Lockbox Account definition

Lockbox Account shall have the meaning set forth in Section 2.7.1 hereof.
Lockbox Account means an account maintained on behalf of the Trust Collateral Agent by the Lockbox Bank pursuant to Section 4.2(d).
Lockbox Account means the account maintained with the Lockbox Bank and identified on Exhibit K hereto and any other account hereafter established to accept collections on the Contracts.

Examples of Lockbox Account in a sentence

  • Administrative Agent shall have received evidence in form and substance satisfactory to Administrative Agent showing the establishment of the Lockbox Account, Collection Account, Concentration Account, Distribution Account and Interest Reserve Account.

  • Upon the execution and delivery of the Custodial Agreement for the benefit of the Secured Parties, shall have a security interest in the Lockbox Account, Collection Account and Concentration Account which security interest will constitute a fully perfected first priority security interest (subject to Permitted Liens) under the Uniform Commercial Code.


More Definitions of Lockbox Account

Lockbox Account. An account maintained by Xxxxx Fargo Bank, National Association or another third party custodian or trustee selected by Purchaser for the purpose of receiving Servicing Spread Collections.
Lockbox Account means a depositary account established pursuant to one of the Lockbox Agreements.
Lockbox Account means an account or accounts maintained at the Lockbox Bank into which collections of Accounts are paid, which account or accounts shall be, if requested by Agent, opened in the name of Agent (or a nominee of Agent).
Lockbox Account means an account or accounts maintained at the Lockbox Bank into which collections of Accounts are paid.
Lockbox Account means an account established and maintained by Exeter at the Lockbox Bank pursuant to Section 4.2(d).
Lockbox Account means a depository account established pursuant to one of the Lockbox Agreements.
Lockbox Account has the meaning specified in Section 3.01(b).