Excepted Payments Sample Clauses
The Excepted Payments clause defines specific payments that are excluded from certain restrictions or obligations within a contract. Typically, this clause identifies types of payments—such as taxes, indemnities, or reimbursements—that a party must make regardless of other limitations, like payment suspensions or set-offs. By clearly carving out these exceptions, the clause ensures that essential or legally required payments are not inadvertently delayed or withheld, thereby maintaining compliance and reducing the risk of disputes over critical financial obligations.
Excepted Payments. Notwithstanding any other provision of this Agreement or the Security Documents, any Excepted Payment received at any time by the Agent shall be distributed promptly to the Person entitled to receive such Excepted Payment.
Excepted Payments. All Excepted Payments at any time received by the Owner Trustee shall be distributed promptly to the applicable Person, and such payment shall not be deemed under any circumstances to be part of the Lessor's Estate.
Excepted Payments. Notwithstanding any other provision of this Indenture including this Section 3 or any provision of any of the Operative Documents to the contrary, any Excepted Payments received or held by the Indenture Trustee at any time shall promptly be paid or distributed by the Indenture Trustee to the Person or Persons entitled thereto.
Excepted Payments. Anything in this Article IV or elsewhere in this Trust Agreement to the contrary notwithstanding, any Excepted Payment received at any time by the Owner Trustee shall be distributed promptly to the Person entitled to receive such Excepted Payment.
Excepted Payments. 9 SECTION 4.4 Distributions after Default...........................................9
Excepted Payments. 12 INDEX ----- (Continued)
Excepted Payments. Anything in this Article 4 or elsewhere in this Indenture to the contrary notwithstanding, any Excepted Payment received at any time by the Indenture Trustee shall be distributed as promptly as practicable to the Person entitled to receive such Excepted Payment.
Excepted Payments. Notwithstanding any other provision of this Participation Agreement or the Operative Documents, any Excepted Payment received at any time by Agent shall be distributed promptly to the Person entitled to receive such Excepted Payment pursuant to the Operative Documents. Excepted Payments shall not reduce the Lease Balance or Adjusted Lease Balance.
Excepted Payments. 15 SECTION 3.17 Distribution of Payments After Event of Default........................................15 SECTION 3.18
Excepted Payments. Notwithstanding anything to the contrary contained in this Section 5, each Excepted Payment shall be promptly distributed to the Person to whom such Excepted Payment is owed in accordance with the Basic Documents.