Common use of Lockbox Agreements Clause in Contracts

Lockbox Agreements. The Administrative Agent, each Managing Agent and each Buyer shall have received duly executed copies of a letter from the Administrative Agent to each Permitted Lockbox Bank which is party to a Lockbox Servicing Agreement in connection with the Existing Purchase Agreement, which provides notice of the amendments to the Existing Purchase Agreement set forth in this Agreement.

Appears in 2 contracts

Sources: Receivables Purchase Agreement (Commercial Metals Co), Receivables Purchase Agreement (Commercial Metals Co)