Examples of Lockbox Date in a sentence
In addition, if the Lockbox Date has not yet occurred as of the dates specified in this sentence, Dispatch will use its Commercially Reasonable Efforts to update and furnish to Citadel the Dispatch Illustrative Example as follows: as at December 31, 2018 (such update to be furnished to Citadel by January 20, 2019) and as at January 31, 2019 (such update to be furnished to Citadel by February 20, 2019).
The Adjusted SpinCo Working Capital Statement will be accompanied by (i) a bridge showing the amounts of Adjusted SpinCo Working Capital as reflected in the SpinCo Illustrative Example and changes therein to and including the Lockbox Date, (ii) the Shipmaster and Chief Engineer Certificates as per Exhibit E, (iii) the Spot Voyages in Progress Statement as per Exhibit J, and (iv) all other supporting information as specified in the Spinco Accounting Principles.
On and at all times after the Lockbox Date or the occurrence of an Event of Default, each Atlas Company shall in accordance with the Subsidiary Security Agreement instruct all customers and other Persons making payment on Receivables and other Collateral to make all payments thereon to a post office box or boxes established in accordance with the Lockbox Agreements.
For the avoidance of doubt, as between Citadel and the SpinCo Group, SpinCo will bear all SpinCo Current Liabilities arising out of the SpinCo Business after the Lockbox Date, whether or not so reflected on the SpinCo Working Capital Statement.
From and after the Lockbox Date, Borrowers shall ensure that all collections of Accounts due from Medicare/Medicaid Account Debtor are paid directly from such Medicare/Medicaid Account Debtor into the applicable Lockbox and/or Lockbox Account established pursuant to this subsection for deposit into the Lockbox Account established pursuant to this subsection.