Lockboxes definition

Lockboxes has the meaning set forth in Section 2.7.

Lockboxes has the meaning given such term in Section 8(a).

Lockboxes has the meaning specified therefor in Section 8.01.

Examples of Lockboxes in a sentence

• Borrower shall at all times maintain lockboxes (the "Lockboxes") and, immediately after the Closing Date, shall instruct all Account Debtors with respect to the Accounts, General Intangibles, and Negotiable Collateral of Borrower to remit all Collections in respect thereof to such Lockboxes.

• No loss or damage to the Lockboxes or any part thereof shall impair any obligation of Authorized User under this Agreement which shall continue in full force and effect.

• Lockboxes are part of securing and will be included in the aggregate amount.

• Lockboxes may be sold or transferred between Cardholders, subject to Section 10 (f) above.

• Authorized User shall use the Lockbox System in a careful and proper manner and shall comply with and conform to all national, state, municipal, police and other laws, ordinances and regulations in any way relating to the possession, use or maintenance of the Lockboxes.

More Definitions of Lockboxes

Lockboxes shall have the meaning set forth in Section 7.1(a).

Lockboxes means, collectively, the lockboxes established at the Collection Account Banks for collection of payments in respect of Receivables or other Collateral.

Lockboxes means, collectively, the lockboxes established by the Borrowers with the Blocked Account Bank for collection of payments in respect of Receivables or other Collateral; and "Lockbox" means any one of the Lockboxes.

Lockboxes shall have the meaning ascribed to that term in Section 2.5(b)(i).

Lockboxes shall have the meaning ascribed to that term in Section --------- 2.5(b)(ii).

Lockboxes has the meaning assigned to such term in Section 5.15(a).

Lockboxes shall have the meaning assigned to such term in Section 8.4(i) hereof.