Lender Lockbox Account definition

Lender Lockbox Account means the account at the Lockbox Bank as set forth on Schedule IV as associated with the Lender Lockbox and established by the Borrower to deposit Collections, including Collections received in the Lender Lockbox and Collections received by wire transfer directly from Insurers, all as more fully set forth in the Depositary Agreement.
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Lender Lockbox Account means the accounts at the Lockbox Bank as set forth on Schedule IV as associated with the Lender Lockbox and established by the Borrowers to deposit Collections, including Collections received in the Lender Lockbox and Collections received by wire transfer directly from Insurers, all as more fully set forth in the Depositary Agreement.
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Examples of Lender Lockbox Account in a sentence

  • 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.

  • The ASA outlines service development areas within the budget envelope provided by the Council and outlines elements of the work plan being undertaken by the Trust on our behalf in the next financial year as well as specifying roles and responsibilities and areas of risk.

  • 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.

  • 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").

  • 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 will not terminate any Lender Lockbox or Lender Lockbox Account, or make any change or replacement in the instructions contained in any invoice, Notice to Obligor or otherwise, or regarding payments with respect to the Receivables 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.

  • He was concerned that criteria would be omitted or not well defined.

  • 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").

Related to Lender Lockbox Account

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

  • Lock-Box Account With respect to any Mortgaged Property, if applicable, any account created pursuant to any documents relating to a Mortgage Loan or Serviced Loan Combination to receive rental or other income generated by the Mortgaged Property. Any Lock-Box Account shall be beneficially owned for federal income tax purposes by the Person who is entitled to receive the reinvestment income or gain thereon in accordance with the terms and provisions of the related Mortgage Loan or Serviced Loan Combination and Section 3.07 of this Agreement, which Person shall be taxed on all reinvestment income or gain thereon.

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

  • 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.

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

  • 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.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Collection Accounts As defined in Section 3.10(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.

  • Project Account means the account referred to in Section 3.04 (a) of this Agreement;

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

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

  • Project Accounts means the accounts referred to in Section 3.03 (a) of this Agreement;

  • Collection Account Agreement means an agreement substantially in the form of Exhibit VI among Originator, Seller, the Agent and a Collection Bank.