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.

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.

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.

• 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.

• 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.

• No member of the Loan Parties 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.

• The Lender hereby irrevocably and unconditionally instructs the Lockbox Bank on each Business Day, to deposit on a daily basis (A) all checks received in the Lender Lockbox into the Lender Lockbox Account, and (B) apply and credit to the Lender Lockbox Account all transfers directed to such account.

• In addition, the Receivables, if any, of Enzo Therapeutics shall not be required to be deposited into a Borrower Lockbox, Borrower Lockbox Account, Lender Lockbox or Lender Lockbox Account.

• 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.

• 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.

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.

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.