Common use of Excepted Payments Clause in Contracts

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.

Appears in 7 contracts

Samples: Participation Agreement (Correctional Services Corp), Participation Agreement (Franklin Resources Inc), Trust Agreement (Guilford Pharmaceuticals Inc)

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Excepted Payments. Anything in this Article IV 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.

Appears in 2 contracts

Samples: Trust Agreement (Wackenhut Corrections Corp), Trust Agreement (Wackenhut Corrections Corp)

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Excepted Payments. Anything in this Article IV or elsewhere in this Trust Agreement to the contrary notwithstandingnotwith­standing, any Excepted Payment received at any time by the Owner Trustee shall be distributed promptly to the Person entitled to receive such Excepted Payment.

Appears in 2 contracts

Samples: Trust Agreement (Sabre Holdings Corp), Trust Agreement (Sabre Holdings Corp)

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