Common use of Nature of Lock-Box Accounts Clause in Contracts

Nature of Lock-Box Accounts. Each Lock-Box Account constitutes a “deposit account” within the meaning of the applicable UCC.

Appears in 38 contracts

Sources: Loan and Security Agreement (Werner Enterprises Inc), Receivables Financing Agreement (Alliance Resource Partners Lp), Receivables Purchase Agreement (Owens Corning)

Nature of Lock-Box Accounts. Each Lock-Box Account constitutes a “deposit account” within the meaning of the applicable UCC. The Collection Account constitutes a “securities account” within the meaning of the applicable UCC.

Appears in 3 contracts

Sources: Receivables Purchase Agreement (Audacy, Inc.), Receivables Purchase Agreement (Audacy, Inc.), Receivables Purchase Agreement (Audacy, Inc.)

Nature of Lock-Box Accounts. Each Lock-Box Account constitutes a “deposit account” within the meaning of the applicable UCC.. ​ ​ ​

Appears in 1 contract

Sources: Receivables Financing Agreement (Alliance Resource Partners Lp)

Nature of Lock-Box Accounts. Each Lock-Box Account constitutes a “"deposit account” " within the meaning of the applicable UCC.

Appears in 1 contract

Sources: Receivables Purchase Agreement (Eagle Materials Inc)