A lockbox agreement is used in “lockbox banking” — a service implemented by banks enabling 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. Collections of high volume deposits/large denomination payments may be streamlined by using lockbox agreements. Lockbox technology has become increasingly advanced.
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:
- CHDT CORPORATION
- STERLING NATIONAL BAN
- CHS INC
- COFINA FUNDING, LLC
- Marshall & Ilsley Bank
- US BANK NATIONAL ASSOCIATION
Lockbox Escrow Agreement
- Grushko & Mittman, PC
- VoIP, Inc
Fourth Amended and Restated Intercreditor and Lockbox Administration Agreement
- CAPITALSOURCE INC
- BANK OF AMERICA, N.A.,
- CAPITALSOURCE FUNDING INC.
To search our database of more than 4 millions business documents, visit www.realdealdocs.com.