Excluded Payments. Any Excluded Payments received by the Owner Trustee shall be paid by the Owner Trustee to the Person to whom such Excluded Payments are payable under the provisions of the Participation Agreement, the Tax Indemnity Agreement or the Lease.
Excluded Payments. Clause 8.4(a) does not apply to any tax assessed on the Bank under the laws of any jurisdiction in which:
Excluded Payments. All amounts paid by the Manufacturer, dealer or other seller on account of vehicle preparation services or work covered by warranty performed by a Group IV Lessee or the Servicer with respect to Group IV Vehicles acquired, financed or refinanced pursuant to this Lease or as incentive payments (other than incentive payments for selling Program Vehicles outside the related Manufacturer Program) shall inure to the benefit of such Group IV Lessee or the Servicer and, to the extent any such payments are received by the Group IV Lessor, the Trustee or the Master Collateral Agent, shall promptly be paid over to such Group IV Lessee or the Servicer, subject in each case to SECTION 24.10 hereof and Section 2.5(c) of the Master Collateral Agency Agreement.
Excluded Payments. All amounts paid by the Manufacturer, dealer or other seller on account of vehicle preparation services or work covered by warranty performed by a Lessee or the Servicer with respect to Vehicles leased pursuant to this Lease or as incentive payments (other than incentive payments for selling Program Vehicles outside the related Manufacturer Program) shall inure to the benefit of such Lessee or the Servicer and, to the extent any such payments are received by the Lessor, the Trustee or the Master Collateral Agent, shall promptly be paid over to such Lessee or the Servicer, subject in each case to Section 24.10 and Section 2.5(c) of the Master Collateral Agency Agreement.
Excluded Payments. All payments received by the Mortgagee which are Excluded Payments are not part of the Collateral and shall promptly be paid over by the Mortgagee to the Mortgagor or other Person owed such amounts.
Excluded Payments. Arrears of pay which relate to basic pay and other earnings defined by the pay elements in Appendix A, e.g. expenses, ex-gratia payments (unless these relate to payment for overtime) non-contractual items including but not limited to bonuses.
Excluded Payments. Notwithstanding anything contained herein to the contrary, if the Security Trustee shall receive any Excluded Payments, the Security Trustee shall immediately distribute Excluded Payments to the party entitled to the payment of such Excluded Payment, subject to receipt by the Security Trustee of certification from such party of the amount of such Excluded Payments then due to it after such party's receipt of notice from the Security Trustee that it has received an Excluded Payment.
Excluded Payments. All amounts paid by the Manufacturer, dealer or other seller on account of vehicle preparation services or work covered by warranty performed by a Servicer with respect to Vehicles acquired or financed pursuant to this Lease or as incentive payments shall inure to the benefit of such Servicer and, to the extent any such payments are received by the Lessor, the Trustee or the Master Collateral Agent, shall promptly be paid over to such Servicer.
Excluded Payments. Trinity may from time to time, upon Sabine's request, direct the Sponsor Subsidiary Collateral Agent to transfer from the Sabine Operating Account to such account or Person as it designates (free from any Lien under the Sponsor Subsidiary Credit Documents) such amount as is represented by Excluded Payments (to the extent not paid).
Excluded Payments. 5 2.08 Termination of Senior Debt Commitments...........................6
