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.
Appears in 9 contracts
Samples: Trust Agreement (Federal Express Corp), Trust Agreement (Federal Express Corp), Trust Agreement (Federal Express Corp)
Excepted Payments. All Notwithstanding any other provision contained herein, all Excepted Payments at any time received by the Owner Trustee shall be distributed promptly to the applicable PersonPerson entitled thereto, and such payment shall not be deemed under any circumstances to be part of the Lessor's Estate.
Appears in 4 contracts
Samples: Trust Agreement (Federal Express Corp), Trust Agreement (Federal Express Corp), Participation Agreement (Atlantic Coast Airlines Inc)
Excepted Payments. All Notwithstanding any other provision contained herein, 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.
Appears in 2 contracts
Samples: Trust Agreement (Federal Express Corp), Trust Agreement (Federal Express Corp)
Excepted Payments. All Notwithstanding any other provision contained herein, all Excepted Payments at any time received by the Owner Trustee shall be distributed promptly to the applicable PersonPerson entitled thereto under the terms of the Operative Agreements, and such payment shall not be deemed under any circumstances to be part of the Lessor's Estate.
Appears in 1 contract
