Common use of Excluded Payments Clause in Contracts

Excluded Payments. All amounts paid by the Manufacturer, dealer or other seller on account of vehicle preparation services or work covered by warranty performed by a Group IV Lessee or the Servicer with respect to Group IV Vehicles acquired, financed or refinanced pursuant to this Lease or as incentive payments (other than incentive payments for selling Program Vehicles outside the related Manufacturer Program) shall inure to the benefit of such Group IV Lessee or the Servicer and, to the extent any such payments are received by the Group IV Lessor, the Trustee or the Master Collateral Agent, shall promptly be paid over to such Group IV Lessee or the Servicer, subject in each case to SECTION 24.10 hereof and Section 2.5(c) of the Master Collateral Agency Agreement.