Payor Sample Clauses
The Payor clause identifies the party responsible for making payments under the agreement. It specifies who must fulfill financial obligations, such as paying fees, charges, or other amounts due, and may outline the timing and method of payment. This clause ensures clarity regarding payment responsibilities, reducing the risk of disputes over who is required to pay and when.
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Payor. The entity or person that has the financial responsibility for funding payment of services on behalf of an Individual.
Payor. A public or private entity contracted with FHS which funds, insures or is responsible for paying Participating Providers for Covered Services rendered to Members pursuant to the terms of this Agreement and as stipulated on the Member’s identification card.
Payor. The term payor means any person making a payment of reportable death benefits.
Payor. Third Party Administrator or other third party that employer has hired to administer the contracting group dental benefit plan.
Payor. FLIC may elect to discharge its obligation to make any or all of the foregoing payments by causing the Bank to do so.
Payor. The entity or organization directly responsible for the payment of Company Compensation to the Contractor under a Plan. With respect to a self-funded Plan covering the employees of one or more employers, the Payor shall be the employer(s) and/or any funding mechanism used by the employer(s) to pay Plan benefits. With respect to an insured Plan or Plan providing benefits through a health maintenance organization, the Payor shall be the insurance company or health maintenance organization, as the case may be. Under no conditions shall the parties interpret “Payor” to be, nor shall the negotiated rates herein described be accessible to, any party other than Company or an employer offering a self-funded, non-indemnity product that contracted with Company to administer such product.
Payor. “Related Payor” means, with respect to each Borrower, (i) until such Borrower terminates BGOL’s obligations hereunder in accordance herewith, BGOL and (ii) at all other times, such Borrower. The obligations of the Borrowers hereunder shall be several and not joint.
Payor. The payor is the person, as defined in section 7701(a)(1), which, pur- suant to an order or agreement, has paid or incurred, or is liable to pay or incur, an amount to, or at the direc- tion of, a government or governmental entity in relation to the violation or potential violation of any law. In gen- eral, the payor will be the person to which section 162(f) and § 1.162–21 of the regulations apply.
Payor. The payor is the person who is funding this mortuary trust. The payor is: (name) (relationship to beneficiary) (address) (city, state, zip)
Payor. Organization with an arrangement with a PPO network or other network and is entitled to network billing considerations, including discounts and freedom from balance billing.