Participating Payor definition
Participating Payor. – means a payor that is participating in the Program either on its own behalf or through an authorized agent that is a participant.
Examples of Participating Payor in a sentence
Vendor shall give NEIC 90 days from the date of Vendor's notice to effect a contract with such entity to become an NEIC Participating Payor before Vendor markets to or contracts with such entity for direct transmission of electronic transactions.
Furthermore, Vendor shall not market or contract for direct transmission of electronic transactions to or with any entity which is capable of becoming an NEIC Participating Payor unless Vendor first gives NEIC notice thereof and, if NEIC within 20 days of Vendor's notice advises Vendor in writing that NEIC wishes to contract with such entity.