Lockbox Agent definition

Lockbox Agent means the Person from time to time serving as Lockbox Agent under the Lockbox Agreement.
Lockbox Agent means NationsBank.

Examples of Lockbox Agent in a sentence

  • Payments shall not be deemed received by Lender until Lender actually receives such payments from Lockbox Agent.

  • Borrower hereby further authorizes, directs and empowers Agent (and Lockbox Agent or any other Person as may be designated by Agent in writing) to collect and receive all checks and drafts evidencing such payments and to endorse such checks or drafts in the name of Borrower and upon such endorsements, to collect and receive the money therefor.

  • Borrower hereby further authorizes, directs, and empowers Lender (and Lockbox Agent or any other Person as may be designated by Lender in writing) to collect and receive all checks and drafts evidencing such payments and to endorse such checks or drafts in the name of Borrower and, upon such endorsements, to collect and receive the money therefor.

  • Lender may, upon written notice to Borrower and Servicing Agent, request a written reconciliation from Borrower and Servicing Agent reconciling the difference between the payments actually received by Lockbox Agent during the subject month and the payments stated in the servicing report to have been made by the Purchasers under Notes Receivable assigned to Lender.

  • Lockbox Agent will have exclusive and unrestricted access to the Lockbox and will have complete and exclusive authority to receive, pick up and open all mail addressed to the Lockbox, whether registered, certified, insured or otherwise.


More Definitions of Lockbox Agent

Lockbox Agent means the entity designated as the Lockbox Agent in the Lockbox Agreement, or should such entity cease to act as Lockbox Agent under the Lockbox Agreement, such other entity as Lender may appoint.
Lockbox Agent. Texas Commerce Bank, or its successor as lockbox agent under the Lockbox Agreement.
Lockbox Agent business organization identified in the Schedule as the Lockbox Agent, or its successor as lockbox agent under the Lockbox Agreement.
Lockbox AgentBank One, Arizona, N.A.
Lockbox AgentBank One of Arizona, N.A., or its successor as lockbox agent under the Lockbox Agreement.
Lockbox Agent means collectively, Regulus Group II, LLC, as lockbox agent, and XX Xxxxxx Xxxxx Bank, N.A., as account agent, or such other Person as may be approved by Lender in writing from time to time; Lockbox Agent shall act as Lender’s exclusive agent for the collection of all payments made on the Pledged Timeshare Loans.
Lockbox Agent means The PrivateBank and Trust Company.