Common use of Lockbox Agreements Clause in Contracts

Lockbox Agreements. Such Seller shall, on or prior to the date of this Agreement, deliver to the Company a Lockbox Agreement, duly countersigned and agreed to by each bank holding a Lockbox Account of such Seller or, if any such bank fails to agree to the terms thereof, by such other bank as shall agree to become a Lockbox Processor for such Seller on the terms and conditions set forth in such Lockbox Agreement.