Payment Items means all checks, drafts, or other items of payment payable to a Borrower, including proceeds of any of the Collateral.
Payment Items means each check, draft or other item of payment payable to the Company, including those constituting proceeds of any Collateral.
Payment Items means all checks, drafts, or other items of payment payable to the New Borrower, including proceeds of any of the Collateral.
Examples of Payment Items in a sentence
Xxxxxx assumes no responsibility to Borrowers for any lockbox arrangement or Dominion Account, including any claim of accord and satisfaction or release with respect to any Payment Items accepted by any bank.
If any Borrower or Subsidiary receives cash or Payment Items with respect to any Collateral, it shall hold same in trust for Lender and promptly (not later than the next Business Day) deposit same into a Dominion Account (or a lockbox or other Deposit Account relating to a Dominion Account).
More Definitions of Payment Items
Payment Items shall have the meaning set forth in Section 2.2(b) of this Agreement.
Payment Items means checks, drafts, withdrawal orders and other similar items drawn on an account at the Branches.
Payment Items means, for any date or time, checks, drafts, withdrawal orders and other similar items drawn on an account at any of the Branches.
Payment Items shall have the meaning specified in Section 2.8.4.