Lockbox Banks definition

Lockbox Banks means, collectively and each individually, the federally insured banks acceptable to Lender where Borrower who have granted security interests in a Lockbox Account shall maintain the Lockbox Accounts.

Lockbox Banks means, collectively, First Union National Bank and Key Bank National Association, together with any other depository institution which, upon the prior approval of the Agent, maintains a Lockbox and Lockbox Account pursuant to a Lockbox Account Agreement.

Lockbox Banks is defined in Section 2.12.

Examples of Lockbox Banks in a sentence

• The Lockbox Agreement shall provide that Lockbox Banks will comply with the instructions originated by the Trustee relating to the disposition of funds on deposit in the Lockbox Account.

• The account numbers of all Lockbox Accounts, together with the names, addresses, ABA numbers and names of contact persons of all the Lockbox Banks maintaining such Lockbox Accounts and the related Post Office Boxes, are specified in the exhibits to the respective Purchase Agreements.

• The Issuer has established or has caused to be established and shall maintain or cause to be maintained a system of operations, accounts and instructions with respect to the Obligors and Lockbox Accounts at the Lockbox Banks as described in Sections 3.1(j), 4.l(g), 4.l(r) and 4.2(d).

• Borrower shall maintain one or more Lockbox Accounts with the Lockbox Banks, and shall execute with each of the Lockbox Banks a Lockbox Agreement, and such other agreements related thereto as Lender may require.

• The Lockbox Agreements shall provide that the Lockbox Banks immediately will transfer all funds paid into the Lockbox Accounts into the Concentration Account.

More Definitions of Lockbox Banks

Lockbox Banks means such banks as may be agreed to by Borrower and Foothill from time to time.

Lockbox Banks shall have the meaning provided in the Collateral Management Agreement.

Lockbox Banks means the banks or investment firms listed opposite each Lockbox Account on Exhibit B hereto.

Lockbox Banks has the meaning set forth in Section 4.11.

Lockbox Banks means Union Bank of California, N.A.

Lockbox Banks means each of Bank of America, N.A. and UMB Bank as lockbox bank under the applicable Depositary Agreement

Lockbox Banks has the meaning set forth in Section 3.11.