Common use of Excepted Payments Clause in Contracts

Excepted Payments. Notwithstanding any other provision ----------------- of this 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.

Appears in 1 contract

Samples: Participation Agreement (Vitesse Semiconductor Corp)

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Excepted Payments. Notwithstanding any other provision ----------------- of this Agreement or the Operative DocumentsAgreements, any Excepted Payment Payments received at any time by the Collateral Agent or any Participant shall be distributed promptly to the Person entitled to receive such Excepted Payment pursuant to the Operative DocumentsAgreements.

Appears in 1 contract

Samples: Participation Agreement (Genentech Inc)

Excepted Payments. Notwithstanding any other provision of ----------------- of this 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.

Appears in 1 contract

Samples: Participation Agreement (Asyst Technologies Inc /Ca/)

Excepted Payments. Notwithstanding any other provision of ----------------- 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.

Appears in 1 contract

Samples: Participation Agreement (Quantum Corp /De/)

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.

Appears in 1 contract

Samples: Participation Agreement (Quantum Corp /De/)

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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.

Appears in 1 contract

Samples: Participation Agreement (Cardinal Health Inc)

Excepted Payments. Notwithstanding any other provision ----------------- of this 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. SECTION 3.17.

Appears in 1 contract

Samples: Participation Agreement (Vitesse Semiconductor Corp)

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