Agent Account an account designated by the Administrative Agent from time to time.

  • 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”.

  • Lockbox Accounts means the accounts maintained by Borrower at the Lockbox Banks into which all collections or payments on their Accounts and other Collateral are paid.

  • Cash Collateral Accounts shall have the meaning given such term in Section 9(a).

  • 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.

  • L/C Cash Collateral Account means an interest bearing cash collateral 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 means a demand, time, savings, passbook or like account with a bank, savings and loan association, credit union or like organization, other than an account evidenced by a negotiable certificate of deposit.

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

  • Cash Collateral Account means a blocked account at a commercial bank specified by the Administrative Agent in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established in a manner reasonably 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).

  • Collateral Proceeds Account a non-interest bearing cash collateral account established and maintained by the relevant Grantor at an office of the Collateral Account Bank in the name, and in the sole dominion and control of, the Collateral Agent for the benefit of the Secured Parties.

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

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

  • Letter of Credit Cash Collateral Account means a blocked deposit account at Bank of America with respect to which Borrower hereby grants a security interest in such account to Administrative Agent for and on behalf of Lenders as security for Letter of Credit Usage and with respect to which Borrower agrees to execute and deliver from time to time such documentation as Administrative Agent may reasonably request to further assure and confirm such security interest.

  • Collection Bank means, at any time, any of the banks holding one or more Collection Accounts.