Tower Issuer Lockbox definition

Tower Issuer Lockbox. As defined in Section 4.02(d) hereof. “Tower REO Lockbox”: As defined in Section 4.02(d) hereof.
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Tower Issuer Lockbox. The post office box(es) to be established and maintained by the Issuer in respect of Tax Liens pursuant to Section 4.02(d) of the Paying Agent and Custody Agreement or Section 8.02(d) of the Indenture, as applicable.
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Examples of Tower Issuer Lockbox in a sentence

  • In the event of payments sent to the Servicer rather than the Tower Issuer Lockbox, the Servicer shall charge an additional day’s interest, subject to applicable Laws.

  • The Servicer shall direct the Property Owners to pay to the Tower Issuer Lockbox established and maintained by the Issuer solely in the name of the Collateral Agent and Custodian all installments of principal and interest and other sums remitted from time to time in payment and redemption of the Tax Liens.

  • The Servicer shall direct the Property Owners to pay to the Tower Issuer Lockbox established and maintained by the Issuer solely in the name of the Indenture Trustee all installments of principal and interest and other sums remitted from time to time in payment and redemption of the Tax Liens.