Lock-Box Accounts definition

Lock-Box Accounts has the meaning set forth in Section 6.12.

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Lock-Box Accounts means each of the accounts (and any related lock-box or post office box) specified in Schedule II maintained at a Lock-Box Bank in the name of the Borrower or prior to the Post-Closing Date, an Originator.

Lock-Box Accounts means the accounts and any related lock-boxes established at ▇▇▇▇▇ Fargo Bank, National Association, in the case of the U.S. Securitization Entities, and JPMorgan Chase Bank, N.A. and ▇▇▇▇▇▇▇▇▇▇ Group, in the case of the Canadian Securitization Entities, for purposes of collecting Franchisee Payments and amounts from Franchisees that constitute Excluded Amounts.

Examples of Lock-Box Accounts in a sentence

• Other than the transfer of the Receivables by the Originator to the Seller pursuant to the Purchase and Sale Agreement and the grant of security interest by the Seller to the Issuer in the Pool Receivables and Lock-Box Accounts (and the related lock-boxes) hereunder, neither the Seller nor the Originator has pledged, assigned, sold, conveyed, or otherwise granted a security interest in any of the Pool Receivables or Lock-Box Accounts (and the related lock-boxes) to any other Person.

• The Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Pool Receivables and the Lock-Box Accounts (and the related lock-boxes) in favor of the Issuer, which security interest is prior to all other Adverse Claims and is enforceable as such as against any creditors of and purchasers from the Seller.

• The Seller has or has caused, or will or will cause within ten days after the date hereof, the filing of all appropriate financing statements in the proper filing office in the appropriate jurisdictions under applicable law in order to perfect the sale of the Pool Receivables from the Originator to the Seller pursuant to the Purchase and Sale Agreement and the security interest granted by the Seller to the Issuer in the Receivables and Lock-Box Accounts (and the related lock-boxes) hereunder.

• The Seller owns and has good and marketable title to the Pool Receivables and Lock-Box Accounts (and the related lock-boxes), free and clear of any Adverse Claim.

More Definitions of Lock-Box Accounts

Lock-Box Accounts means each of the accounts (and any related lock-box or post office box) specified in Schedule 6.1(n) maintained at a Lock-Box Bank in the name of the Seller.

Lock-Box Accounts means the deposit accounts with NationsBank, or any subsequent lockbox bank, established and maintained pursuant to either Lock Box Agreement.

Lock-Box Accounts means the accounts listed on Exhibit C to the Servicing Agreement, each in the name of the Company, and under the exclusive ownership, dominion and control of the Trustee.

Lock-Box Accounts shall have the meaning given such term set forth in Subsection 3.6.

Lock-Box Accounts means the accounts maintained at Bank of America, N.A. in the name of CapitalSource Funding Inc. for the purpose of receiving Collections, including but not limited to Collections from the Obligor Lock–Boxes, the details of which are contained in Schedule I, as such schedule may be amended from time to time.

Lock-Box Accounts shall have the meaning set forth in Section 7.13(a) hereof.

Lock-Box Accounts. EXPERIAN and NEWCO shall work with EXPERIAN's banks to cause the lock boxes and related bank accounts of the RES Business to transfer to NEWCO as of the Effective Time. These accounts are National City Bank accounts No. ▇▇▇▇▇▇▇ and No. 4886531 (for lock box 931516) and ▇▇▇▇▇ Fargo Bank accounts No. 4159403435 (for lock boxes 71147 and 77747) and No. 4159777671. All cleared funds received into these lock boxes prior to the Effective Time will be the property of EXPERIAN; provided, however, that (i) if -------- ------- the cleared funds received into these accounts during the Interim Operating Period exceed the cash disbursements (including, without limitation, payroll disbursements) of the RES Business during the Interim Operating Period, EXPERIAN shall cause an aggregate amount equal to such difference to be deposited in such lock box accounts within (2) business days following the Effective Date and such amounts will become the property of NEWCO, or (ii) if the cleared funds received into these accounts during the Interim Operating Period are less than the cash disbursements (including, without limitation, payroll disbursements) of the RES Business during the Interim Operating Period, NEWCO shall within two (2) business days following the Effective Date reimburse EXPERIAN for such difference. All cleared funds received after the Effective Time will be the property of NEWCO. EXPERIAN and NEWCO will cause ▇▇▇▇▇ Fargo Bank to cease the automatic transfer to EXPERIAN's main bank account of the monies received in the ▇▇▇▇▇ Fargo Bank lock box account as of the Effective Time.