Lockbox Processor definition

Lockbox Processor means Regulus Group II LLC, or its successors or assigns.

Lockbox Processor means Wxxxx Fargo Bank, National Association and its successors and assigns.

Lockbox Processor means Wells Fargo Bank, National Association and its successors and assigns.

Examples of Lockbox Processor in a sentence

• Pursuant to the Lockbox Agreement, the Trustee has authorized the Servicer to direct dispositions of funds on deposit in the Lockbox Account to the Collection Account (but not to any other account), and no other Person, except the Lockbox Processor and the Trustee, has authority to direct the disposition of funds on deposit in the Lockbox Account.

• Such environment of non-enforcement is likely to benefit private owners who enjoy the financial advantages of formality while simultaneously ‘profit from a labour force that is made vulnerable to exploitation and that tends not to claim its labour rights’ (Lenner and Turner, 2018).Despite this short-term productive advantage, the incentives to boost formal economic integration are present even in a transition economy.

• Lockbox Processor Selection — In selecting a lockbox processor, there are a number of considerations.

• Pursuant to the Lockbox Agreement, the Trustee has authorized the Servicer to direct dispositions of funds on deposit in the Lockbox Account to the Collection Account (but not to any other account), and no other Person, except the Lockbox Processor and the Trustee, has authority to direct disposition of funds on deposit in the Lockbox Account.

• Pursuant to the Lockbox Agreement, the Collateral Agent has authorized the Servicer to direct dispositions of funds on deposit in the Lockbox Account to the Collection Account (but not to any other account), and no other Person, except the Lockbox Processor and the Collateral Agent (acting at the direction of the Administrative Agent), has authority to direct disposition of funds on deposit in the Lockbox Account.

More Definitions of Lockbox Processor

Lockbox Processor means JPMorgan Chase Bank, N.A., a national banking association, and its successors and assigns.

Lockbox Processor means the depositary institution or processing company (which may be the Trustee) which processes payments on the Receivables sent by the Obligors thereon forwarded to a Lockbox.

Lockbox Processor means the depositary institution or processing company (which may be the Trustee) which processes payments on the Leases sent by the Lessees thereon forwarded to a Lockbox.

Lockbox Processor means Bank of America and its successors and assigns.

Lockbox Processor means Regulus West, LLC and its successors and assigns.

Lockbox Processor means the Person appointed as lockbox processor pursuant to the Lockbox Agreement and its successors thereunder.

Lockbox Processor means 3i Infotech Inc. or any other Person that may from time to time perform Lockbox services with respect to one or more Lockboxes and that has been approved as a Lockbox Processor by the Purchaser Agent in writing.