Common use of Excepted Property Clause in Contracts

Excepted Property. Notwithstanding anything to the contrary contained in this Trust Agreement, any amounts or payments constituting Excepted Property received by the Owner Trustee shall be paid promptly by the Owner Trustee to the Person to whom such amounts or payments are payable pursuant to the terms of the Operative Agreements.

Appears in 1 contract

Samples: Trust Agreement (General American Railcar Corp Ii)

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Excepted Property. Notwithstanding anything to the contrary contained Anything in this Trust AgreementAgreement to the ----------------- contrary notwithstanding, any amounts or payments constituting Excepted Property received by the Owner Trustee shall be paid promptly by the Owner Trustee to the Person to whom such amounts or payments are payable pursuant to the terms of the Operative Agreements.

Appears in 1 contract

Samples: Trust Agreement (Gatx Rail Corp)

Excepted Property. Notwithstanding anything Anything in this Trust Agreement to the contrary contained in this Trust Agreementnotwithstanding, any amounts or payments constituting Excepted Property Payments received by the Owner Trustee shall be paid promptly by the Owner Trustee to the Person to whom such amounts or payments are shall be payable pursuant to the terms of the Operative AgreementsDocuments.

Appears in 1 contract

Samples: Construction Agency Agreement (Mondavi Robert Corp)

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Excepted Property. Notwithstanding anything Anything in this Trust Agreement to the contrary contained in this Trust Agreementnotwithstanding, any amounts or payments constituting Excepted Property received by the Owner Trustee shall be paid promptly by the Owner Trustee to the Person to whom such amounts or payments are payable pursuant to the terms of the Operative Agreements.

Appears in 1 contract

Samples: Trust Agreement (Gatx Rail Corp)

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