Common use of Excepted Payments Clause in Contracts

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. Notwithstanding any other provision ----------------- of this Participation Agreement or the Operative Documents, any Excepted Payment received at any time by the 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. Notwithstanding any other provision of this Participation Agreement or the any other Operative DocumentsDocument, any Excepted Payment received at any time by the Administrative 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. Notwithstanding any other provision of ----------------- this Participation Agreement or the Operative Documents, any Excepted Payment received at any time by the 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. Notwithstanding any other provision of ----------------- this Participation Agreement or the Operative Documents, any Excepted Payment received at any time by the 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.