Lockbox Bank

Lockbox Bank. Shall mean, initially, Mellon Bank, N.A. and its successors in interest, and thereafter a depositary institution named by the Servicer and approved by the Insurer (so long as no Insurer Default has occurred and is continuing) which provides a lockbox as part of its normal and customary services at which the Lockbox Account is established and maintained as of such date; provided, however, that upon the occurrence of a Servicer Termination Event, the Controlling Party may, in its sole discretion,... cause the Lockbox Account to be established at another bank. View More