Lock Box Agreements definition

Lock Box Agreements shall have the meaning set forth in Section 7.1(a).

Lock Box Agreements means all such Lock Box Agreements, collectively.

Lock Box Agreements as defined in Section 6.1(a).

Examples of Lock Box Agreements in a sentence

• The Grantors may close DDAs or Controlled Accounts and/or open new DDAs or Controlled Accounts, subject to the execution and delivery to the ABL Agent and the Collateral Agent of appropriate Account Control Agreements or Lock Box Agreements, as applicable, consistent with the provisions of this Section 5(f) and otherwise reasonably satisfactory to the ABL Agent and the Collateral Agent.

• The Lock Box Agreements with respect to each of the Lock-Box Accounts in the United States, duly executed by all of the parties thereto.

• The Lock Box Agreement shall require all deposits to be swept daily to a Collateral Deposit Account and shall require Collateral Agent's consent to any modification to such Lock Box Agreements.

• At any time that an Event of Default occurs or in the event that Availability falls below the greater of (i) $5,000,000 and (ii) 7.5% of the Borrowing Base, at the Administrative Agent's election, the Working Capital Borrowers shall establish and shall thereafter maintain Lock Boxes subject to Lock Box Agreements for the direct deposit of payments in respect of Accounts.

• The Collateral Deposit Accounts and such Lock Box Agreements shall be established in a manner and on terms satisfactory to the Collateral Agent.

More Definitions of Lock Box Agreements

Lock Box Agreements means the agreements, in form and substance reasonably satisfactory to the Agent, among the Lock Box Banks, the Borrower and the Agent delivered to the Agent pursuant to Section 7.13 hereof as such agreements may be modified and supplemented and in effect from time to time.

Lock Box Agreements or a ""Lock-Box Agreement”) with the Bank or, subject to Lender’s prior approval, another financial institution as is acceptable to Lender (a ""Lock-Box Bank”) which shall be used for the sole and exclusive purpose of concentrating the collection of all remittances on Receivables and proceeds of other Collateral. All amounts on deposit in the Lock-Box Account, once established, shall be transferred on a daily basis to the Concentration Account by wire transfer of immediately available funds in a manner satisfactory to Lender. Unless otherwise agreed to by Lender, each Lock-Box Bank shall acknowledge and agree, pursuant to its respective Lock-Box Agreement, that all payments and deposits made to its Lock-Box Account are Collateral for the Obligations under this Agreement; that such Lock-Box Bank has no right to set off against its Lock-Box Account, except as expressly provided in its respective Lock-Box Agreement; and that such Lock-Box Bank will wire transfer immediately available funds, in a manner satisfactory to Lender, funds deposited into its Lock-Box Account to the Concentration Account on a daily basis as soon as such funds are collected. Each Borrower agrees that all payments, whether by cash, check, wire transfer or any other instrument on deposit in each Lock-Box Account, Blocked Account and the Concentration Account shall be -38-

Lock Box Agreements means each of the Lock Box Agreements on commercially reasonable terms and conditions, by and among the Lender, the Borrower and the applicable financial institution that recognizes the Lender's security interest in the contents of the checking, demand or other depository account which is the subject of such agreement and provides that such contents shall be transferred only to the applicable Lock Box Account or as otherwise instructed by Lender.

Lock Box Agreements has the meaning set forth in Section 8.1(a). “Obligations” means, with respect to any Grantor, the collective reference to its Primary Obligations and its Guarantor Obligations. “Patents” means

Lock Box Agreements shall have the meaning set forth in Section 10.11.

Lock Box Agreements means those certain Lockbox Operating Procedural Agreements and Depository Account Agreements, each of which is among Borrower, Foothill, and the Lock Box Bank.

Lock Box Agreements shall have the meaning set forth in Section 4.5(a).