Lockbox Bank Clause Samples
Lockbox Bank. All Obligors have been instructed to make payments to a Lockbox Account (either directly by remitting payments to a Lockbox, or indirectly by making payments through direct debit, the telephone or the internet to an account of the Servicer which payments will be subsequently transferred from such account to one or more Lockbox Banks), and no person claiming through or under Seller has any claim or interest in a Lockbox Account other than the related Lockbox Bank; provided, however, that other Persons may have an interest in certain other collections therein not related to the Contracts.
Lockbox Bank. The Lockbox Bank is the only institution holding any Lockbox Account for receipt of payments from Obligors, and all Obligors have been instructed to make payments to the Lockbox Account (either directly by remitting payments to the Lockbox, or indirectly by making payments through direct debit, the telephone or the internet to an account of the Servicer which payments will be subsequently transferred from such account to one or more Lockbox Banks), and no person claiming through or under Seller has any claim or interest in the Lockbox Account other than the Lockbox Bank; provided, however, that other “Trusts” (as defined in the Lockbox Agreement) shall have an interest in certain other collections therein not related to the Contracts.
Lockbox Bank. Lockbox Bank" has the meaning set forth in Section 2.3.
Lockbox Bank. The Lockbox Bank is the only institution holding any Lockbox Account for receipt of payments from Obligors, and all Obligors, and only such Obligors, have been instructed to make payments to the Lockbox Account, and no person claiming through or under Seller has any claim or interest in the Lockbox Account other than the Lockbox Bank; provided, however, that other “Trusts” (as defined in the Lockbox Agreement) shall have an interest in certain other collections therein not related to the Contracts.
Lockbox Bank. The Lockbox Bank is the only institution holding any Lockbox Account for receipt of payments from Obligors, and all Obligors, and only such Obligors, have been instructed to make payments to the Lockbox Account, and no person claiming through or under Seller has any claim or interest in the Lockbox Account other than the Lockbox Bank; PROVIDED, HOWEVER, NBD Bank, N.A. ("NBD"), Eagle Credit Trust 1994-1, Eagle Credit Trust 1994-2, Eagle Credit Trust 1994-3, Eagle Credit Trust 1994-4, Eaglemark Trust 1995-1, Eaglemark Trust 1995-2, Eaglemark Trust 1996-1, Eaglemark Trust 1996-2 and any other Trusts (as that term is defined in the Fourth Amended and Restated Lockbox Agreement dated as of April 1, 1998 by and among Seller, Eaglemark Customer Funding Corporation-II, Eaglemark Customer Funding Corporation-III, Purchaser, and acknowledged by Norwest in its capacity as Trustee of Eagle Credit Trust 1994-1, Eagle Credit Trust 1994-2, Eagle Credit Trust 1994-3, Eagle Credit Trust 1994-4 and Eaglemark Trust 1995-1, Eaglemark Trust 1995-2 and ▇▇▇▇▇▇ Trust and Savings Bank with respect to Future Trusts (as defined therein)), shall have an interest in certain other collections therein not related to the Contracts.
Lockbox Bank. All Collections and other amounts received by the Borrower Parties from any account debtor, in addition to all other cash received from any other source, shall upon receipt be deposited into a Collection Account. Termination of such arrangements shall also be subject to approval by the Agent. Upon the terms and subject to the conditions set forth in the Lockbox Agreements, all available amounts held in each Collection Account shall be wired each Business Day into an account for each Borrower Party (each, a "Concentration Account") maintained by the Agent at Bankers Trust (Delaware).
Lockbox Bank. TD Bank, N.A.
Lockbox Bank. ▇▇▇▇▇ Fargo (or any successor thereto appointed in accordance with the terms of this Agreement).
Lockbox Bank. The Lockbox Bank is the only institution holding any deposit account or any other account for receipt of payments from Obligors (except as otherwise contemplated by clause (f) of the definition of Eligible Contract), and no person claiming through or under the Seller has any claim or interest in the Lockbox Account other than the Lockbox Bank; provided, however, that other “Trusts” (as defined in the Lockbox Agreement), the Seller, the Purchaser and, to the extent that Eaglemark or a dealer repurchases any Contract or similar contract, Eaglemark or such dealer shall have an interest in certain other collections therein not related to the Contracts. A true and correct copy of the Lockbox Agreement is attached hereto as Exhibit D.
Lockbox Bank. JPMorgan Chase Bank and any successor thereto in accordance with the terms and conditions of the Lockbox Agreement and the Lockbox Intercreditor Agreement.