Lockbox Address shall have the meaning set forth in Section 3.1.1(a) hereof.
Lockbox Address means each United States Post Office address assigned to you by us or which we accept from you.
Lockbox Address associated with a deposit account subject to a Blocked Account Agreement (each, a “Payment Account”), which remittances shall be collected by the depository institution at which such “P.O. Box” or “Lockbox Address” is maintained and deposited in such Payment Account, and (ii) except with respect to Excluded Accounts, cause each deposit account held by such Loan Party (including, without limitation, each Payment Account) to become subject to a Blocked Account Agreement pursuant to which (without limiting the terms thereof) the Collateral Agent may, during a Cash Dominion Period, exercise full dominion over such account and sweep all funds on deposit therein to an account designated by the Collateral Agent (the “Collection Account”), with such sweep instructions to be irrevocable unless otherwise agreed to by the Collateral Agent. Without limiting the foregoing, all amounts received by a Borrower or any of its Subsidiaries in respect of any deposit account (or by the depository institution at which such account is held), in addition to all other cash received from any other source, shall upon receipt be deposited into a Blocked Account. Each Loan Party agrees that it will not cause or permit proceeds of any deposit accounts to be directed to any account other than the Collection Account; provided that, so long as a Cash Dominion Period is not in effect, the Loan Parties may redirect proceeds of deposit accounts from the Collection Account to another Blocked Account by providing the Administrative Agent and the applicable depository bank with five (5) Business Days’ prior written notice.
Examples of Lockbox Address in a sentence
Bank will open the envelopes picked up from the Lockbox Address and remove the contents.
Bank will handle Checks received at the Lockbox Address according to the applicable deposit account agreement, as if the Checks were delivered by Company to Bank for deposit to the Account, except as modified by these Terms and Conditions.
For the Lockbox Address, Checks and other documents contained in the envelopes will be inspected and handled in the manner specified in the Company’s set-up documents.
Bank will have unrestricted and exclusive access to the mail directed to the Lockbox Address.
With this Service, Company instructs its customers to mail checks it wants to have processed under the Service to the Lockbox Address.
More Definitions of Lockbox Address
Lockbox Address is maintained and deposited in such Payment Account, and (ii) except with respect to Excluded Accounts, cause each deposit account held by such Loan Party (including, without limitation, each Payment Account) to become subject to a Blocked Account Agreement pursuant to which (without limiting the terms thereof) the Collateral Agent may, during a Cash Dominion Period, exercise full dominion over such account and sweep all funds on deposit therein to an account designated by the Collateral Agent (the “Collection Account”), with such sweep instructions to be irrevocable unless otherwise agreed to by the Collateral Agent. Without limiting the foregoing, all amounts received by a Borrower or any of its Subsidiaries in respect of any deposit account (or by the depository institution at which such account is held), in addition to all other cash received from any other source, shall upon receipt be deposited into a Blocked Account. Each Loan Party agrees that it will not cause or permit proceeds of any deposit accounts to be directed to any account other than the Collection Account; provided that, so long as a Cash Dominion Period is not in effect, the Loan Parties may redirect proceeds of deposit accounts from the Collection Account to another Blocked Account by providing the Administrative Agent and the applicable depository bank with five (5) Business Days’ prior written notice.
Lockbox Address means 212 Church Associates, L.P., X.X. Xxx 00000, Xxxxxx, Xxx Xxxxxx 00000.
Lockbox Address means that certain Post Office Box maintained and controlled by Escrow Agent where Pledged Loan Payments are delivered.
Lockbox Address means the following addresses as identified for remittances for each Seller: (1) Ricebran XX Xxx 00000 Xxxxxxx, XX 00000-0000; (2) Golden Ridge Rice Xxxxx XX Xxx 000000 Xxxxxx, XX 00000-0000; and (3) MGI Grain, Inc. XX Xxx 000000 Xxxxxx, XX 00000-0000, which shall be for the benefit of the respective Seller, and include the remittance advice facsimile notification to 504.262.8690.
Lockbox Address the following address: X.X. Xxx 000000 Xxxxxxx, Xxxxx 00000-0000 “Misdirected Payment Fee” — fifteen percent (15%) of the amount of any payment on account of a Factored Receivable where said payment has been received by Company and not immediately delivered in kind by Company to GCBC within three (3) Business Days as required hereunder.
Lockbox Address means the address provided by Lender or Servicer to --------------- which all Tenant Payments are to be delivered. The initial Lockbox Address shall be the post office box specified on Schedule 1 hereto. ----------
Lockbox Address has the meaning set forth in Section 7.19(b).