Common use of Lockbox Account Clause in Contracts

Lockbox Account. Each Obligor has been, or will be, directed to make all payments on their related Receivable to the Lockbox Account.

Appears in 54 contracts

Sources: Purchase Agreement (Vroom, Inc.), Sale and Servicing Agreement (Vroom, Inc.), Sale and Servicing Agreement (Vroom, Inc.)

Lockbox Account. Each Obligor has been, or will be, directed to make all payments on their related Receivable to the Lockbox Bank for deposit into the Lockbox Account.

Appears in 54 contracts

Sources: Sale and Servicing Agreement (Exeter Automobile Receivables Trust 2025-4), Sale and Servicing Agreement (Exeter Automobile Receivables Trust 2025-4), Sale and Servicing Agreement (Exeter Select Automobile Receivables Trust 2025-2)

Lockbox Account. Each Obligor has been, or will be, directed to make all payments on their related Receivable to the Lockbox Processor for deposit into the Lockbox Account.

Appears in 52 contracts

Sources: Purchase Agreement (AFS SenSub Corp.), Sale and Servicing Agreement (AFS SenSub Corp.), Sale and Servicing Agreement (AmeriCredit Automobile Receivables Trust 2015-4)

Lockbox Account. Each Obligor has been, or will be, directed to make all payments on their related [Seller] Receivable to the Lockbox Bank for deposit into the Lockbox Account.

Appears in 2 contracts

Sources: Sale Agreement (Efcar, LLC), Sale Agreement (Efcar, LLC)

Lockbox Account. Each Obligor has been, or will be, directed to make all payments on their related Receivable to the post office box established by the Lockbox Processor pursuant to the Lockbox Processing Agreement for deposit into the Lockbox Account.

Appears in 1 contract

Sources: Sale and Servicing Agreement (AmeriCredit Automobile Receivables Trust 2010-A)