Common use of Lockbox Arrangement Clause in Contracts

Lockbox Arrangement. Borrower shall assist Bank in the establishment of a lockbox arrangement in favor of Bank for the payments that the Borrower receives with respect to the Usage Agreements. Such arrangement and the provisions relating thereto, including, without limitation, the application of the proceeds collected by the Bank under such arrangement, shall be established within _____ days hereof and shall be satisfactory to the Bank in its reasonable discretion. *** Portions of this page have been omitted pursuant to request for Confidential Treatment and filed separately with the Commission.