Nature of Lock-Box Accounts Sample Clauses

Nature of Lock-Box Accounts. Each Lock-Box Account constitutes a “deposit account” within the meaning of the applicable UCC.
Nature of Lock-Box Accounts. Each U.S. Collection Account constitutes a “deposit account” within the meaning of the applicable UCC.
Nature of Lock-Box Accounts. Each Lock-Box Account constitutes a “deposit account” within the meaning of the applicable UCC. 740811803 17540157
Nature of Lock-Box Accounts. Each Lock-Box Account constitutes a bank, deposit or similar account in which cash proceeds are deposited or held and each Lock-Box Account located in the United States of America constitutes a “deposit account” within the meaning of the applicable UCC.

Related to Nature of Lock-Box Accounts

  • 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.