Except for Excepted Payments Clause Samples

The 'Except for Excepted Payments' clause defines specific payments that are excluded from certain restrictions or obligations within a contract. In practice, this means that while most payments may be subject to limitations such as withholding, set-off, or suspension, excepted payments—such as tax payments, indemnities, or other designated amounts—are not affected by these limitations and must be made regardless of other circumstances. This clause ensures that critical or legally required payments are not delayed or withheld, thereby maintaining compliance and protecting the interests of the parties involved.
Except for Excepted Payments the parties hereto acknowledge and agree that all payments due and owing by any Credit Party to the Lessor under the Lease or any of the other Operative Agreements shall be made by such Credit Party directly to the Agent as more particularly provided in Section 8.3 hereof. The Lessor, the Holders, the Agent, the Lenders and the Credit Parties acknowledge the terms of Section 8.7 of this Agreement regarding the allocation of payments and other amounts made or received from time to time under the Operative Agreements and agree, that all such payments and amounts are to be allocated as provided in Section 8.7 of this Agreement.
Except for Excepted Payments the parties hereto acknowledge and agree that all payments due and owing by the Lessee to the Lessor under the Lease or any of the other Operative Agreements shall be made by the Lessee directly to the Agent as more particularly provided in Section 8.3 hereof. The Lessor, the Agent, the Credit Lenders, the Mortgage Lenders and the Lessee acknowledge the terms of Section 8.7 of this Agreement regarding the allocation of payments and other amounts made or received from time to time under the Operative Agreements and agree that all such payments and amounts are to be allocated as provided in Section 8.7 of this Agreement.
Except for Excepted Payments the parties hereto acknowledge and agree that all payments due and owing by the Lessee to the Lessor under the Lease or any of the other Operative Agreements shall be made by the

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