What are Lockbox Agreements?

lockboxA lockbox agreement is used in “lockbox banking”, a service implemented by banks which enables companies to securely and conveniently accept payments at specified post office boxes in lieu of having the payments go directly to the companies. The bank takes on the responsibility of collecting the payments from the post office box, processing the payments, and subsequently depositing the funds into the company’s bank account.

Lockbox agreements may involve two or more parties and have varying clauses. A membership to RealDealDocs enables you to read through different types of lockbox agreements to gain an understanding of how they are structured. When you find the Lockbox agreement that most closely relates to your business needs, you may download it in Microsoft Word format and edit as you wish.

Here are several lockbox agreements currently available on RealDealDocs:

 

1) Lockbox Agreement

CHDT CORPORATION

STERLING NATIONAL BAN

 

2) Lockbox Agreement

CHS INC

COFINA FUNDING, LLC

Marshall & Ilsley Bank

US BANK NATIONAL ASSOCIATION

 

3) Lockbox Escrow Agreement

Grushko & Mittman, PC

VoIP, Inc

 

4) Fourth Amended and Restated Intercreditor and Lockbox Administration Agreement

CAPITALSOURCE INC

BANK OF AMERICA, N.A.,

CAPITALSOURCE FUNDING INC.

 

 

 

 

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