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.
Sample 1

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.

  • 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.

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

  • 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.

  • 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.

  • Once any notice is given to an Account Debtor to direct payment to Lender or the Lender Lockbox, no Borrower shall give any contrary instructions to such Account Debtor without Lender’s prior written consent.

  • 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.

  • 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.

  • Borrowers agree to direct all Account Debtors to send payments on all Accounts and other proceeds of Collateral directly to the Lender Lockbox, and to include on all of each Borrower’s invoices the address of the Lender Lockbox as the sole address for remittance of payment.


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.

  • 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 with respect to an account established by a Loan Party, an agreement, substantially in the form of Exhibit L hereto or otherwise in form and substance reasonably satisfactory to the Collateral Agent, establishing Control (as defined in the Security Agreement) of such account by the Collateral Agent and whereby the bank maintaining such account agrees, during any Cash Dominion Trigger Period, to comply only with the instructions originated by the Collateral Agent without the further consent of any Loan Party.

  • 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 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 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.