Lock Box Payments definition

Lock Box Payments shall have the meaning given to it in Section 2.1(e) hereof.
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Examples of Lock Box Payments in a sentence

  • The amount remaining following the payment of the Lock Box Payments on each Payment Date shall be referred to herein as the “Net Amount”.

  • The amount remaining in the Lock Box Account following the payment of the Lock Box Payments on each Payment Date (less any amount in the Lock Box Account withheld and applied by Lender to the Reserve Amount) shall be referred to herein as the “Net Amount”.

  • The amount remaining in the Lock Box Account following the payment of the Lock Box Payments on each Payment Date (less any amount in the Lock Box Account withheld and applied by Lender to the Reserve Amount) shall be referred to herein as the "Net Amount".

  • Payment of the relevant purchase price set forth in Annex IV ("Pricing to ALTUS") will be sent pursuant to Annex II ("Lock Box Payments").

  • All payments for demo units are net thirty (30) days from delivery to ALTUS, FOB CONTINUUM's facility in Santa Clara, Ca. Payments will be sent by ALTUS per Annex II ("Lock Box Payments").

Related to Lock Box Payments

  • 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.

  • Lock-Box means each locked postal box with respect to which a bank who has executed a Collection Account Agreement has been granted exclusive access for the purpose of retrieving and processing payments made on the Receivables and which is listed on Exhibit IV.

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

  • 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.

  • Lock Boxes has the meaning ascribed to it in Annex C.